Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

FX & Rates

<ul><li>Welcome to our short and sweet Fed preview.</li><li>No one expects policy action from the Fed this week, but Powell could decide to reiterate that the dot plot remains intact given the most recent information received.</li><li>We doubt that Powell will bring about a strong guidance for a December hike, but unless the wheels come off, it’s very likely that they will be tempted to deliver that hike come December.</li></ul>

Welcome to our short and sweet Fed preview.No one expects policy action from the Fed this week, but Powell could decide to reiterate that the dot plot remains intact given the most recent information received.We doubt that Powell will bring about a strong guidance for a December hike, but unless the wheels come off, it’s very likely that they will be tempted to deliver that hike come December.

Fed Watch: Why Should the Fed Abandon the Planned Year-End Hike?

Understand How Markets Actually Work, Learning.Investing.Thriving.

Marc Rudajev

Understand How Markets Actually Work

Learning.Investing.Thriving.

Learning.Investing.Thriving. is built on a simple idea: If you want to build wealth, you need more than stock tips. You need to understand how markets actually work.

Thematic (Sector/Industry)

<ul><li>Fast Five is usually a weekly earnings snapshot.</li><li>This week we are doing something different. The most important events of the week had nothing to do with earnings and everything to do with the price of money.</li><li>Major central banks made decisions on rates and made announcements about their outlooks for the remainder of the year.</li></ul>

Fast Five is usually a weekly earnings snapshot.This week we are doing something different. The most important events of the week had nothing to do with earnings and everything to do with the price of money.Major central banks made decisions on rates and made announcements about their outlooks for the remainder of the year.

Fast Five: Special Debt Edition (Fed, BOJ, ECB, BOE)

HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

Cross Asset Strategy

<ul><li>Founder of the DeFi Report and Web3 Strategist, NATO, shares his journey, advice for innovators, and trends shaping asset tokenization, venture capital, and AI convergence.</li><li>Inflation report and Fed's monetary policy decision discussed, with core inflation increasing 3.1% year over year and market pricing in a 92% chance of a rate cut in September.</li><li>Summary of market performance, with crude falling, value rally in US equities, and Ray Dalio's recommendation to invest in non US equities in local currency.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Founder of the DeFi Report and Web3 Strategist, NATO, shares his journey, advice for innovators, and trends shaping asset tokenization, venture capital, and AI convergence.Inflation report and Fed's monetary policy decision discussed, with core inflation increasing 3.1% year over year and market pricing in a 92% chance of a rate cut in September.Summary of market performance, with crude falling, value rally in US equities, and Ray Dalio's recommendation to invest in non US equities in local currency.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

DeFi, On-Chain Truth, and the Petrodollar 2.0

<ul><li>We’re at a critical juncture in sovereign bond markets, with liquidity running razor-thin and the game changing fast.</li><li>German Bunds, traditionally rock-solid, are now trading through swaps and nearing zero on cross-currency swaps (ESTRON/SOFR) – a first in modern market history.</li><li>The takeaway? Major central banks, especially the ECB, are pressing too hard on QT, and the markets are about to hit back hard if they don’t ease up soon.</li></ul>

We’re at a critical juncture in sovereign bond markets, with liquidity running razor-thin and the game changing fast.German Bunds, traditionally rock-solid, are now trading through swaps and nearing zero on cross-currency swaps (ESTRON/SOFR) – a first in modern market history.The takeaway? Major central banks, especially the ECB, are pressing too hard on QT, and the markets are about to hit back hard if they don’t ease up soon.

Steno Signals #126: Disentangling the ECB Schnabel Speech – How Will QT Develop from Here?

<ul><li>Happy Sunday from Copenhagen.</li><li>Bear with me this week through this long read as we approach an extremely interesting crossroads in sovereign bond markets, impacted by very tight liquidity.</li><li>This story has been somewhat masked by policy events in the US and Germany, but it may nonetheless be the most important narrative for Q4, which is why you need to pay attention to it.</li></ul>

Happy Sunday from Copenhagen.Bear with me this week through this long read as we approach an extremely interesting crossroads in sovereign bond markets, impacted by very tight liquidity.This story has been somewhat masked by policy events in the US and Germany, but it may nonetheless be the most important narrative for Q4, which is why you need to pay attention to it.

Steno Signals #125: EUR Liquidity Overtakes USD Liquidity – A Historic Shift

Germany

The euro is the official currency of the European Economic & Monetary Union. 

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Euro (USDEUR CURNCY)

Fed Watch: Why Should the Fed Abandon the Planned Year-End Hike?

No one expects policy action from the Fed this week, but Powell could decide to reiterate that the dot plot remains intact given the most recent...

Steno Research

Fast Five: Special Debt Edition (Fed, BOJ, ECB, BOE)

Fast Five is usually a weekly earnings snapshot. This week we are doing something different. The most important events of the week had nothing to...

Marc Rudajev

DeFi, On-Chain Truth, and the Petrodollar 2.0

NATO, founder of DeFi Report and Web3 Strategist, will share his insights on asset tokenization, venture capital, and AI convergence, while the...

William Mann

Steno Signals #126: Disentangling the ECB Schnabel Speech – How Will QT Develop from Here?

We’re at a critical juncture in sovereign bond markets, with liquidity running razor-thin and the game changing fast. German Bunds, traditionally...

Steno Research

Steno Signals #125: EUR Liquidity Overtakes USD Liquidity – A Historic Shift

Happy Sunday from Copenhagen. Bear with me this week through this long read as we approach an extremely interesting crossroads in sovereign bond...

Steno Research

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