Political Analyst | Steno Research, Steno Research

Anne Sandager

Political Analyst | Steno Research

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.

Cross Asset Strategy

<ul>
<li>On Wednesday, the European Commission made a formal recommendation to start EU membership negotiations with Ukraine and Moldova.</li>
<li>Ukraine is thereby catching up to countries such as Montenegro, Serbia, and North Macedonia whose accession processes have been underway since the 00s.</li>
<li>Accepting Ukraine with a population of 43,79 million into the EU will be the end to the Union as we know it.</li>
</ul>


On Wednesday, the European Commission made a formal recommendation to start EU membership negotiations with Ukraine and Moldova.
Ukraine is thereby catching up to countries such as Montenegro, Serbia, and North Macedonia whose accession processes have been underway since the 00s.
Accepting Ukraine with a population of 43,79 million into the EU will be the end to the Union as we know it.


EUROPOLITICS WATCH: Opposition Victory in Poland Opens Door for Ukraine in the EU?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

<ul><li>Welcome to another one of our short nuggets, where it’s all about the charts and short conclusions! Today we will briefly dig into the world of commodity inventories, which despite tightness doesn’t seem to matter unless demand surprises positively to the upside.</li><li>Something tells us that’s exactly what’s gonna happen.</li><li>We will mainly focus on industrial metals and grains, whereas energy inventories will be covered in our weekly Energy Cable / EIA Watch.</li></ul>

Welcome to another one of our short nuggets, where it’s all about the charts and short conclusions! Today we will briefly dig into the world of commodity inventories, which despite tightness doesn’t seem to matter unless demand surprises positively to the upside.Something tells us that’s exactly what’s gonna happen.We will mainly focus on industrial metals and grains, whereas energy inventories will be covered in our weekly Energy Cable / EIA Watch.

Inventory Nugget – How Are World Inventories in Metals and Grains Looking?

Geopolitical Analyst, Steno Research, Steno Research

Mikkel Rosenvold

Geopolitical Analyst, Steno Research

<ul><li>It’s finally time to turn our eyes back to Ukraine in this series – and we have a lot to talk about! Will Ukraine hold presidential elections next year and what about that Zaluzhny interview?</li><li>The Ukrainian summer offensive has been an almost complete failure with very few advances made.</li><li>General Zaluzhny – the Ukrainian commander-in-chief – admitted as much in a recent interview with the Economist and asked for a reversed strategy – more on that later.</li></ul>

It’s finally time to turn our eyes back to Ukraine in this series – and we have a lot to talk about! Will Ukraine hold presidential elections next year and what about that Zaluzhny interview?The Ukrainian summer offensive has been an almost complete failure with very few advances made.General Zaluzhny – the Ukrainian commander-in-chief – admitted as much in a recent interview with the Economist and asked for a reversed strategy – more on that later.

Great Game – 3 Key Predictions for the Ukraine War in 2024

Head of Research, Steno Research

Emil Moller

Head of Research

<ul><li>Hello everybody and welcome back to our Monday Positioning Watch! We’re here again on this fine Monday, ready to delve into our take on the market’s current temperature based on the latest Positioning and CFTC data.</li><li>Last week, we left off with the possibility of an impending bear market rally.</li><li>If that indeed plays out, it’s the positions with the heaviest shorts that are most at risk and we expect the bleeding is not done.</li></ul>

Hello everybody and welcome back to our Monday Positioning Watch! We’re here again on this fine Monday, ready to delve into our take on the market’s current temperature based on the latest Positioning and CFTC data.Last week, we left off with the possibility of an impending bear market rally.If that indeed plays out, it’s the positions with the heaviest shorts that are most at risk and we expect the bleeding is not done.

Positioning Watch: Prepared for a Short Squeeze?

<ul><li>Hello, everyone, and welcome to our weekly Positioning Watch! I’m certain that our dedicated readers have noticed the absence of last weekend’s edition, but fear not, we’re back with a vengeance today! Typically, we release Positioning Watch every Saturday.</li><li>However, we’ve observed that many of our readers actually prefer to peruse it on Mondays so why not add everything that may occur in a weekend?</li><li>Therefore, we’ve decided to shift our release schedule to every Monday.</li></ul>

Hello, everyone, and welcome to our weekly Positioning Watch! I’m certain that our dedicated readers have noticed the absence of last weekend’s edition, but fear not, we’re back with a vengeance today! Typically, we release Positioning Watch every Saturday.However, we’ve observed that many of our readers actually prefer to peruse it on Mondays so why not add everything that may occur in a weekend?Therefore, we’ve decided to shift our release schedule to every Monday.

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EUROPOLITICS WATCH: Opposition Victory in Poland Opens Door for Ukraine in the EU?

The support of Poland will be key for Ukraine heading into negotiations with the EU. The Polish election on Oct 15th enjoyed significant...

Steno Research

Inventory Nugget – How Are World Inventories in Metals and Grains Looking?

elcome to another one of our short nuggets, where it’s all about the charts and short conclusions! Today we will briefly dig...

Steno Research

Great Game – 3 Key Predictions for the Ukraine War in 2024

Will Ukraine hold presidential elections next year and what about that Zaluzhny interview? The Ukrainian summer offensive has been an almost...

Steno Research

Positioning Watch: Prepared for a Short Squeeze?

We’re here again on this fine Monday, ready to delve into our take on the market’s current temperature based on the latest Positioning and CFTC data.

Steno Research

Positioning Watch: Who Blinks First?

TLT inflows have been consistently positive for several months, indicating a strong trend. However, early investors find themselves in under...

Steno Research

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