Head of Research, Steno Research

Emil Moller

Head of 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>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.

Macroeconomics

<ul><li>Chinese stimulus, US CPI, and Gaza Bombardment now likely turning into a land invasion.</li><li>Plenty of events to digest in the scope of one week! Which of course leaves us with the question we attempt to answer every Saturday: How are markets positioned?</li><li>But before diving into that, we think it prudent to act with some context to the nature of the situation that markets have to digest</li></ul>

Chinese stimulus, US CPI, and Gaza Bombardment now likely turning into a land invasion.Plenty of events to digest in the scope of one week! Which of course leaves us with the question we attempt to answer every Saturday: How are markets positioned?But before diving into that, we think it prudent to act with some context to the nature of the situation that markets have to digest

Positioning Watch:  Seeking Shelter in the Fog of War

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>Global wheat trade is imbalanced with few exporters and many importers. This means a few nations' trade policies affect supply during shortages as they restrict exports to prioritize domestic needs.</li>
<li>El Niño generally causes wheat production to decline among key exporters as well as most importers. This increases the likelihood of shortages in the wheat export market.</li>
<li>Currently diminished global wheat inventories increase the likelihood of supply shocks and price surges in global wheat markets.</li>
</ul>


Global wheat trade is imbalanced with few exporters and many importers. This means a few nations' trade policies affect supply during shortages as they restrict exports to prioritize domestic needs.
El Niño generally causes wheat production to decline among key exporters as well as most importers. This increases the likelihood of shortages in the wheat export market.
Currently diminished global wheat inventories increase the likelihood of supply shocks and price surges in global wheat markets.


Double Crosshairs Haunt Wheat; Geopolitics and El Niño Impacts Global Staple

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Wheat (W A COMDTY)

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

Positioning Watch: Seeking Shelter in the Fog of War

Chinese stimulus, US CPI, and Gaza Bombardment now likely turning into a land invasion. Plenty of events to digest in the scope of one week!

Steno Research

Double Crosshairs Haunt Wheat; Geopolitics and El Niño Impacts Global Staple

The ascending El Niño along with diminished global inventories brings a strong risk of shortages in the global wheat market alongside sharp price...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)