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.

Macro and Geopolitical Research House

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>If you were to take the US consumer at face value, their conditions look solid</li>
<li>Consumers earn more than they spend (also relatively now) and they save more money than they obtain new debt</li>
<li>If the trend of better living conditions for US households continues, the economy could rebound</li>
</ul>


If you were to take the US consumer at face value, their conditions look solid
Consumers earn more than they spend (also relatively now) and they save more money than they obtain new debt
If the trend of better living conditions for US households continues, the economy could rebound


Spending Watch: Looking into the Balance Sheet of US Households