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>Sticky core inflation, bounce in housing and AI mayhem are all reasons for higher for longer rates</li>
<li>Banks have no way of competing against the rates at money market funds, leading to a slow withdrawal of deposits</li>
<li>Smaller banks are likely to suffer, as confidence will remain stronger at bigger banks</li>
</ul>


Sticky core inflation, bounce in housing and AI mayhem are all reasons for higher for longer rates
Banks have no way of competing against the rates at money market funds, leading to a slow withdrawal of deposits
Smaller banks are likely to suffer, as confidence will remain stronger at bigger banks


US Bank Watch - 3 Arguments for the Inevitability of More Banking Failures