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

Equity Watch: The Trump versus Biden Basket

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Cross Asset Strategy

United kingdom & United states / Cross Asset Strategy

<ul>
<li>Take aways: As liquidity and growth improve so will equity markets.</li>
<li>The RTY rotation story is not all rosy. Momentum suggests that we are not as concentrated in equity markets as we think</li>
<li><span style="font-weight: 400;">Three weeks ago, when the dovish CPI print landed, the immediate reaction was a sell-off in large caps followed by an influx into small caps, with RTY rising &gt;10% over the week following the release. </span></li>
</ul>


Take aways: As liquidity and growth improve so will equity markets.
The RTY rotation story is not all rosy. Momentum suggests that we are not as concentrated in equity markets as we think
Three weeks ago, when the dovish CPI print landed, the immediate reaction was a sell-off in large caps followed by an influx into small caps, with RTY rising &gt;10% over the week following the release. 


株式ウォッチ：株式市場のローテーション、モメンタム、センチメントの分析