Geopolitical Analyst, Steno Research, Steno Research

Mikkel Rosenvold

Geopolitical 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.

Macroeconomics

<ul><li>Welcome to this week’s geopolitical update, the Great Game.</li><li>This week we’re covering Putin’s surprise sacking of Defense Minister Shoigu as well as the ongoing global EV war.</li><li>Russian President Putin has replaced his Defense Minister Sergei Shoigu with former economic advisor and Deputy Prime Minister Andrei Beluosov.</li></ul>

Welcome to this week’s geopolitical update, the Great Game.This week we’re covering Putin’s surprise sacking of Defense Minister Shoigu as well as the ongoing global EV war.Russian President Putin has replaced his Defense Minister Sergei Shoigu with former economic advisor and Deputy Prime Minister Andrei Beluosov.

Great Game – Why Putin fired Shoigu and Why Biden is going tough on China

<ul>
<li>Welcome to this week’s Great Game where we will catch up on events in the Middle East and also cover the Trump trial that’s currently taking all the attention in the US Election race.</li>
<li>Situation:Israel responded very lightly to the massive Iranian attack on April 13th and we haven’t heard any more from that conflict over the past week.</li>
<li>As we predicted, Israel’s response was “next to nothing” and clearly acknowledged the de-escalatory nature of Iran’s strike. I know some took offense to that analysis, but it is genuinely our assessment and I think events since has reinforced that view.</li>
</ul>


Welcome to this week’s Great Game where we will catch up on events in the Middle East and also cover the Trump trial that’s currently taking all the attention in the US Election race.
Situation:Israel responded very lightly to the massive Iranian attack on April 13th and we haven’t heard any more from that conflict over the past week.
As we predicted, Israel’s response was “next to nothing” and clearly acknowledged the de-escalatory nature of Iran’s strike. I know some took offense to that analysis, but it is genuinely our assessment and I think events since has reinforced that view.


Great Game – Could Biden Have Even More to Fear from Trump’s Trial?

<ul><li>With all eyes on the Middle East for the past weeks and months, we haven’t focused as much on the ongoing war in Ukraine.</li><li>In the big picture, not much has changes on the frontline despite continued heavy losses and a Russian election.</li><li>But now I think it’s time for investors to re-adjust their assessment of the war and consider contingencies for the path ahead.</li></ul>

With all eyes on the Middle East for the past weeks and months, we haven’t focused as much on the ongoing war in Ukraine.In the big picture, not much has changes on the frontline despite continued heavy losses and a Russian election.But now I think it’s time for investors to re-adjust their assessment of the war and consider contingencies for the path ahead.

Great Game: Despite New Aid, Ukraine will lose within 12 months. Plan Accordingly!

<ul><li>Welcome to the weekly Great Game, which is obviously dedicated to the situation in the Middle East.</li><li>We covered Saturday’s attack on Israel in our Debrief, so in this post, I’ll try and look a bit ahead and give our take on what may lie ahead – both in the Israel/Iran conflict, but perhaps even more importantly in the Red Sea deadlock.</li><li>Understanding Iran’s strikeSituation:On Saturday evening, Iran attacked Israel in response to the April 1st bombing of the Iranian embassy in Damascus.</li></ul>

Welcome to the weekly Great Game, which is obviously dedicated to the situation in the Middle East.We covered Saturday’s attack on Israel in our Debrief, so in this post, I’ll try and look a bit ahead and give our take on what may lie ahead – both in the Israel/Iran conflict, but perhaps even more importantly in the Red Sea deadlock.Understanding Iran’s strikeSituation:On Saturday evening, Iran attacked Israel in response to the April 1st bombing of the Iranian embassy in Damascus.

Iran’s attack – Large in Size, Harmless in Effect. What’s next?

Cross Asset Strategy

<ul><li>Good morning everyone – what a dramatic night in the Middle East and what a couple of days we have in front of us.</li><li>Just a quick update on our take on things.</li><li>Note that this is written Sunday morning CET and that events are still unfolding.</li></ul>

Good morning everyone – what a dramatic night in the Middle East and what a couple of days we have in front of us.Just a quick update on our take on things.Note that this is written Sunday morning CET and that events are still unfolding.

Iran/Israel Debrief: A Very Soft Response from Iran – No Risk of Wider War

Geopolitical Analyst based out of Copenhagen, Denmark.

Fields of expertise span European Politics, Global Conflicts, Geopolitical Strategy and Political Economy.