Our Research
Steno Signals
Steno Signals is our weekly editorial on everything macroeconomic, written by Andreas Steno.
Daily Post
Something for your Espresso is your morning research letter from Steno Research preparing you for the day to come.
Emerging Markets
Emerging Markets delves into the most timely and relevant news and movements from and relevant to emerging markets.
The Great Game
The Great Game is our weekly editorial on geopolitics and global conflict.
Watch Series
Watch Series is a collection of individual series such as Europolitics Watch, Inflation Watch, Real Estate Watch, and much more.
Crypto Moves
Crypto Moves is our detailed editorial that explores topics relevant to the crypto market, helping you stay ready for future developments.
… and much more
We go even further, publishing research applicable to all markets and topics.
We Are A Passionate European Research Power House with a single Goal: To Position You for long-term success.
Located in the heart of Copenhagen, Denmark, our team is composed of brilliant thinkers with expansive expertise. Our domains range from the intricacies of macroeconomic landscapes to the nuances of geopolitical affairs, along with trading strategies and energy matters to digital assets and quantitative approaches. This comprehensive understanding shapes our market insights at your benefit.
Latest Notes
Steno Signals #194 — The March 2020 Parallel Intensifies
2025-04-28
As the supply chain has been nuked by the liberation day tariffs, while most signs point towards an “easing” of tensions during May, we see more and more analogies pointing ...What We Told Hedge Funds: We Are Staring Directly Into a 2020-Like Shock
2025-04-25The more we look at it, the more it seems the economic shock unfolding in the US is of similar magnitude to what we saw in March 2020—a forced lockdown ...Crypto Watch: The bottom is most likely in
2025-04-24The earlier decoupling from risk assets, the long-awaited decline in bond yields, easing liquidity conditions, and efforts to stabilize the sell-off in long-end bonds all point toward a potential bottom ...
Latest Daily Post
Something for Your Espresso – Mirror Mirror on the Wall, Who’s the Biggest Liar of Them All?
2025-04-25The White House insists Trump is in ongoing talks with Chinese trade officials, yet China has repeatedly denied any contact since inauguration day. One side is clearly lying—but which one?Something for your Espresso: How long is Bessent behind the wheel?
2025-04-24Bessent managed to calm the markets with a strong speech yesterday, but the real question is whether he has reclaimed the keys to economic policy for good—or merely borrowed them ...Something for Your Espresso – The Final U-Turn From Trump?
2025-04-23Elon Musk is now substantially distancing himself from DOGE, Trump no longer wants “Too Late Jerome” fired (officially), and Bessent is pushing the trade deal agenda. All of this happened ...
Always Actionable
Our mission is to pave the way for your success. Besides our written research, our analysis readily converts into actionable trades, available within our Macro Portfolio. Additionally, you’ll discover crypto opportunities in our Crypto Portfolio.
“We are not afraid to publish research that is contrarian to public perception. In fact, we know this is what gives you an edge in the market.”
– Andreas Steno Larsen, Managing Partner
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