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
The Drill: China to the commodity rescue?
2025-03-18Are we seeing a repeat of the 2024 springtime China optimism in metals, or is this year’s bullishness more well-founded? Meanwhile, oil risk premia are rising amid renewed tensions in ...Steno Signals #189 – The Perception vs. Reality of Inflation: A Growing Divide
2025-03-17The gap between surveyed/anticipated inflation and measured inflation has been widening rapidly in recent weeks. Are surveys accurately predicting what’s ahead, or is inflation actually trending lower? Let’s take a ...Here is what we told Hedge Funds this week – and how we’re trading it!
2025-03-14Each week, we summarize the key insights we’ve shared with hedge funds, highlight what to watch for, and explain how we’re navigating the macro landscape – all in a simple, ...
Latest Daily Post
Something for your Espresso – Recession: Yay or Nay?
2025-03-21Whether or not equities will bounce from here historically depends on one thing: whether we get a recession or not. Are we anywhere close to a recession now that all ...Something for your Espresso – The Powell put?
2025-03-20While it was clear that Powell didn’t want to send a massive signal in either direction yesterday, he ended up being net dovish, and that might just serve as an ...Something for your Espresso: While we are waiting for Godot (and tariffs)
2025-03-19The BoJ remained exceptionally patient amid the uncertainty surrounding tariffs and global trade. The Fed is likely to take the same approach. Why make a move now when a mountain ...
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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