Andreas Steno

CEO at Steno Research. Macro afficionado, investment analyst and Madridista. Host/Editor @ Real Vision. Hosting "The Macro Trading Floor" podcast @ Blockworks.
Andreas Steno Larsen
5 things we watch: Higher(er) for longer(er), the consumer, core price pressures, energy prices and cyclicals

5 things we watch: Higher(er) for longer(er), the consumer, core price pressures, energy prices and cyclicals

If this truly is a rebound in activity with consumption back in the service sector, then there is no reason to sell equities. This is the big schism currently. Why sell both fixed income and equities if the economy is doing better? Current market trends are not sustainable. Something will HAVE to give.

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Commodities Watch – What commodity super cycle?

Commodities Watch – What commodity super cycle?

The Chinese reopening has possibly been the most covered topic since its announcement in late 2022 – at least in financial circles. The awaited lifebuoy for the global economy, which the reopening consensually was thought to be, has yet to truly show up in prices of commodities essential in manufacturing. We prefer to stay long Industrial Metals (mainly Copper) relative to Energy.

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5 things we watch: Higher(er) for longer(er), the consumer, core price pressures, energy prices and cyclicals

5 things we watch – Fed policy, positive carry, oil markets, the USD, and implications of the newly appointed BoJ Governor

Midweek has arrived and that calls for a rundown of the five things we watch the closest. As is the custom every Wednesday, we will take you through these most important themes (and charts) in macro and summarize how we interpret them. Dig in!

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US inflation watch – Charts, charts, charts

US inflation watch – Charts, charts, charts

With the recent almost farcical economic data coming out of the US, we bet economists and traders are on the edge of their seats awaiting the coming CPI-print. In this ‘preview’ we’ll turn to our charts trying to align expectations to select indicators.

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