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Stenos Signals

AndreasStenoLarsen

Welcome to Steno Research. The 100% independent macro and geopolitical research house. We hope to see you as a client soon at www.stenoresearch.com. We will occasionaly deliver free articles at this substack still.

Platform
Substack
PricingFreemium
PublishesTwice weeklyIssues231
SubscribersRead andreassteno.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

Steno Signals #184 - Here is the roadmap for the business cycle in 2025

Reciprocal tariffs will put markets on the back foot right from the start of the week, leaving certain EMs highly vulnerable, while Europe remains well-positioned.

2 months ago
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Steno Signals #183 – The Pain Trade is a Weaker USD, While China Could Surprise on the Upside

“How would you go long the USD at the Wellington open?” is a clear hint of the current sentiment. Could the USD peak already today, and where is the money to be found in this environment?

2 months ago
7
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Steno Signals #182 - Cutting Through the Trump Noise: A Massive Uniform Move Is Happening

There are (and will be) Trump/China headlines right, left and centre over the coming weeks. Trading macro is therefore all about being right on the core underlying macro trends and cut out the noise

2 months ago
7
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Steno Signals #181: Welcome to the golden age for risk taking (and scams)

What a weekend in Trump-land, set against a macroeconomic environment that, as far as I can tell, looks more like 2021 than 2017. If we cut through the noise, it seems we’re still early in the cycle.

2 months ago
9
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Authors

The writers behind this newsletter.

  • AndreasStenoLarsen

    Global macro/markets, “Glee” fan and Madridista.

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