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Stenos Signals
Musings on macroeconomic- and geopolitical developments and how to trade them in financial markets.
By AndreasStenoLarsen · Launched 6 months ago
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Stenos Signals #10 - How to position for a landslide in PMIs?
What happens in markets when the ISM Manufacturing index drops below 50 over the next quarter? We have looked across all assets with interesting findings.
Jul 28
75
11
Stenos Signals #9: Demand is rolling over and markets are noticing
We have talked over and over about supply during the past 12 months, but it is now time to talk about demand. Go short the business cycle and buy USD.
May 13
70
2
Stenos Signals 11 - Inflationistas vs Recessionistas
Is this a return to a 70s-like fight between inflation and recession? The energy supply scarcity is likely to bring about yuge business cycle volatility in coming years until the situation is settled.
Aug 11
46
9
Stenos Signals #8: Outright deflation risks in 2023 are increasing
The current supply squeeze is one of the worst seen ever. The disconnect between demand fundamentals and food- and energy prices is simply eye-catching. Watch the downside, but not yet.
Apr 15
62
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Most popular
Stenos Signals #10 - How to position for a landslide in PMIs?
75
11
Stenos Signals #8: Outright deflation risks in 2023 are increasing
62
17
Stenos Signals #3 – The bluff of a decade?
108
14
Stenos Signals #9: Demand is rolling over and markets are noticing
70
2
Stenos Signals #2 – Why the Pandemic is about to get disinflationary
73
5
Stenos Signals #7: Duration is getting killed across all asset classes
79
8
See all popular
New
Community
Stenos Signals #7: Duration is getting killed across all asset classes
Duration has been “killed” by financial markets over the past year, which carries repercussions for all asset classes. How can you track duration across…
Mar 29
79
8
Stenos Signals #6 – Is growth no longer relevant?
Inflation runs markets currently as it seems as if growth has become irrelevant for policy makers, but will such a narrative pass a reality test? I…
Mar 18
40
8
Stenos Signals #5 – How do you trade stagflation?
Inflation is not going to peak in Q1 as the most recent price developments in energy- and food prices will lead inflation much higher in Q2. So, the…
Mar 9
41
2
Stenos Signals #4 – Biden owns a printer, while Powell owns a flat iron
I remain of the view that it is inadvisable to make large portfolio changes during Geopolitical turbulence. Markets remain lukewarm despite the Russian…
Feb 24
25
2
Stenos Signals #3 – The bluff of a decade?
A lot of investors are rightfully scared that Russia is about to invade Ukraine. It almost never pays to bet on geopolitical turbulence and the current…
Feb 16
108
14
Stenos Signals #2 – Why the Pandemic is about to get disinflationary
The current inflation is mainly a result of lagged consequences of the pandemic trends, but as these trends are about to reverse, we may experience the…
Feb 10
73
5
Stenos Signals #1 - Don’t take a bet against gravity!
Everyone currently panic about high inflation and a weak labour supply, which has catapulted front-end pricing central banks higher. I would prefer to…
Feb 2
86
16
Coming soon
This is Stenos Signals, a newsletter about (Bi)Weekly musings on macro- and market developments.
Jan 30
46
See all
Most popular
Stenos Signals #10 - How to position for a landslide in PMIs?
75
11
Stenos Signals #8: Outright deflation risks in 2023 are increasing
62
17
Stenos Signals #3 – The bluff of a decade?
108
14
Stenos Signals #9: Demand is rolling over and markets are noticing
70
2
Stenos Signals #2 – Why the Pandemic is about to get disinflationary
73
5
Stenos Signals #7: Duration is getting killed across all asset classes
79
8
See all popular
Stenos Signals
Musings on macroeconomic- and geopolitical developments and how to trade them in financial markets.
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Stenos Signals
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