Stenos Signals

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More fuel to the 2007 = 2023 analogy
We are in many ways experiencing 2007 all over. The BoJ is considering a move on the policy rate, the ECB is in a hawkish denial, while the Fed is still…
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AndreasStenoLarsen
Steno Signals #75 - The 2007/2008 playbook is useful again
The “soft landing” narrative has gained material momentum in the mainstream coverage ahead of 2024, which is a clear risk to the outlook. It always…
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AndreasStenoLarsen
Steno Signals #74 - Did King USD just break?
Sudden sharp moves against the USD after Powell let go of the monetary steering wheel. Will the Fed take back control or has the USD already peaked…
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AndreasStenoLarsen
Oil Watch: September data weakness was fake news. Time to buy oil?
The latest EIA report once again shows that September was just a data glimpse, and that oil demand is still going relatively strong in the US. Long oil…
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AndreasStenoLarsen
Macro Sunday: Is negative central bank Equity a problem?
The Fed, the ECB and almost all other big central banks are operating with huge losses, but is it a big issue? Our guest of the week says theoretically…
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AndreasStenoLarsen
1
Steno Signals #73 - An abysmal impulse for 2024
We are currently “riding” a few of the positive impulses from lower input prices over the past year, but the impulses for 2024 do not look good and the…
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AndreasStenoLarsen
Launching coverage of digital assets
We are launching our coverage of crypto / digital assets with the hiring of the extremely talented Mads Eberhardt.
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AndreasStenoLarsen
3
New credit data suggests a wave of bankruptcies is coming
A wave of bankruptcies is likely still incoming according to the Fed SLOOS survey, while it is hard to see credit and equity markets celebrating…
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AndreasStenoLarsen
Steno Signals #72 - When a recession meets a melt-up in equities and bonds
The Fed introduced a new feedback loop, which limits the scope of this bear market rally. Remember that Q4 data usually looks bad in this environment…
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AndreasStenoLarsen
October 2023
BREAKING: Japan to allow even higher yields!
Nikkei reports that the BoJ will allow 10yr bond yields to exceed 1% after tomorrows meeting. Here is all you need to know ahead of it!
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AndreasStenoLarsen
1
Steno Signals #71 - A first taste of the recession sell-off?
The developments in the Middle East have refueled the recession fears and markets are getting concerned due to the spike in term premiums. Is this a…
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AndreasStenoLarsen
Strong Energy Demand in October!
Our view that October would show a strong energy rebound has been correct, Every week we adjust the EIA report for the noise of seasonality and…
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AndreasStenoLarsen
© 2023 AndreasStenoLarsen
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