We host the great Warren Pies in a discussion on oil, bonds and everything related. Are energy stocks the new bonds and why? We take a closer look.

We also cover recent movements on our model portfolio and what changes we see coming up.

Hosts: Andreas Steno and Emil Moller
Guest: 3Fourteen Research

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Will the energy price rally trigger the recession as consumer savings are depleted? We look at this week's EIA data, whether it can be trusted and how it all impacted the world of Macro and your portfolio.

The recession is likely in Q1 2024 still - and here's how we view and trade it!

Hosts. Andreas Steno and Emil Moller

Use "macro30" to get 30% off your first purchase at www.stenoresearch.com

Is the day of reckoning for nuclear power here at last? After years of stagnation, markets are beginning to show some promise for nuclear technology. Today, we'll examine the state of nuclear energy and delve into the current conditions of the commodity and energy markets with John Ciampaglia, CEO of Sprott Asset Management.

Remember to get 30% off your first three purchases at www.stenoresearch.com with the coupon code 'macro30'.

Hosts: Andreas Steno Larsen and Emil Møller

Are the central banks on pause or not? We cover all the CB decisions/non-decisions this week and talk to former President of the Atlanta Fed and former FOMC member Dennis Lockhart to get his view on the central bank situation.  How does Dennis view the FOMC meeting and the US economy in general?

Afterwards, we call up Frances Donald, Global Chief Economist at Manulife Investment for some great analysis of the current situation. What are the right bets in markets and will risk assets surge as they did in 2007?

Remember to get 30% off your first three purchases at www.stenoresearch.com with the coupon code 'macro30'.

Hosts: Andreas Steno Larsen and Emil Møller

Has the anti-Europe trade become the consensus or is there still juice in the story? We discuss the prospects of European gas storages and the ongoing recession in the North of the continent. Can Europe surprise negatively and will that surprise the ECB? Should you actually watch Southern Europe and not Northern Europe from here on?

We also discuss the differences between the U.S. and European labour markest post-pandemic. Why are we not seeing ghost towns in Europe and what does this mean for markets?

Use the exclusive offer Macro30 to get 30% off your subscription at www.stenoresearch.com 

Hosts: Andreas Steno Larsen and Mikkel Rosenvold

Oil could be up as much as 25-30% during Q4 due to the production cuts out of Saudi Arabia and Russia. This is beginning to smell like the 1970's and we take a closer look at  how that affects inflation and growth with the great Mikael Sarwe of Nordea Bank. We also discuss inflation outlooks in both the U.S. and Europe.

Use the exclusive offer Macro30 to get 30% off your subscription at www.stenoresearch.com 

Hosts: Andreas Steno Larsen and Mikkel Rosenvold
Guest: Mikael Sarwe, Nordea

Is the U.S. labour market finally crashing? What will it take to kill the U.S. economy? We ask Michael Cembalest of J.P. Morgan who explains The Rasputin Effect. We also cover the outlook for fiscal policy, interest rates and the short- and longterm effects of the Chips Act and IRA in this great interview. And of course - we give our take on how to allocate given all of this.

Use the exclusive offer Macro30 to get 30% off your subscription at www.stenoresearch.com 

Hosts: Andreas Steno and Emil Møller
Guest: Michael Cembalest

Has the PBoC won against speculators in Chinese FX markets? And will equities stabilize due to the contained outflows from China? We invite Tony Nash, former Director at The Economist Intelligence Unit in Asia to discuss the evolving crisis in Beijing. Tony has extensive knowledge from working both in Singapore and China and sees this ongoing tug of war as a patriotic combat.

Finally, you get our weekly update on portfolio flows, where we elaborate why again prefer to short assets in our own neck of the woods in Europe.

Use the exclusive offer Macro30 to get 30% off your subscription at www.stenoresearch.com 

 We host Michael Kao for a discussion on the Chinese tool-box and whether the 7.30 line in the sand will hold or not.

The situation is very binary. Either risk appetite will return or else you need to run for the hills.

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www.stenoresearch.com 

The yield curve inversion was never a recession signal. An uninversion and higher rates (via bear steepening) is needed to push the economy in to recession.

We discuss the allocation playbook given the knowledge we have on the yield curve with Bob Elliot, former Bridgewater and now CIO of Unlimited Funds.

You can use Macro30 to get 30% off your subscription at www.stenoresearch.com