Macro Mondays
Each and every Sunday, former Global Chief Strategist of Nordea Bank, Andreas Steno, invites colleagues and friends of Steno Research to share their views on the world of macro and geopolitics with loads of actionable content.
We will maintain FULL independence without capital interests in having specific views and provide 100% transparency around how we trade and view the world
The podcast will be the most entertaining and yet serious podcast in the Macro Space and as you will notice our trade ideas will be โSOMETIMES MAYBE GOOD, SOMETIMES MAYBE SHITโ (Listen to understand the context)
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Macro Mondays
War, Oil & Liquidity - Whatโs Driving Markets Now! | Macro Monday: April 20, 2026
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As the ceasefire between the U.S. and Iran falters, bringing oil flows back under pressure, Andreas Steno Larsen and Mikkel Rosenvold break down the geopolitical fallout, from jet fuel shortages to shifting supply dynamics.
๐ฅ Get ๐๐ฅ๐๐ ๐๐๐๐๐ฆ๐ฆ to Real Vision https://rvtv.io/3YOZZUe
Timestamps:
00:00 - Welcome to Macro Mondays with Andreas Steno & Mikkel Rosendvold
01:06 - Is the War Back On? Jet Fuel Shortages and Whatโs Holding Markets Up
01:55 - Psychedelics Stocks Surge After Trump Executive Order
03:05 - This Week on Real Vision: Geopolitics AMA, Charting Macro, and Jim Bianco
04:24 - Iran Reverses Course and Closes the Strait of Hormuz Again
05:33 - Ship Attacks, Tanker Seizures, and Why the Weekend Escalation Matters
06:06 - Trump, Iran Talks, and the Latest Strait of Hormuz Flow Data
07:14 - Why the US and Western Economies Need Less Oil Than Before
09:20 - Jet Fuel Shortages in Europe: How Serious Is the Risk?
11:24 - Europeโs Flight Crunch and Why Airfares Are Exploding
13:19 - Southern Europeโs Tourism Hit and the Macro Impact of Fewer Flights
14:49 - What Europeโs 2022 Energy Shock Tells Us About Todayโs Crisis
16:33 - Why This Energy Disruption Still Looks Manageable
17:36 - Can the Stock Market Rally Continue From Here?
18:04 - Why This Is Still a Hated Rally With Investors Underweight Risk
19:50 - Dollar Liquidity, Fed Reserve Management, and Whatโs Fueling Markets
22:19 - SLR Reform, Bank Leverage, and the Quiet Driver of the Rally
24:28 - ISM, Regional Fed Surveys, and Why US Growth Still Looks Strong
25:06 - Fed, ECB, and BOE: Are Rate Hikes Now Off the Table?
27:23 - Final Outlook: Talks on Wednesday and a Still-Bullish Macro View
๐ฅ Get ๐๐ฅ๐๐ ๐๐๐๐๐ฆ๐ฆ to Real Vision https://rvtv.io/3YOZZUe
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