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 βSOMETIMES MAYBE GOOD, SOMETIMES MAYBE SHITβ (Listen to understand the context)
Find out more about Steno Research with the 30% discount code βmacro30β at www.stenoresearch.com/subscribe
Macro Mondays
The Rally Nobody Believes In | Macro Mondays: April 27, 2026
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Andreas Steno Larsen and Mikkel Rosenvold break down the latest developments in the Strait of Hormuz as a risk for global energy flows and supply chains continues to dominate headlines. They also zoom out to the global growth picture, exploring why sentiment remains bearish, yet equities continue to grind higher.
π₯ Get ππ₯ππ πππππ¦π¦ to Real Vision https://rvtv.io/3YOZZUe
Timestamps:
00:00 - Welcome to Macro Mondays with Andreas Steno & Mikkel Rosendvold
01:06 - Real Vision Pro Portfolio Tracker
03:55 - Laughs of the Week: X Doom Posts & AI Slop
07:57 - Festus Montana: Data Center Backlash
09:30 - Energy Trade: Nuclear, Fuel Cells & Bloom Energy
11:17 - Macro Pivot: Iran Stalemate & Strategic Patience
13:27 - Crude & Jet Fuel On-Water Storage Analysis
15:51 - Negative Natural Gas Prices in Texas vs 2022 Crisis
17:46 - Geopolitical Risk vs Market Impact Disconnect
19:10 - Investor Sentiment Disconnect at All-Time Highs
21:14 - Goldman Prime Book: Low Hedge Fund Leverage
23:26 - Semiconductors Rally: South Korea Export Surge
25:10 - Mag 7 Cloud CapEx & The Next Power Trade
26:46 - EU & US Grid Operators Rationing New Plugins
27:30 - Live Show Copenhagen & Wrap-Up
π₯ Get ππ₯ππ πππππ¦π¦ to Real Vision https://rvtv.io/3YOZZUe
Connect with Real Visionβ’ Online:
YouTube: youtube.com/@RealVisionFinance
Twitter: https://rvtv.io/twitter
Instagram: https://rvtv.io/instagram
Website: https://rvtv.io/3Y4t5Pw
Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf
Podcasts we love
Check out these other fine podcasts recommended by us, not an algorithm.
Raoul Pal: The Journey Man
Real Vision Podcast Network