Best Nordea Podcasts (2024)

1
How to spend it 21:38

15h ago21:38

21:38

Spending your capital right can boost the value of your business. Companies can invest or pay out capital to shareholders. They can invest in capex, R&D or acquisitions. They can pay dividends or make share buybacks. In this Nordea On Your Mind podcast, Johan Trocmé, Viktor Sonebäck and Jonas Ankjaer talk about how companies globally have used thei…

1
Macro Sunday #46 - Inflation in developed markets but not in emerging markets? 47:18

4d ago47:18

47:18

We host Vincent Deluard for a discussion on inflation trends in the US, Europe but also in China and Lat-Am. Will the Chinese deflation mainly impact EM, while the shrinking labour force of the West will lead to a renewed inflation pressure in Europe- and the US? Remember to use Geo30 to get 30% off your subscription. It is a limited offer. Find ou…

1
Macro Sunday #45 - Is the next move a rate hike? Guest: Danny Dayan 50:53

4d ago50:53

50:53

We host Danny Dayan for a discussion on the accelerating US inflation picture. Could the Fed move towards a neutral stance in June and a hike in 2025? Danny says yes and offers his compelling arguments Host: Andreas Steno & Mikkel Rosenvold Find our Crypto coverage here - https://stenoresearch.com/category/crypto-moves/ For a 2-week free trial - ht…

1
Macro Sunday #44 - The fake business cycle - Guest: Bob Elliot 39:31

11d ago39:31

39:31

Is the business cycle sending fake signals again, and is it fair that markets have priced out the entire recession risk? How will inflation assets thrive in Q2 given the Manufacturing rebound and are commodities, especially within metals, overbought in light of this? We take the discussion with former CO-CIO of Bridgewater Bob Elliot who is now run…

1
Macro Sunday #43 - Brr-man Powell & ISIS in Russia? Guest: Dario Perkins 55:41

18d ago55:41

55:41

This week on Macro Sunday we take a look at Brr-man Powell, USD inflation, what happened in Russia, how to trade a Biden win & much more. Join us! Host: Andreas Steno & Mikkel Rosenvold Guest: Dario Perkins, TS Lombard 14 days free trial - https://stenoresearch.com/subscribe/ FREE macro newsletter - https://stenoresearch.com/free/ If you enjoy our …

1
Macro Sunday #42 - Can the gold rally continue? Guest: Bob Moriarty, 321gold.com 27:10

25d ago27:10

27:10

Andreas is out of town, so it's a show of contrarian takes as we discuss gold, silver and everything related. Can the gold rally continue and what metals and commodities are interesting throughout 2024? We consult the seasoned gold investor and fighter pilot Bob Moriarty of 321gold.com in this edition of Macro Sunday. Host: Mikkel Rosenvold Guest: …

1
Macro Sunday #41 - Commodities breaking out - including Crypto! Guest: Mads Eberhardt 40:54

1M ago40:54

40:54

Oil, Copper and Silver have broken out of recent ranges and the overall commodity picture is starting to look technically compelling. Meanwhile, the inflow to the “digital commodity” Bitcoin remains strong leaving to new records by the day! We look into the physical and digital commodity markets in this weeks Macro Sunday. Guest: Mads Eberhardt 14 …

1
Macro Sunday #40 - More liquidity is coming! Guest: Joseph Wang 45:46

1M ago45:46

45:46

Liquidity levels are improving in USDs and more may be upcoming via the depletion of the ON RRP. Will the Fed move towards more benign balance sheet policies over the course of the year? And how about a potential operation "Twist"? Meanwhile, China is allowing the public deficit to grow. Is China the next positive surprise? Guest: Joseph Wang aka. …

1
Macro Sunday #39 - Do you own enough commodities? Guest: Tracy Shuchart 42:29

2M ago42:29

42:29

The cyclical rotation of asset markets is ongoing and the Manufacturing sector seems to be improving by the month. The consensus is getting very upbeat on the US growth picture but what about China and Europe? Is the Rest of the World ready to beat expectations and do you own enough commodities in case? Find our research at https://stenoresearch.co…

1
Macro Sunday #38 - MELT UP! Special guest: Mads Eberhardt 42:28

2M ago42:28

42:28

Assets are melting up right, left and center as the optimism around the business cycle is improving. Is it fair to assume that countries outside of the US are improving? And how do you trade the cyclical comeback? Crypto assets are also celebrating the cyclical uptick and we are joined by Mads Eberhardt to discuss the Crypto market post the launch …

1
Time to reconsider the euro in the Nordic countries? 24:10

2M ago24:10

24:10

It is 25 years since the euro was first introduced. Finland has used it from the start, and Denmark has pegged its krone to it. But Norway and Sweden have had floating currencies since the early 1990s. In this Nordea On Your Mind podcast, Johan Trocmé and Viktor Sonebäck review how the different Nordic economies have been affected by currency. Are …

1
Macro Sunday #37 - Inflation is BACK! - Guest: Freya Beamish 46:12

2M ago46:12

46:12

We discuss the resurgence of US inflation, which rhymes well with our forward looking indicators. Will inflation return to 2% at all in this cycle? Our guest Freya Beamish of TS Lombard is not positive on China, but sees a strong structural case in Japan. Tune in! Find our latest insights on inflation here - https://stenoresearch.com/watch-series/g…

1
Macro Sunday #36 - Recession called off? Guest: Mikael Sarwe 57:10

2M ago57:10

57:10

Is the US recession called off and is it even possible to talk about a re-acceleration of the economy? Where does it leave the hopes for a cutting cycle from the Fed and how will asset markets respond? Remember to go to www.stenoresearch.com - launch of portfolios, 14 day free trial. Hosts: Andreas Steno, Mikkel Rosenvold & Emil Møller If you enjoy…

1
Macro Sunday #35 - War between the US and Iran? Guest: Jacob Shapiro 43:53

3M ago43:53

43:53

Are we on the verge of war between the US and Iran? The Suez troubles continue but freight rates have leveled off somewhat despite growing tensions between the US and Iran. How close are we to an all in war? We look at the geopolitics and the ramifications for global markets with Jacob Shapiro of Cognitive Investments Hosts: Andreas Steno & Mikkel …

1
Macro Sunday #34 - The Red Sea is WORSENING 42:02

3M ago42:02

42:02

The hopes for a quick solution in the Red Sea are fading and the global inflation impact will likely be lasting. The crisis is now spreading from containers to dry bulk and energy. How will Chinese, European and US markets react to this? Hosts: Andreas Steno, Mikkel Rosenvold and Emil Moller 14 day free trial at www.stenoresearch.com If you enjoy o…

1
Macro Sunday #33 - A new supply shock? Guest: Dario Perkins 53:51

3M ago53:51

53:51

We are once again joined by our favourite global macro economist, Dario Perkins of TS Lombard, to discuss the supply shock in the Red Sea. Will the freight rates wreak havoc with the 2024 cutting cycle consensus? This is your last chance to get 30% off on your yearly subscription at www.stenoresearch.com - use macro30 to get 30% off today! Hosts: A…

1
Macro Sunday #32 - Inflation strikes back! Guest: Bob Elliott 44:53

3M ago44:53

44:53

US inflation is accelerating again but the market is yet to care. Meanwhile, freight rates continue to rise on the back of increasing tensions in the Red Sea and goods inflation is threatening to come back with a vengeance. Will the Fed forward pricing prove to be off? We discuss it with Bob Elliott of Unlimited Funds If you find our research valua…

1
Macro Sunday #31 - Spiking freight rates bringing back inflation? 39:26

3M ago39:26

39:26

The situation in the Red Sea is worsening and freight rates are on the rise in some subsectors. Can the situation escalate into a new inflation spiral and what does it mean for the positive 2024 outlooks from right about every investment bank? We discuss the situation with a selection of analysts at Steno Research. If you find our research valuable…

1
#30 - How’s consensus going to be wrongfooted in 2024? Guest: Marvin Barth 53:14

4M ago53:14

53:14

How are markets positioned for 2024? We discuss the consensus outlook with Marvin Barth of Thematic Markets and weigh pros/cons of betting against the consensus in various asset classes. Will the Soft Landing narrative prevail or will tail scenarios unfold in 2024? Happy New Years from the entire team at Steno Research14-days free trial available a…

1
#29 - Inflation Volatility is back! Guest: Claus Vistesen 33:08

4M ago33:08

33:08

Is the new ECB/Fed inflation forecast way off? And will inflation resurface already during 2024? Those are key questions for asset allocators. We host a thought provoking discussion with the tremendous Claus Vistesen of Pantheon. Find out more at www.stenoresearch.com - always 14 days free trial access to our research https://stenoresearch.com/subs…

1
AI taking over our jobs? Don’t panic 29:36

4M ago29:36

29:36

The release of Open AI’s ChatGPT in November 2022 has driven a tsunami of interest in generative AI. In this Nordea On Your Mind podcast, Johan Trocmé and Viktor Sonebäck explain the ‘big new thing’, Large Language Models, what they can and cannot do, and how generative AI could affect the Scandinavian labour market in the years ahead. And yes, the…

1
#28 - Powell invites for a risk asset party. Guest: Raoul Pal 1:00:31

4M ago1:00:31

1:00:31

Jay Powell invited for a massive risk asset party after the Fed opened the door for several cuts in 2023. Will the Fed suddenly prove to be the most dovish of the big central banks anyway? We assess the outlook for the big three central banks while also discussing whether this is a mid-cycle rate cutting cycle or the start of a recession. Our guest…

1
Arbeidsplassen som en læringsarena- Hva sier forsker’n? 40:11

4M ago40:11

40:11

En episode med Dorothy Sutherland Olsen fra Nordisk institutt for studier av innovasjon, forskning og utdanning (NIFU). Dorothy forsker på læring i arbeidslivet og livslang læring. Vi snakker med Dorothy om arbeidsplassen som en læringsarena for arbeidstakere i ulike yrkesfaser. Lytt og få innsikt. NB! Denne episoden er til en forandring et råoppta…

1
#27 - There is no fever like gold fever - Guest: Ronnie Stoeferle 59:00

4M ago59:00

59:00

Gold has been rallying hard alongside bonds in October and November, but who are the buyers? Retail or central banks? We discuss the Gold outlook with the author of In Gold We Trust, Ronnie Stoeferle of Incrementum Funds On top of that, we discuss the situation in Guyana and the ramifications for our suffering oil longs. Find out more at www.stenor…

1
#26 - Are central banks asleep at the wheel? Guest: Cathie Wood 51:28

5M ago51:28

51:28

We are joined by the renowned Tech investor Cathie Woods of ARK to discuss the rally in duration heavy equity assets through 2023. Will the rally continue if the Fed is done hiking? And will US Treasury markets also deliver better returns in 2024? All that amidst the turbulence from the OPEC meeting. Hosts: Andreas Steno and Emil Møller Guest: Cath…

1
#25 - Why is offshore wind not performing? Guest: Suriya Jayanti 1:01:02

5M ago1:01:02

1:01:02

We host the former Chief of the Energy unit at the US Embassy in Kiev and co-founder of the Eney LCC, Suriya Jayanti for a discussion of the malaise in offshore wind markets. Why is wind energy suffering and is China to blame? Tune in as we discuss the future energy mix in Europe and the US in light of recent developments and how it is likely to im…

1
#24 - The End of US Outperformance? - Guest: Mike Green 58:05

5M ago58:05

58:05

We host the great Mike Green for a talk on the outlook for the strong-going US economy in comparison to Europe and Asia. We also cover the softer-than-expected CPI prints and the subsequent rally in equities and take a victory lap on our Germany trade. To see our full model portfolio and access all our research, sign up for a FREE 2-week trial at w…

1
NAM Talks - Climate Engagement Hot Takes 12:24

5M ago12:24

12:24

For professionals onlyNAM talksDisclaimer:Nordea Asset Management is the functional name of the asset management business conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB (“the Legal Entities”) and their branches and subsidiaries. This podcast is advertising material and is intended to provide the rea…

1
#23 - Are central banks insolvent? Guest: Dario Perkins 58:29

5M ago58:29

58:29

We are joined by one of the best central bank watchers in the world, Dario Perkins of TS Lombard to discuss whether negative equity in central banks practically matter. Dario says theoretically no, but practically yes while also introducing his "Perkins rule" for recession watching. Check out our new Crypto content at https://stenoresearch.com/cate…

1
#22 - Either you do Japan, or Japan will do you! - Guest: Weston Nakamura 59:16

6M ago59:16

59:16

The Bank of Japan is the only major currency authority in the post-COVID era to fight back against USD strength via intervention - and win. Can they pull it off again? We host the great Weston Nakamura for a deep-dive into the Japanese monetary and fiscal policy. Towards the end, we give an update on our current positioning and the portfolio outloo…

1
#21 - Is the US Treasury onslaught over? - Guest: Bob Elliott, Unlimited Funds 1:04:36

6M ago1:04:36

1:04:36

We host the great Bob Elliott of Unlimited Funds to a deep dive into the outlook for US Treasuries. What does the new House speaker and upcoming appropriations talks mean for markets and treasuries and how will the US fund yet another war? We also discuss the newest inflations trends and how we position ourselves in these testing times. Use "macro3…

1
#20 - Math and why does it matter? - Guest: Steen Jakobsen, Saxo Bank 37:30

6M ago37:30

37:30

Live from his vacation home in sunny Spain, Andreas hosts the great Steen Jakobsen of Saxo Bank to a talk on commodities, positioning and in particular "Inflation math". Why are we so slow to adjusting our thinking to a high interest and high inflation environment and how should we adapt? Hear a great analysis from Steen as well as an update on our…

1
#19 - Energy Stocks are the New Bonds 41:13

6M ago41:13

41:13

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 Use "macro30" to get 30% off your first purchase a…

1
#18 - Higher energy prices triggering a recession? 35:30

7M ago35:30

35:30

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% of…

1
#17 - The Nuclear Option 51:10

7M ago51:10

51:10

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…

1
#16 - Pause or not, and how to trade it? Guests: Dennis Lockhart and Frances Donald 59:21

7M ago59:21

59:21

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 Ec…

1
NAM Talks - Driving Change To Reap Returns 24:13

7M ago24:13

24:13

For professionals onlyNAM talksDisclaimer:Nordea Asset Management is the functional name of the asset management business conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB (“the Legal Entities”) and their branches and subsidiaries. This podcast is advertising material and is intended to provide the rea…

1
Hitting targets in a more volatile world 29:19

7M ago29:19

29:19

Does not saying anything about future performance of your business protect you from being held accountable? Or could the use of financial targets even improve the value of your business? In this Nordea On Your Mind podcast Johan Trocmé, Viktor Sonebäck and Jim Jokinen review what targets Nordic large listed companies have used from 2007-2022, how t…

1
#15 - Was that a pause from Lagarde? 28:53

7M ago28:53

28:53

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…

1
#14 - Is the Second Inflation Wave Coming? - Guest: Mikael Sarwe, Nordea Bank 43:07

7M ago43:07

43:07

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 Macro…

1
#13 - The Rasputin Effect - Guest: Michael Cembalest, J.P. Morgan 37:32

8M ago37:32

37:32

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…

1
#12 - USD patriots vs. CNY patriots - Guest: Tony Nash 55:34

8M ago55:34

55:34

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 o…

1
#11 - Macro Sunday: 3 scenarios for the Chinese response to the RE malaise 42:08

8M ago42:08

42:08

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. Remeber that you can use Macro30 to get 30% off your subscription at www.stenoresearch.com…

1
#10 - A steeper curve to create a recession - Guest: Bob Elliot 42:59

8M ago42:59

42:59

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 sub…

1
#9 - Coups, YCC and the big rotation trade 38:47

9M ago38:47

38:47

Is the big rotation now ongoing in rates and equities after the BoJ steepened the JGB curve? Find out as we discuss the bizarre developments in Niger, Jeddah and Japan in light of the material steepening of the USD curve. You can find more on www.stenoresearch.com and use the exclusive code Macro30 to get 30% off your annual subscription.…

1
#8 - From recession to Goldilocks - USA USA USA - Guest: Darius Dale 43:03

9M ago43:03

43:03

From a technical recession in July-2022 to a widespread acceleration in July-2023. The US economy is not done performing and the interest rate sensitivity seems much smaller than usual. What has changed in the US economy and is the soft landing an actual feasible scenario? We host Darius Dale of 42 Macro for a discussion on the strenght of the US e…

1
#7 - Breaking: 3 reasons why the BoJ decision is NOT a gamechanger 13:03

9M ago13:03

13:03

Markets initially panicked after the Bank of Japan decision to move the needle on the yield curve control was leaked. The new yield curve control regime is much more flexible, which can actually be seen as a positive. We discuss the surprise decision by Bank of Japan in this short Breaking edition of “Macro Sunday” If you want more of our transpare…

1
#156 | Philipp Krohn - Autor von Ökoliberal im Interview mit FInanzoptimist 25:35

9M ago25:35

25:35

Philipp Krohn berichte über die Botschaft und die Entstehungsgeschichte seines Buchs "Ökoliberalismus - Warum Nachhaltigkeit die Freiheit braucht". Ob man mit Anreizen oder mit Verboten die Klimaziele besser erreichen kann? Erfahre es in dieser Folge!By Der Finanzoptimist | Nachhaltig anlegen

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#6 - Geopolitical risks are back - Guest: Claus Vistesen 33:19

9M ago33:19

33:19

Why is the EUR so resilient? And will it continue to be so in the wake of renewed geopolitical turmoil in the Eastern parts of the continent? We welcome Claus Vistesen of Pantheon Economics to discuss the European case. A buy or a sell relative to expectations? Remember that you can use macro30 to get 30% off your subscription at https://stenoresea…

1
#5 - 4 reasons why the recession never arrived - Guest: Dario Perkins 47:35

9M ago47:35

47:35

Andreas Steno and Emil Moller of Steno Research host Dario Perkins of TS Lombard for a discussion the recession that never arrived. Steno Research had a tremendous trading week after acing the US Inflation Report. What is ahead for inflation after this dovish report and will central banks pause in a coordinated fashion from August and onwards? Reme…

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