In the weekly macro update, Andreas Steno and Mikkel Rosenvold guide you through current macro events, including tariffs, Ukraine, liquidity and soft commodities.

Hear why:

- Peace in Ukraine might be imminent
- Reciprocal tariffs are GOOD
- Sugar might be the hottest commodity

And much more!

Andreas Steno Larsen, founder and CEO of Steno Research, is back with his co-host Mikkel Rosenvold, the firm’s partner and head of geopolitics, to break down the latest news and forces driving global markets on this live edition of Macro Mondays.


Timestamps:
00:00:08 – Introduction & Market Overview
00:00:30 – Trump’s Tariff Moves: Market Implications
00:01:49 – Global Leaders Navigating U.S. Trade Policies
00:02:58 – Real Vision Sneak Peek & Macro Analysis
00:04:04 – Kanye West’s Surprising Take on Liquidity
00:06:08 – Ethereum Sentiment at Rock Bottom?
00:07:44 – The Business Cycle Outlook for 2025
00:10:07 – Manufacturing Rebound: The Key Bullish Signal
00:11:19 – Global Equities: Who’s Winning in 2025?
00:13:11 – Commodities & Inflation Trends to Watch
00:15:26 – The Impact of Trump’s Deregulation on Financials
00:19:08 – Geopolitical Risks Are Fading—What That Means
00:20:12 – The Dollar’s Future: When Will It Weaken?
00:22:48 – Tariff Wars: How Europe Might Benefit
00:25:13 – CPI Predictions & Market Expectations
00:28:17 – Key Investment Opportunities & Final Thoughts

Andreas Steno Larsen, founder, and CEO of Steno Research, is back with his co-host Mikkel Rosenvold, partner and head of geopolitics for Steno Research, to break down the latest news in markets.

📣 This episode is sponsored by TOKEN2049. Join 15,000 attendees and over 200 exhibitors from 30 April to 1 May at TOKEN2049 Dubai, the premier crypto event of the year. Raoul Pal and over 200 leading voices in crypto will take the stage, as TOKEN2049 takes over the majestic Madinat Jumeirah in Dubai.

Be part of two days of unparalleled networking, groundbreaking insights, and truly immersive experiences you won’t want to miss. With over 500 side events, Dubai will be the industry’s focal point—and the place to be for everyone in crypto this April.

Grab your tickets at dubai.token2049.com with promo code REALVISION for an exclusive 10% off—only while tickets last

📣 This episode is brought to you thank you to Consensus. Crypto’s most influential event is coming to Asia. Consensus Hong Kong 2025—the #1 destination for dealflow—will take place February 18-20. Curated by CoinDesk, this event brings together global leaders, innovators, investors, and brands in the heart of Asia’s financial hub.

With unparalleled networking opportunities and exclusive access to top decision-makers, Consensus Hong Kong is where partnerships are forged, deals are secured, and the future of digital assets is shaped. Whether you're an investor, founder, or executive, this is your chance to connect with the biggest names in the industry and make valuable connections that will drive your business forward.

👉 Don't miss your chance to be at the center of the Web3 movement. Take 15% off your registration with code REALVISION15. Register now at coindesk.com/consensus-hk to secure your spot and be part of the conversations shaping the future of crypto and digital assets.

01:46 - Macro Mondays: Global Markets and Trade Wars
3:15 - Deep Sea AI: From Major Breakthrough to Market Fizzle?
04:50 - Trade Wars: Tariffs on China, Mexico, and Canada
10:00 - Trump’s Tariff Strategy: Bluff or Real Economic Policy?
13:00 - Crypto Market Crash
15:00 - Possibility of US Capital Gains Tax and A Weaker Dollar?
18:40 - Macro Meets Micro - The Eurodollar
19:50 - European Growth Challenges: Can the EU Compete?
21:30 - High Conviction Themes: Gold, The Dollar, And Manufacturing Cycle
25:00 - How Tariffs Impact Inflation

Music license ID: WJ6TRPVHFD

Apologies for the late update - we had some technical difficulties. Remember to check out RealVision.com for your options and extended coverage.

Hosts: Mikkel Rosenvold and Andreas Steno

We preview the Trump Inauguration from a Macro perspective - AND try to take a break from all the Trump nonsense with some good old macro analysis!

Hosts: Mikkel Rosenvold and Andreas Steno

🔥 Get Raoul Pal's FREE PDF report: https://rvtv.io/3YOZZUe. Andreas is back with Raoul Pal ‪@RaoulPalTJM‬ our special guest to break it all down live…

Andreas Steno Larsen, founder and CEO of Steno Research, welcomes Real Vision co-founder and CEO Raoul Pal to break down the strength of the US dollar, inflation expectations, and the role of liquidity in driving growth.

Timestamps:
00:00 - Introduction:
01:32 - The Dollar Surge: What's Driving Currency Markets?
03:07 - Trump's Economic Strategy: Tariffs, Dollar Strength, and Negotiations"
05:20 - Monetary Policies in 2025: Echoes of 2016 and QE Predictions"
07:17 - Bitcoin and Markets: Parallels to 2017 and the Next Move
12:30 - UK Bond Market Troubles: A Canary in the Coal Mine?
15:43 - Inflation and Liquidity: Navigating the Economic Crossroads
20:40 - Retail Sales Boom: The Early Signs of Economic Revival
27:53 - Crypto’s Liquidity Role: How to Prepare for the Next Rally
33:07 - Closing Thoughts: Upcoming Events and Macro Strategies

Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities.

About Real Vision™:
We arm you with the knowledge, tools, and network to succeed on your financial journey.

Bitcoin back over 100K! Andreas & Mikkel discuss tariffs, QE, and market strategies for 2025.

Andreas Steno Larsen, founder and CEO of Steno Research, is back with his co-host Mikkel Rosenvold, partner and head of geopolitics for Steno Research, to on the key market drivers of 2025, from Trump tariffs to the recent crypto surge plus 5 trades they see working in 2025.

👉 Don't forget to get FREE ACCESS to Real Vision https://rvtv.io/3Y4t5Pw

🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com

Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities.

Andreas Steno Larsen, founder and CEO of Steno Research, is back with his co-host Mikkel Rosenvold, partner and head of geopolitics for Steno Research, to discuss the latest inflation fears and the impact of China’s stimulus plan on global trade dynamics and equity flows in the new year.