FED LIQUIDITYReserve balances, repo dynamics and front-end funding volatility back at the centre of the macro debate•
US EQUITIESMega-cap index concentration stays extreme as leadership narrows to a handful of AI-linked names•
PRECIOUS METALSGold holds near record highs as central-bank buying and fiscal deficits underpin hard-asset demand•
CHINA POLICYBeijing stimulus and balance-sheet repair remain the swing factor for global trade and EM risk•
FX & RATESDollar cyclicality and rate-cut pricing drive the G10 carry and cross-asset positioning debate•
CREDITPrivate-credit spreads and liability-management activity keep restructuring desks fully occupied•
FED LIQUIDITYReserve balances, repo dynamics and front-end funding volatility back at the centre of the macro debate•
US EQUITIESMega-cap index concentration stays extreme as leadership narrows to a handful of AI-linked names•
PRECIOUS METALSGold holds near record highs as central-bank buying and fiscal deficits underpin hard-asset demand•
CHINA POLICYBeijing stimulus and balance-sheet repair remain the swing factor for global trade and EM risk•
FX & RATESDollar cyclicality and rate-cut pricing drive the G10 carry and cross-asset positioning debate•
CREDITPrivate-credit spreads and liability-management activity keep restructuring desks fully occupied•
Directory/Alternatives/Steno Research
12 Alternatives Ranked

Steno Research Alternatives

Steno Research is an independent mixed publication covering Macro regime, rates & FX allocation, priced at ~$29/mo with an access model of Paid Subscription. The desks below overlap with it on category, tags or asset class and are ranked on the same Research Authority scale. Nothing here is paid placement.

Data verified 2026-10-04 · 12 desks ranked · independent scoring

#1USMixed86/100

Capital Flows Research

Global Capital Flows, Rates & FX Plumbing

Niche · global capital flows, rates & FX

MacroFXFixed Income
Paid — price not listed
2023
Visit
#2ITAnalysis95/100

The Macro Compass

Macro Insights, Liquidity & Portfolio Strategy

Niche · Global liquidity, bonds & asset allocation

MacroFixed Income
~$33/mo · $399/yr
2021
Visit
#3USAnalysis91/100

The Fed Guy

Federal Reserve Plumbing & Money Markets

Niche · Fed operations & money markets

Fixed IncomeMacro
~$30/mo
2021
Visit
#4GBAnalysis95/100

Conks

Global Monetary Mechanics & Funding Markets

Niche · Monetary dynamics & repo plumbing

MacroFixed Income
~$20/mo · $200/yr
2020
Visit
#5GBMixed90/100

Lord Fed's Gazette

Macro Regime & Cross-Asset Trade Setups

Niche · macro regime & cross-asset trade setups

Multi-AssetMacroFX
$90/mo · $900/yr
—
Visit
#6ATAnalysis84/100

The Weekly Wintersberger

Weekly Macro Notes, Rates & Cross-Asset Cycles

Niche · weekly macro notes, rates & cross-asset cycles

MacroFixed IncomeCommodities
Free + paid tiers
—
Visit
#7USAnalysis83/100

Exante Data

Flow-Tracking Macro Research

Niche · flow-tracking macro research

MacroFX
Institutional (quote)
1990
Visit
#8USAnalysis83/100

Continuum Economics

Global Macro & Central-Bank Research

Niche · global macro & central-bank research

MacroFixed Income
Institutional (quote)
1990
Visit
#9CNAnalysis78/100

China Cross-Border Monitor

China Capital Flows & Markets

Niche · China capital flows & markets

MacroFixed Income
~$300/yr
2019
Visit
#10GBMixed82/100

Macro Hive

Macro & FX Strategy Research

Niche · macro & FX strategy

MacroFXFixed Income
Free + paid tiers
2018
Visit
#11USMixed88/100

42 Macro

Global Macro Risk Management

Niche · Global macro risk & positioning

MacroFixed Income
~$99/mo
2018
Visit
#12GBMixed85/100

AP Research

Cross-Asset Macro & Thematic Allocation

Niche · cross-asset macro & thematic allocation

Multi-AssetFX
Paid — price not listed
2021
Visit

Frequently asked questions

What are the best alternatives to Steno Research?

Capital Flows Research is the nearest match on category, tags and asset class, followed by The Macro Compass. The list above ranks 12 overlapping desks by Research Authority Score, which weights primary-source rigour (35%), niche depth (25%), track record (15%), institutional adoption (15%) and transparency (10%).

Is there a free alternative to Steno Research?

Yes — The Macro Compass, The Fed Guy, Conks and 4 more publish free or freemium coverage in the same area. Freemium desks are the cheapest way to test whether this niche is worth paying for at all.

What is the closest alternative to Steno Research?

Capital Flows Research shares the most overlap with Steno Research on tags, category and asset classes, and is priced at Paid — price not listed against Steno Research's ~$29/mo. Closeness here is measured only on indexed attributes, so it is a coverage match rather than a stylistic one: read both free tiers before switching.

How do I choose between Steno Research and its alternatives?

Match the desk to the decision you actually make, then check three things: the asset class it covers, whether it publishes analysis or actionable positioning, and how long it has been running. Steno Research publishes mixed-style work on Macro regime, rates & FX allocation and has been running since 2022; the desks above are ranked on the same basis, so vintage and format are directly comparable.