Denmark
Biography
Steen Jakobsen has more than 25 years of experience within the fields of proprietary trading and alternative investment. After finishing his studies in Economics at Copenhagen University in 1989, he started his career at Citibank N.A. Copenhagen from where he moved to Hafnia Merchant Bank as Director, Head of Sales and Options. In 1992, he joined Chase Manhattan in London as VP, Head of Scandinavian Sales, and then the Chase Manhattan Proprietary Trading Group. From 1995-1997 he worked as a Proprietary Trader and Head of Flow Desk at Swiss Bank Corp., London. In 1997, he became Global Head of Trading, FX and Options at Christiania (now Nordea) in New York until he joined UBS in New York in 1999 as the Executive Director in the Global Proprietary Group. He joined Saxo Bank in 2000 and after a brief departure to Limus Capital Partners, where he was Chief Investment Officer for two years, he returned to the bank in 2011 as Chief Investment Officer
Follow me on

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Investment Research
- Full disclaimer

1798 FOLLOWERS
Write a Squawk to Steen Jakobsen
  • Saxo TV / Friday at 11:52 GMT

    Jakobsen: Warning! US slow down ahead

    Steen Jakobsen
    Saxo Bank's Chief Economist Steen Jakobsen is warning of a sharp US GDP slowdown with QoQ growth to hit zero by Q3 or Q4. Despite stock market peaks and optimistic sentiment, Steen sees worsening US data as the warm up act for a new stage in the economy.
    watch video
  • Article / Thursday at 14:03 GMT

    Macro Digest: Up close and nasty – US slowdown looms

    Chief Economist & CIO / Saxo Bank
    Denmark
    Macro Digest: Up close and nasty – US slowdown looms
    Let's face facts– the US is getting closer every week to grinding to an economic halt. I expect Q4 GDP to be revised downwards tomorrow and I also expect growth to hit a big fat zero later this year. Handing the growth baton over to Europe and Emerging Markets might sound like a solution but the problem is that neither could carry the load.
    Read the article
    19h
    JoseRicaurte JoseRicaurte
    Just an excellent article!
  • Squawk / 18 February 2015 at 18:35 GMT
    Chief Economist & CIO / Saxo Bank
    Denmark
    Why shorting the stock market is so hard - Overview of BULL and BEAR market since 1870s

    Chart of my expected path for this year

    Stock market is 27% cheap acc. to Mads and Peter model

    Finally, in "normal times" stock market is expensive, but this is hardly normal times....
    Read the Squawk
    18 February
    fxtime fxtime
    Do you expect copper to track the same path as your suggested spx route?
    18 February
    Steen Thaulow Olsen Steen Thaulow Olsen
    "Futile"; yes- and then some. If you do short the market, even in crash-like conditions, political manipulation is a huge risk. Best example 2008 when Bush and...
  • Article / 18 February 2015 at 14:33 GMT

    S&P 500 to hit 2,500 in 2015

    Head of Equity Strategy / Saxo Bank
    Denmark
    S&P 500 to hit 2,500 in 2015
    S&P 500 has historically been an unstoppable force on a relentless quest towards higher values gaining 11.3% annualised since 1945. If we step back from valuations and just accept what the market gives, the S&P 500 is significantly below its long-term trend growth line and we predict S&P 500 hitting 2,500 this year.
    Read the article
    19 February
    niklasb niklasb
    Great, simple analysis! Thx :)
    19 February
    MrScalper MrScalper
    peter, to where sp500 has yet to decline before rallying in 2500?
    6d
    fxtime fxtime
    #MrScalper that is the crux question...2045??
  • Saxo TV / 17 February 2015 at 14:43 GMT

    When is it time to panic over Greece?

    Steen Jakobsen
    Markets have reacted calmly to a breakdown in talks between Greece and its creditors on its debt bailout, remaining confident that a deal is within reach. But they may be in for a surprise as Greece and the rest of the euro zone seem to be further apart than ever, says Saxo Bank’s Chief Economist Steen Jakobsen.
    watch video
  • Squawk / 13 February 2015 at 18:09 GMT
    -
    United States
    Hi Steen, you do great work! Thank you. Question: Are you buying more Treasuries on this decline and are you leaning more toward 10's or 30's?
    Read the Squawk
  • Article / 10 February 2015 at 14:28 GMT

    Macro Digest: Reasons to be fearful, here's three

    Chief Economist & CIO / Saxo Bank
    Denmark
    Macro Digest: Reasons to be fearful, here's three
    This week we've got a whole bunch of stress indicators that even individually would be worrying. But – converging as they do in the same week – the questions surrounding the Danish krone peg, Fed rate policy and the possibility of a Greek exit from the euro are all the more urgent. It's time to be nimble!
    Read the article
    11 February
    JoseRicaurte JoseRicaurte
    Great article!
    14 February
    andy capp andy capp
    Steen
    Thanks for these useful comments on DKK: if DKK moves off the peg to Deutschmark/EUR as Swiss did, what is the effect on USD/DKK?
    Regards
    16 February
    Colin789 Colin789
    Hi Steen,

    Two questions:
    1. Are those moves in the break even rates caused by a bounce in energy (assuming its a bounce) rather than a structural change?
    2....
Show latest activity
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail