All eyes were on Davos 2026, where geopolitics and trade dominated the agenda as President Donald Trump delivered a wide-ranging address on tariffs, security, AI, and Greenland, a sign that Arctic strategy has moved into the global economic mainstream. Financial regulation also took centre stage when JPMorgan CEO Jamie Dimon warned that Trump’s proposal to cap credit card interest rates at 10% would be an economic disaster that could greatly restrict consumer credit and radiate through the broader economy. Alongside this, attention turned to Greenland’s strategic value, where claims of a “PayPal cartel” are better understood as growing alignment between tech-sector capital, critical minerals, and geopolitical influence rather than a formal conspiracy. Reporting highlights that major investors and tech power brokers have backed ventures tied to Greenland’s resource potential, reinforcing links between private capital and state strategy.
EQUITY
Wall Street anxiety was relieved after stocks recovered since President Trump cooled his rhetoric tensions over Greenland, ruling out military force and scrapping threatened tariffs on Europe following a preliminary NATO deal. Tech giants like Intel and Micron led the charge, though Moderna topped the chart with their new melanoma vaccine mid-stage study showing promising results.
GOLD
Gold prices hit the brake at below $4,800 as geopolitical tensions ease, trimming the metal’s record-breaking rally. However, deepening institutional demand from ETF holdings and new "debasement-hedging" channels continues to support gold’s fundamental ascent. With Goldman Sachs now forecasting $5,400 by late 2026 and strong technical momentum inevitable to test $5,000 resistance, investors can't help but wonder if there is a systematic collapse looming.
OIL
Crude oil rebounded after fears of a transatlantic trade war that could cripple energy demand subsided. This optimism was amplified by surprise supply constraints, including force majeure halting output at major Kazakh oilfields and sluggish Venezuelan export recovery, which temporarily countered bearish pressures from rising U.S. inventories and the IEA's warning of a significant 2026 supply surplus.
CURRENCY
The U.S. dollar stopped crashing on President Trump's threats of tariffs and violence against European nations opposing his Greenland acquisition ambitions, restoring whatever little trust was left in the dollar. Treasury yields recovered, with long-term yield pulling back before the 30-year could hit the 5% psychological ceiling. Analysts warn that while the dollar found temporary stability, unresolved fiscal challenges, from Japan’s loose monetary stance to potential dovish shifts at the Fed, could reignite volatility.
