Saxo Market Call A week ahead in which a decade might happen.
15 snips
Jan 19, 2026 Tensions rise as the US considers strategic interests in Greenland, potentially reshaping US-Europe relations. The discussion uncovers Venezuelan oil revenue complexities and their geopolitical implications. There's buzz around rising US treasury yields and impacts on the market, while Taiwan pledges significant investment for semiconductor collaboration with the US. As earnings season kicks off, Netflix's upcoming report garners attention amidst a backdrop of shifting global yields and regional unrest in Iran.
AI Snips
Chapters
Transcript
Episode notes
Greenland Could Trigger A Decade-Level Break
- John Hardy frames the Greenland episode as a potential inflection point that could either cause a major transatlantic break or be resolved by a negotiated deal.
- Markets are treating the situation seriously because a rupture would disrupt NATO, trade and financial markets globally.
Multiple Paths To Trade And Energy Escalation
- Hardy outlines many credible escalation paths including retaliatory EU tariffs and an anti-coercion instrument that targets digital services.
- He also warns the US could retaliate by threatening LNG supplies, which would deeply affect European energy security.
Precious Metals Rally While Crypto Crashes
- Safe-haven metals raced higher with fresh record highs for gold and silver as markets priced geopolitical risk.
- Crypto fell sharply, showing it did not act as a portfolio diversifier during this risk-off move.