Worldwide Exchange Signs of Stability, Gold Records, Trump Heads to Davos 1/21/26
Jan 21, 2026
Steve Witkoff, a special envoy engaged in international diplomacy, shares insights from Davos on peace initiatives concerning Russia-Ukraine and Gaza. Juliana Tettelbaum provides valuable market updates, discussing European trading vulnerabilities amid investor jitters linked to President Trump's return to Davos. They explore gold's record highs as a safe haven in a volatile market and the potential impacts of geopolitical tensions on investments. Witkoff's perspective on diplomatic advancements is particularly thought-provoking.
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Geopolitics Driving Market Volatility
- Geopolitical moves are driving markets as much as economic data right now.
- Gold and silver hit record highs while VIX and long-term yields spike on Greenland and trade tensions.
Asia's Markets Diverge On Bond Moves
- Asian markets reacted unevenly with Korea rallying and Japan lagging amid rising yields.
- Bank of Japan policy and potential snap election are key risks for regional equity flows.
Scale Makes Growth Harder For Big Tech
- Tech earnings reflect growth slowing as scale increases, raising deal importance.
- Netflix's outlook made the Warner deal material to reaccelerate subscriber growth.