Contagion risk is rising as the unwind of momentum trades is increasingly weighing on broader risk sentiment with traders rapidly repricing AI-tailwinds and digital future.

A downtrend in cryptocurrencies bodes ill for risk assets as trading gets underway this week. US equities futures look weak amid Trump's tariff threats on Canada & a possible US government shutdown on 31st Jan.

The sharp move higher in US assets tonight after President Donald Trump cited a “framework of a future deal” on Greenland signals the sharp market reversals that were a hallmark of the first year of Trump’s second term are alive and well.

Japan’s policy framework is coming under renewed strain, with rising JGB volatility and a weak yen sharpening a trade-off that markets believe authorities can no longer avoid.

Risk off globally happening today opening across asset classes post the US tariffs announcement on EU wrt Greenland issue.. Equities are down, Gold & Silver are up, Crypto is down, DXY is lower & EUR & JPY are acting as safe haven fx for the time being.

Bitcoin has broken through $97,000 and hit a two-month high, as flows for the largest exchange-traded fund for the cryptocurrency turned positive.