深夜，全线大跌！外围，“大风暴”突袭

Market Overview - The U.S. stock market experienced significant declines on January 20, with the Dow Jones falling by 1.28%, the S&P 500 down by 1.33%, and the Nasdaq dropping by 1.59% [1][2] - European markets also faced sharp declines, with major indices such as the Euro Stoxx 50, DAX 30, FTSE 100, and CAC 40 all falling over 1% [1][2] - The VIX index, which measures market volatility, surged by over 27%, indicating increased investor fear [1] U.S. Policy Impact - President Trump's aggressive stance on tariffs, particularly regarding the acquisition of Greenland, has reignited fears of a potential trade war between the U.S. and Europe [1][2] - The European Commission President stated that Denmark's sovereignty over Greenland is non-negotiable, further complicating the situation [2] Japan's Economic Situation - Japan's political landscape has become unstable, with Prime Minister Kishi's proposal to lower food taxes facing significant opposition, leading to a spike in Japanese bond yields [2][3] - The 30-year Japanese government bond yield reached 3.875%, while the 40-year yield hit 4.215%, marking historical highs [2] Investment Strategies - The Danish pension fund AkademikerPension announced plans to liquidate its U.S. Treasury holdings by the end of the month due to concerns over credit risks associated with U.S. policies [3] - Analysts suggest that the Bank of Japan may need to accelerate interest rate hikes and consider emergency bond purchases to stabilize the market [3] Market Predictions - JPMorgan's international market intelligence team views the current market turmoil as a strategic negotiation tactic by the U.S. rather than a fundamental crisis [4] - The firm anticipates that a resolution may emerge during the World Economic Forum in Davos, with a potential agreement that allows the U.S. to enhance its presence in Greenland while respecting Danish sovereignty [5] - JPMorgan analysts believe that the likelihood of extreme outcomes, such as the sale of Greenland or military invasion, is very low, suggesting that the market should not overreact to current tariff threats [5]