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 major indices such as the Dow Jones falling by 1.28%, the S&P 500 by 1.33%, and the Nasdaq by 1.59% [1][2] - European markets also faced sharp declines, with the Euro Stoxx 50, DAX 30, FTSE 100, and CAC 40 all dropping over 1% [1][2] - The VIX index, a measure of 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 also contributed to market instability, with Prime Minister Kishi's proposal to lower food taxes facing backlash, 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%, both marking historical highs [2] Investment Strategies - 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 or initiate emergency bond purchases to stabilize the market [3] Market Predictions - JPMorgan's analysis indicates that the current market turmoil should be viewed as a negotiation tactic rather than a fundamental crisis, with potential resolutions emerging during the World Economic Forum [4][5] - The firm anticipates that a negotiated agreement will likely be reached, allowing the U.S. to enhance its presence in Greenland while Denmark retains sovereignty [5]