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Wall Street Gets Squeezed by Twin Global Crises
Yahoo Finance· 2026-01-21 05:01
Almost anywhere Wall Streeters looked yesterday, they saw trouble. To the East, a brewing trade war with Europe over the fate of Greenland. To the West, an all-time meltdown in Japan’s bond market. The result? Equities melted, the VIX jumped, gold soared and yields on America’s own government bonds leaped to recent highs. And it couldn’t have come at a worse time for Wall Street, which somehow — we’re honestly not sure how — made it into the New Year with a newfound sense of calm and serenity. Call it a d ...