🚀 Trump's Denmark Deal

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Market Overview
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Year To Date Performances:

1. The geopolitical standoff over Greenland has taken a decisive turn following President Trump’s high-stakes appearance at the World Economic Forum in Davos. The President announced a "framework deal" reached with NATO Secretary-General Mark Rutte, effectively ending the immediate threat of a trade war with Europe. In exchange for dropping the 10-25% tariffs on eight NATO allies, including Denmark, the U.K., and France, the administration has secured a pathway for a permanent U.S. presence in Greenland focused on two pillars: mineral extraction and the construction of the "Golden Dome" missile defence system.

2. In a move that has stunned tax experts and housing advocates alike, President Trump proposed a fundamental shift in the American tax code. He suggested that personal residences should be eligible for the same depreciation tax deductions currently available only to corporations and rental property owners. Under current IRS rules, businesses can write off the cost of a building over 27.5 or 39 years to account for wear and tear, but individual homeowners are barred from this benefit unless they use a portion of their home for business. Trump framed the proposal as a matter of "fairness," arguing that American families should have the same wealth-building tools as "Wall Street landlords."

3. Procter & Gamble (P&G) reported mixed results for its fiscal second quarter on Thursday, highlighting a growing divide between its "prestige" beauty brands and its core household staples. While the company exceeded earnings-per-share estimates, reaching $1.88 adjusted, its revenue of $22.21 billion fell slightly short of Wall Street’s expectations. The quarter was defined by a 1% decline in shipment volumes, as high prices and a "cautious consumer" environment led to shrinking demand for everyday necessities like diapers and razors. This trend prompted the consumer giant to slash its full-year net earnings growth forecast to 1%–6% (down from 3%–9%), primarily due to a massive $1.6 billion restructuring plan to cut 7,000 non-manufacturing jobs by 2027.

   Headlines

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   2. Blue Origin is launching a satellite internet service to compete with SpaceX.