economy

January 21, 2026

The S&P 500 and 10-year yield pain levels that could cause Trump to rethink Greenland push

The levels that could start to appear punitive for Trump, who has used financial markets as a measure of his performance, according to Evercore ISI.

The S&P 500 and 10-year yield pain levels that could cause Trump to rethink Greenland push

TL;DR

  • The stock market rout may continue due to President Trump's tough stance on Greenland and threats of tariffs on NATO allies.
  • Trump stated he will not use force to acquire Greenland.
  • Investors expect Trump to reverse his position if financial market pain becomes too great.
  • Evercore ISI identified two levels that could prompt Trump to find an "off ramp": a 4.5% rise in the U.S. 10-year Treasury yield and a fall to 6,500 in the S&P 500.
  • Trump threatened tariffs of up to 25% on eight NATO members if Greenland is not ceded.
  • European lawmakers suspended a U.S.-E.U. trade agreement.
  • The potential for more tariffs and U.S. isolation could test Trump's financial markets pain threshold.

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