Markets Whipsawed by Tariffs—Then Back to Drift – January 23, 2026

Good morning, Happy Friday. This week began largely as expected following the holiday-weekend headlines around new tariffs tied to potential U.S. control of Greenland. On Tuesday, the S&P 500 Index fell just over 2%, alongside declines across all major U.S. equity indexes—the largest one-day drop since last April’s tariff tantrum. By the end of Tuesday, […]