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Snowblind
Season 10 · Episode 7

Snowblind

NAB's Sally Auld expects markets to be largely unresponsive to the US President's Greenland tirade.

NAB Morning Call · NAB - The Morning Call

January 18, 202612m 18s

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Show Notes

Monday 19th January 2026


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Markets open the week a little snowblind, with investors unsure how to process President Donald Trump’s renewed interest in Greenland and the threat of tariffs on European countries that oppose the idea. NAB’s Sally Auld joins Phil to sift through the market reaction, alongside shifting expectations for the next Fed chair — with Kevin Hassett fading and Kevin Warsh now the frontrunner — plus a firmer US dollar, softer Aussie, weaker equities, rising bond yields and a yen that’s clawing back amid talk of possible intervention. China’s GDP and industrial production are due, so it Canada’s CPI, with the US closed for Martin Luther King Jr Day and the World Economic Forum kicking off in Davos.


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