Stock markets began to rally after U.S. President Donald Trump spoke in Davos on Wednesday. While Trump continued to express desire to control Greenland, he claimed he wouldn’t use force and was instead looking to negotiate.
Stock markets bounced back as Trump spoke in Davos. The speech was at times menacing and at times rambling. But investors have glommed onto one key line in the speech: Trump said he would not use force to acquire Greenland.
Investors drove stocks higher after a sell off yesterday.
Trump sent out market signals again, saying: “Our stock market dip is peanuts. That stock market is going to be doubled. The Dow is going to hit 50,000 and double to 100,000 in a relatively short period of time.”