A.M. Update

S&P futures are down -1.5%, Nasdaq-100 -1.8% and Russell 2000 -1.8% as markets fixate on President Trump’s escalating Greenland demands and trade threats against Europe. He threatened 10% tariffs (Feb. 1) rising to 25% (June 1) on eight NATO allies (Denmark, Germany, France, UK, Norway, Sweden, Netherlands, Finland) unless the US acquires Greenland. Overnight, he…