Morning Report 21 Jan 26: 'Sell America' trade wipes out S&P 500’s 2026 gains

Wall Street slid to a three-week low as the Greenland dispute sparked a global sell-off, with the 'Sell America' trade erasing the S&P 500’s 2026 gains. Long-dated US bonds fell on fresh tariff threats from Donald Trump, while Japanese markets also sold off. Across Europe, shares ended lower after Trump flagged tariffs on French wine and champagne. In commodities, gold surged to a record above US$4,700 an ounce and back home, Aussie shares are expected to fall on Wednesday as renewed rate-hike jitters spook investors. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.