^GSPC Today January 22: Tariff Pause Hinted as Greenland Deal Looms
The Davos Greenland deal moved front and center today, with President Trump signaling a security‑focused framework and a tariff suspension slated for February 1. For Hong Kong investors, that removes near‑term trade risk and supports risk assets. The S&P 500 today is firmer, with ^GSPC at 6875.61, up 1.16%. We break down what was said, how price action lines up across key indicators, and how to position from Hong Kong with clear levels, timing, and policy watchpoints.
Tariff Pause and Security Angle
President Trump told media in Davos that a framework with Greenland is progressing and tariffs due on February 1 will be suspended. He also called the pact “forever” and security‑focused, according to CNBC remarks cited by German outlets. See live Davos coverage at source and the “forever” comment at source. The Davos Greenland deal reduces headline risk into WEF Davos 2026.
A tariff suspension headline typically supports cyclicals and tech. The S&P 500 today reflects that tone: price 6875.61, up 78.74 points or 1.16%, after opening 6810.71 and ranging between 6804.96 and 6910.39. Year high sits at 6986.33. The Davos Greenland deal adds a policy tailwind that could sustain dips while traders watch confirmation of formal orders.
S&P 500 Today: Levels and Signals
Price sits near the 50‑day average at 6829.731 and above the 200‑day at 6361.431. Bollinger bands are 6752.45 to 6980.35 with a 6866.40 center. Upper Keltner is 6988.14. Intraday high 6910.39 lines up as first resistance; the 6980–6988 zone and the 6986.33 year high form a heavier ceiling. The Davos Greenland deal helps buyers defend 6805.
RSI is 57.52, constructive but not overbought. MACD at 31.73 over a 28.95 signal gives a 2.78 histogram. Stochastic %K at 86.97 flags short‑term strength; ADX at 12.18 says trend is still weak. ATR is 59.05 points, framing risk. Money Flow Index at 66.73 and OBV firmness back the move as the Davos Greenland deal steadies sentiment.
Implications for Hong Kong Investors
For Hong Kong, a tariff suspension reduces export uncertainty on US‑bound goods routed through regional supply chains. That supports cash flows for HK‑listed manufacturers and shippers. The HKD peg keeps currency swings limited, so equity beta will carry most of the impact. If the Davos Greenland deal holds into WEF Davos 2026, trade policy shock should ease.
Consider gradual adds to US cyclicals and semis via diversified exposure tied to the S&P 500 today, while keeping risk controls near ATR bands. Favor high‑quality HK names with US demand. Maintain USD exposure for hedging if needed. The Davos Greenland deal is supportive, but avoid chasing into resistance near 6980–6988 until a clean breakout.
What Could Change the Picture
The tariff pause is a headline until an official order is published. Any delay, narrower scope, or reversal would flip the signal. Markets will also parse the security focus of the Davos Greenland deal for supply‑chain or defense implications. Traders should track whether February 1 terms are confirmed and if scope expands beyond initial remarks.
Watch formal statements from US and Greenland authorities following WEF sessions for legal specifics. Earnings updates and guidance on global demand can validate the risk‑on move. On price, a firm close above 6910 and follow‑through toward 6986.33 would confirm momentum. Failure back below 6805 would argue the Davos Greenland deal bump was brief.
Final Thoughts
A credible tariff suspension tied to a security‑oriented Davos Greenland deal offers near‑term relief for risk assets. For Hong Kong investors, that means a constructive backdrop for US cyclicals and HK exporters, with currency risk limited by the peg. Tactically, respect resistance at 6910 and the 6980–6988 zone around the 6986.33 year high. Use ATR near 59 points to size stops and targets. Momentum is improving but trend remains young, so add on pullbacks above the 50‑day at 6829.731. Stay alert for a formal order confirming the tariff pause and any details that widen or narrow the scope. If confirmed, dips are buyable; if not, tighten risk quickly.
FAQs
What is the Davos Greenland deal?
It refers to President Trump’s statement in Davos that a security‑focused framework with Greenland is progressing. He also indicated tariffs due on February 1 would be suspended. The signal reduces near‑term trade risk and supports risk assets while markets wait for a formal order and legal details.
How does the tariff suspension affect the S&P 500 today?
It eases trade uncertainty, helping buyers push prices higher. The S&P 500 is at 6875.61, up 78.74 points or 1.16%, trading between 6804.96 and 6910.39. If a formal order confirms the pause, bulls may test 6980–6988 and the 6986.33 year high. A reversal would likely hit cyclicals first.
What should Hong Kong investors watch next?
Focus on an official tariff order, scope, and timing. Track price confirmation above 6910 and whether pullbacks hold the 50‑day at 6829.731. Watch US earnings for demand signals. If the Davos Greenland deal is formalized, consider adding to US cyclicals and HK exporters, while keeping stops near ATR of 59 points.
Does the Air Force One delay change the outlook?
No. Reports indicate the delay was logistical, not policy‑related. Markets care more about a formal tariff suspension and legal terms of the Davos Greenland deal. Unless the delay signals a change in policy messaging, the price action should continue to track confirmation risk and earnings data.
What are the key technical signals now?
RSI at 57.52 and a positive MACD histogram of 2.78 show improving momentum, while ADX at 12.18 says trend strength is still modest. ATR at 59.05 frames risk. Bulls want closes above 6910 and 6980–6988, with support near 6805 and the 50‑day average at 6829.731.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
