All three major U.S. equity averages posted losses of 0.5% or less last week, marking their first back-to-back declines of the new year. While reversing much of the S&P 500’s 2% drop on Tuesday, Wall Street was whipsawed after President Trump threatened new European tariffs to gain support for his aim to acquire Greenland. Trump later reversed his tariff pledge after reaching an “in-principle” framework agreement with NATO Secretary General Rutte at the Davos World Economic Forum.