Markets took a hit as tensions between the US and Europe escalated over the Greenland controversy. Global equities sold off while investors rushed to safe havens—gold just hit record highs. The whole geopolitical standoff is bringing back memories of trade war turmoil, and frankly, that's spooking the market. When Washington and Brussels start going at it over territorial ambitions and economic control, you know it filters down to everything from equities to commodities. The fear is real: tit-for-tat tariffs could be next, which would ripple through inflation expectations and asset valuations across the board.