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Global Daily: (Grand)Dad's Not Much of an Army

16 January 2026 4:42 RaboResearch

As the second trading week of 2026 closes out it’s clear that while we see ebbs and flows of geopolitical developments, the trend is clearly towards bigger problems all over. Yet just because there can be ebbs, many in markets still fail to grasp how serious the underlying implications of these flows actually are.

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Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more