Rates, Risks, and Reality | Macro Mondays: Jan. 26, 2026

Watch on YouTube ↗  |  January 26, 2026 at 15:14  |  14:06  |  Real Vision
Speakers
Mikkel Rosenvold — Co-founder, Nordic Blockchain Association

Summary

Mikkel Rosenvold's Macro Mondays from Miami reviews Davos geopolitics, including the de-escalation of Greenland and the shift toward a bipolar US-China order. He sees near-term Ukraine peace as unlikely, so the model portfolio is expanding into European independence while keeping Ukraine reconstruction as a conditional watch. In commodities, he has exited silver after its frenzied move above $100 and expects a rotation into copper; on rates, he expects no cut this week but sees summer cuts as likely.

  • Davos 2026 highlighted geopolitical shifts, with Greenland de-escalating and middle powers seeking independent paths.
  • Speaker sees a secular move from a unipolar to a bipolar US-China world order.
  • Ukraine peace is not expected near term; European independence replaces Ukraine rebuilding in the model portfolio.
  • European independence spans defense, cloud/computing/software, critical infrastructure, and energy.
  • Silver has surged above $100; speaker exited positions and expects rotation into copper.
  • Fed is expected to hold this week, but inflation under control and lukewarm jobs could allow summer cuts.
Ideas
Mikkel Rosenvold Co-founder, Nordic Blockchain Association 10:54
Silver frenzy; exited positions.
Silver has broken $100 and is in an enormous, frenzied rally with a substantial fundamental case, but he exited silver positions because the move is too hot and he expects a rotation toward copper; he admits the frenzy could continue for days or weeks.
SILVER HIGH
Mikkel Rosenvold Co-founder, Nordic Blockchain Association 11:29
Rotate from silver to copper.
Copper is the best bet for the next rotation from silver, because silver is now too expensive for industrial users such as solar-panel producers, and both speculators and industry are shifting toward copper alternatives over weeks and months.
COPPER HIGH
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This Real Vision video, published January 26, 2026, features Mikkel Rosenvold discussing SILVER, COPPER. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mikkel Rosenvold  · Tickers: SILVER, COPPER