Trump recently delivered a speech at the Davos Forum, sending four core signals to the market, which are worth analyzing one by one.

First is the obvious cooling of geopolitical risks. He publicly stated that he would not use military force to resolve the Greenland issue. After the announcement, risk assets immediately rebounded. The probability data from Polymarket clearly shows the market's true reaction — the likelihood of the US annexing Greenland before 2027 dropped from 25% to 20%. Previously, the market priced in conflict expectations, but now it is gradually correcting that outlook.

Second is the further confirmation of cryptocurrency policy. Trump explicitly pointed out that GENIUS was officially launched last year, and this year’s focus is on advancing the CLARITY Act. More importantly, he elevated cryptocurrencies to the level of national strategic competition — the US aims to become a "cryptocurrency nation," and cannot fall behind in this race. This is not just political rhetoric but a formal incorporation of crypto policy into the national strategic narrative.

The monetary policy aspect also contains hidden signals. He revealed that the new Federal Reserve Chair will be announced soon, and it will be a male. The key point of this statement is not the gender itself but that personnel arrangements are already underway, which may indicate upcoming changes in the liquidity environment.

Finally, he candidly addressed the bottleneck in AI development. The US continues to lead in AI technology, but the only real constraint is electricity supply. Future efforts will focus on increasing nuclear power investments to break through energy limits.

Summarizing the essence of this speech: reduce market panic over geopolitical risks, provide long-term policy support for the crypto industry, leave enough room for imagination regarding liquidity expectations. In the short term, markets follow sentiment; in the medium term, follow policies; in the long term, rely on structural changes. How the story unfolds next depends on which of these promises is fulfilled first.