One thing that has been standing out to me is the Greenland debacle. Pressure for increased NATO spending = more investment in military & arms companies. Trump's propensity to U-turn = general market instability. General issue over "rare earth" minerals and China's dominance in that market. But also the shifting alliances as Canada cozes up to China for trade and the USA is seen as an unstable ally. Although Trump has reversed on the tariffs, this was an indication that the so-called Western alliance might not be on steady ground for much longer.