Jan. 14 at 9:50 PM
PickAlpha Midday-
Denmark + Greenland signaled their Washington meeting with US officials “went well,” and the parties are moving into a working-group format — even as Denmark reiterates there’s still a “fundamental disagreement” on any takeover. Translation: less headline drama, more paperwork… which is where outcomes get locked in.
Tickers:
$LMT $NOC $FCX
Our view is this reinforces our most recent Deep Dive thesis — a formal sovereignty transfer is hard to execute, but a “deal architecture” is highly executable: expanded US access, longer-duration security commitments, and investment-linked control over infrastructure and critical resources. If the working group starts producing concrete deliverables (base access terms, build plans, funding, minerals/infrastructure packages), we see that as an incremental catalyst for the Arctic-defense + critical-minerals basket; if it stays optics-only, the theme consolidates, not breaks.
