In January 2026, Swiss investor sentiment witnessed a significant downturn, as the sentiment index plunged by 10.9 points to reach -4.7, marking its lowest point since October. This decline was largely attributed to rising tensions between the EU and the US concerning Greenland, sparking fears of increased tariffs on certain European nations. Additionally, the current conditions index dropped from 16.6 in December 2025 to 0.0. The survey revealed a substantial decline in expectations for the US economy, with two-thirds of analysts predicting a worsening economic outlook.