The S&P 500 futures currently trade 12 points below fair value.
President Trump is set to deliver an address at the World Economic Forum in Davos momentarily.
The market will look for any commentary regarding the president's stance towards Greenland and any additional tariffs towards NATO members that oppose an acquisition.
The New York Times reported that the Pentagon has not been asked to prepare for a Greenland invasion, though President Trump has not ruled out the use of force.