**Friday, Jan 9, 2026**, is shaping up to be **one of the most volatile trading days of the year** so far.
Two **back-to-back Black Swan–level events** are about to hit the markets — and **stocks, bonds, and the dollar** are all at risk of sharp moves.
Here’s what everyone must watch 👇
📉 **1️⃣ December Jobs Report — 8:30 AM ET**
Wall Street is bracing for the **Non-Farm Payrolls** release.
* **Consensus:** +70K jobs
* Any major surprise will **immediately shift Fed rate expectations**
🔻 **Cold report:**
→ Recession fears spike
→ Rate-cut bets surge
🔺 **Hot report:**
→ Inflation concerns return
→ Rate-cut hopes get crushed
⚖️ **2️⃣ Supreme Court Tariff Ruling — THE BIG ONE**
The Court is expected to rule on the **legality of emergency tariff powers**.
🔺 **If tariffs are UPHELD:**
→ Inflation pressure stays
→ USD strengthens
→ Risk assets face headwinds
🔻 **If tariffs are STRUCK DOWN:**
→ Massive relief rally possible
→ Equities explode higher
→ Fed policy expectations pivot fast
📊 **MARKET SETUP**
* **S&P 500 hovering near 6,920**
* Market is **coiled like a spring**
* Breakout to new highs **or** sharp correction — outcome hinges on these two headlines
🧠 **BOTTOM LINE**
This is not a normal trading day.
Volatility is almost guaranteed.
❓ **Are you hedged — or riding the wave?**
#Markets #Macro #Stocks #SP500 #BreakingNews $ZEC $ZKC $XRP