**Friday, Jan 9, 2026** can be one of the most volatile days so far. Two major events are coming, and both can move **stocks, bonds, and the USD** very fast.
Here’s what I’m watching 👇
📉 **1️⃣ December US Jobs Report (NFP) – 8:30 AM ET**
Markets are expecting around **+70K jobs**, so even a small surprise can shake the market.
• **Weak data** → recession fears + faster rate cut expectations
• **Strong data** → Fed stays tight + pressure on stocks
This report alone can change market direction instantly.
⚖️ **2️⃣ Supreme Court Tariff Decision**
This is the biggest uncertainty.
The court may decide on the government’s **emergency tariff powers**, which directly affect **inflation and Fed policy**.
• **Tariffs stay** → inflation risk remains, USD stays strong
• **Tariffs removed** → relief rally in stocks + Fed expectations shift
This decision can completely change the macro outlook.
📊 **Bottom Line**
S&P 500 is near **6,920**, and the market is tightly compressed.
The next move — **new highs or a sharp pullback** — will likely come from these two events.
⚠️ Volatility is coming.
⚠️ Risk management matters.
Are you protected… or just going with the flow? 🌊
#MarketUpdate #CPIWatch #USNonFarmPayrollReport #USTradeDeficitShrink #TRUMP
