Market Insights Summary - January 9, 2026

The latest episode of the Saxo Market Call podcast, hosted by John J. Hardy, delves into the current market dynamics, highlighting a notable divergence between weak technology stocks and a robust overall market performance. The discussion raises questions about the underlying factors driving this trend.

A significant focus of the podcast is on geopolitical developments, particularly the situation in Iran, which is anticipated to have substantial implications if the current regime is overthrown. The potential for increased volatility in the region is a key concern for investors.

Additionally, the podcast addresses the U.S. dollar's performance in light of the upcoming jobs report. There is speculation about whether the dollar, which has been relatively stagnant, might experience a resurgence if macroeconomic trades gain momentum following the report's release.

The episode emphasizes the importance of staying informed about these developments as they could significantly impact trading strategies and investment decisions in the near future.

For those interested in a deeper analysis, the full episode is available for listening on various podcast platforms.