What now after the "biblical vol reset"?

Today, a look at the US market completing one of its most remarkable comebacks ever as it ramped off recently lows to hit new all time highs in such quick order, even as high oil prices linger. We note the types of names that advanced and the lack of market breadth, wondering how the market will develop from here now that volatility has been crushed and with the heart of earnings season on tap over the next two weeks. Also, a look at the remaining questions over Iran, latest action in currencies and much more. Today's pod is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on today's podcast and our Chart of the Day can be found on the John J. Hardy substack (within two to four hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here . Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo . Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

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What now after the "biblical vol reset"? is an episode from Saxo Market Call by SaxoStrats.

This episode is 22:09 long.

This episode was published on Apr 16, 2026.

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