Omo, e be like say market don waka enter serious wahala again! As Monday don land, equities, oil and precious metals don all gree fall like say dem dey play football without referee. Na so we see as investors carry their wahala come back from last week rollercoaster ride as dem dey check market heavyweights and reasons wey dey affect interest rates for America.
Last week, markets just dey shine like fresh jollof for party as everybody dey glee over AI wahala wey be big news for stock market. But na suddenly, e be like say na dem big guys wey dey cash out wey start to show worry, as dem dey fear say tech bubble fit burst anytime soon. Investors dey wonder when dem go see return for the big mulla wey dem don inject into tech.
As Microsoft come drop bombshell about their plan to spend serious dollars on AI infrastructure, na so market start dey shiver again. South Korea, wey dey hot with tech companies, gree drop more than five percent, with SK Hynix and Samsung no fit stand ground again.
Japan no dey miss out too, as Tokyo join the party of losses, dropping more than one percent. Even TSMC for Taipei no gree do am right as dem lose about two percent. Hong Kong, Shanghai, Sydney, and plenty other big markets join for the fall. Jakarta join the sport too, as dem dey fear about foreign investor money fit waka go front na so dem market take drop five percent.
On top this matter, oil prices dey hear belle for the news as US-Iran issue don calm down small. Both crude contracts gree drop by more than four percent after Trump show hope say e go fit reach agreement with Iran to avoid wahala. But you know say when military threat dey, money dey run like cheetah, and oil eh, e dey grease am! Na why oil prices comot go down.
But the matter no just end for oil. Trump don tap Kevin Warsh to be Fed Chairman wey go dey chop money for central bank. People dey look Warsh as person wey fit fight inflation very well. Na this move make dollar bounce back. As dollar dey gain ground, gold and silver no fit stand as dem gree lose as much as twelve and thirty percent respectively on Friday.
Omo, you fit wonder why gold dey drop like rain for bad weather. Dem say gold don fall reach as low as $4,586 while silver don dey hover around $75. Dem say e go fit recover small small, but truth be say, nobody dey smile for market right now!
In conclusion, with all these market wahala, make we dey shine our eyes well-well. As the market dey hot like pepper soup, e good make we dey follow everywhere e go! Just dey watch as the drama dey unfold.
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