Naira to Nasdaq: Why Yesterday’s Market Crash Should Matter to You
A TON of Things Happened on Wall Street (and Yes, You Should Care)
Tagline: WALL STREET NEVER SLEEPS.
Yesterday, the stock market did something dramatic. Again.
If the Nigerian stock market threw a tantrum, we’d just say “na normal thing.” But when Wall Street sneezes, the global financial system catches cold including your wallet, if you know what you’re doing.
Let me tell you a short story.
Back in 2017, I had a client we’ll call him Tunde who used to say, “Abeg, I no get time for all those American stocks. Wetin concern me with Tesla or Palantir?”
Fast forward to 2023, Tunde had started paying attention. He followed my advice, added a few U.S. stocks like $NVDA and $GLD into his portfolio alongside solid Nigerian companies. Now he watches Wall Street like it’s the English Premier League. Why? Because his money is on the pitch.
So what happened yesterday that made so many people lose sleep?
Let’s Break it Down…
1. $1.5 Trillion Disappeared Like PHCN Light.
The U.S. market dropped hard: S&P 500 down 2.2%, Nasdaq fell 3%, and Dow Jones slid 1.72%. It’s not just vibes $1.5 TRILLION in value got wiped out. The two culprits?
• The U.S. banned Nvidia ($NVDA) from selling chips to China.
• Jerome Powell (the U.S. version of CBN Governor) said inflation is still stubborn like Lagos traffic.
Lesson? Global policies can shake your investments. Even if you’re chilling in Abeokuta or Abuja.
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2. Alex Karp (CEO of Palantir $PLTR) Made TIME 100.
He’s not just pushing code; he’s pushing narratives. With Palantir’s 36% YoY revenue growth, he’s also pushing returns into investors’ pockets.
Moral of the story: Tech isn’t just Apple or Google. There are rising stars. Our book Stocks Made Easy will show you how to spot them.
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3. Tesla’s Shine is Fading (For Now)
California registrations dropped 15%. The market share slid from 55.5% to 43.9%. Piper Sandler, a major investment bank, dropped their target from $450 to $400.
If Tesla was a Nigerian artist, this would be the equivalent of being replaced on the Top 10 by someone from TikTok.
Translation: Even big boys fall. Don’t marry one stock—build a balanced portfolio. We can help you do that.
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4. SoFi’s CEO Gave Us Hope & Vibes
Anthony Noto didn’t reveal his exact goals because “people might copy.” But he wants SoFi ($SOFI) to become a Top 15 tech company. Ambition? 100%.
Also, crypto services might return. If you’re into crypto and fintech, SoFi is one to watch.
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5. Gold is the New Safe Bae
With the U.S. dollar acting unstable and China dumping U.S. Treasury bonds like old Naira notes, gold ($GLD) is up! Price crossed $3,245/oz.
Goldman Sachs says it could hit $3,700 by year-end. Some wild people are whispering $4,500. If this was a Nollywood movie, the gold would be the wise village elder everyone ignored until they saved the village.
Investor Tip: Diversify. Gold isn’t just jewelry, it’s protection.
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6. U.S. vs China – The Remix
The U.S. is now negotiating tariffs with 70 countries to isolate China. It’s giving “pick your side” energy. Like when your mum says: “Choose between rice and beans not both.”
Global politics = global portfolio pain or gain. It’s not just for CNN. It affects your GTB shares and that Apple stock too.
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So What Does This Mean for You in Nigeria?
• If you have zero investments in the U.S. market, you’re missing out on diversification.
• If your portfolio is all one stock (like MTN), you’re gambling not investing.
• If you’re not paying attention, your money is probably sleeping or worse, losing value.
Today’s Earnings List Below!
Here’s What You Can Do (Right Now):
1. Let us set up your investment portfolio. We’ll help you balance local + international picks.
2. Read our books—Nigerian Stocks 101 and Stocks Made Easy. Learn how to analyze, invest, and grow. No jargon. Just clarity.
3. Stay updated. Subscribe to this newsletter. We break down Wall Street for your street.
If Tunde can make the switch from “Wetin concern me?” to “When’s the next Fed announcement?”—so can you.
Let your money work even when Wall Street doesn’t sleep.
See you at the top,
Feji Iyeke
Your Money Guy
Astra Fidelis LTD
P.S. Want a consultation to review your portfolio? Reply to this newsletter or shoot us a DM on Instagram. Let’s help you invest smarter.