A Major Milestone for @NCMLSummit2026
Alhamdulillah, I am delighted to share that today I had the privilege of meeting with the Group Chairman of the Nigerian Exchange Group @ngxgrp (NGX) to further discuss the forthcoming Nigeria Capital Market Leadership Summit 2026 (@NCMLSummit2026).
Our meeting was highly productive and strategic, with meaningful discussions centered on advancing financial literacy, expanding capital market awareness, promoting investment culture, and creating greater economic opportunities across Northern Nigeria.
We achieved significant progress in our preparations, exchanged valuable ideas, and reinforced our shared vision of bringing a world-class capital market summit to Damaturu, Yobe State.
As the Convener of @NCMLSummit2026, I am encouraged by the positive engagement and invaluable guidance received. This meeting further strengthens our commitment to delivering a summit that will connect policymakers, financial institutions, investors, entrepreneurs, students, and business leaders in shaping the future of investment in Northern Nigeria.
I sincerely appreciate the warm reception, insightful advice, and continued support. With every milestone, our vision becomes clearer, and our determination grows stronger.
Together, we are building a platform that will inspire a new generation of investors and contribute meaningfully to Nigeriaโs economic development.
Haruna Adamu Haruna (Haeroon)
Convener, Nigeria Capital Market Leadership Summit 2026 (NCMLSummit2026)
SoSoValue Flash: Severe Geopolitical Reignited, CPI Holds Steady, Heavy Capex Warnings Trigger Tech Volatility
๐ฅ Core Catalyst:
The Middle East situation has sharply re-escalated. Dissatisfied with slow talks, Trump threatened to target Iran's power plants and bridges if a deal isn't signed. Following the downing of a U.S. Apache helicopter, the U.S. launched nearly 4 hours of retaliatory airstrikes, claiming Iran's control capability in the strait was eliminated (which Iran denies). In response, Iran issued stern warnings and the Strait of Hormuz has been fully closed. Iran fired dozens of ballistic missiles and drones at 21 key strategic Gulf targets, including a U.S. base in Jordan.
๐ Key Logic Shifts:
1๏ธโฃ Macro Risks: Trump's hawkish military threats have fundamentally disrupted the marketโs prior baseline assumption that he would avoid reopening active hostilities. However, the macro front received some insulation as the May CPI print arrived broadly in line (with core slightly below expectations). Feared second-round effects from oil pass-through, World Cup distortions, and endogenous inflation failed to materialize.
2๏ธโฃ Liquidity Drain: U.S. equities remain locked in a tug-of-war between macro anxiety and secular AI momentum. On the capital front, the ongoing SpaceX IPO continues to absorb significant institutional liquidity. The trading desk notes a broader decline in secondary market depth, which is amplifying short-term volatility across major indices.
3๏ธโฃ Capex Concerns: AI momentum continues to consolidate at elevated levels during a post-ComputeX catalyst vacuum. While Oracle's post-close earnings and guidance matched consensus, its massive $40 billion equity and debt fundraising blueprint for the next fiscal year reignited fierce market anxieties over over-extended capex. Shares plunged 11% after-hours, acting as a direct drag on tech sentiment.
๐ Trade Setup (SoDEX Assets to Watch):
Core: $USTECH-100 | $CL (Crude) | $XAUT | $BTC
MAG7: $NVDA | $AMZN | $GOOGL | $META | $MSFT | $TSLA | $AAPL
AI Hardware: $SNDK | $MU | $AMD | $INTC | $TSM
MAG7.ssi Component ETF Flow Watch | 0609
BTC ETFs: -$77.44M Net Inflow
ETH ETFs: -$40.85M Net Inflow
SOL ETFs: +$794.27K Net Inflow
XRP ETFs: +$7.44M Net Inflow
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After 5 consecutive weeks of outflows, BTC ETFs have now flipped to 2 straight weeks of net inflows โ with +$683M this week and over $1.1B in the past 3 days alone.
BTC is up 20% from its $60K cycle low (Feb 6), now trading at $72,189.
All 4 crypto spot ETFs are in the green this week:
๐ข $BTC +$683M
๐ข $SOL +$37.5M
๐ข $ETH +$27.9M
๐ข $XRP +$18.7M
Two weeks of inflows after five weeks of bleeding โ trend reversal or relief rally?
Track BTC ETF flows ๐ https://t.co/2Mljz9DBj1
#ETF #Crypto $BTC $ETH $SOL $XRP