I'm thinking about the market landscape for next week. We are currently navigating through geopolitical tensions and macroeconomic data. Especially the Iran-U.S. situation which is driving the market toward uncertainty.

Let's look at what events are coming up next week. On Monday night, the U.S. February Manufacturing PMI data will be released, followed by the ISM Industrial Index. On Wednesday, the ADP jobs report will be announced, which everyone is waiting for. But the real focus will be on Friday—non-farm payroll data and the unemployment rate. These data points will drive market movements in the days ahead.

What do we see when we look at the American stock market? The Nasdaq Composite hasn't been able to hit new highs for four months. The S&P 500 and Nasdaq have performed the worst since March. This is a clear signal that the AI hype is now facing reality.

Investors are becoming skeptical about turning AI technology into real revenue. The momentum led by Wall Street tech stocks is now being challenged by a reality check. This market turbulence is also spilling over into the crypto space—global risk-off sentiment is now spreading everywhere.

The coming days will be volatile, and every macro data point will push the market in a new direction. Geopolitical risk plus economic uncertainty—this combination will create a challenging period for us.