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The cost of US debt now exceeds $1 trillion per year, Gold is close to its all-time high and contrary to popular belief, portfolio diversification is not one of Warren Buffet's principles! Each week, the Syz investment team takes you through the last seven days in seven charts.

Big-Tech & Bitcoin Bid; Bonds & Bullion Battered The major US equity indexes finished mixed for the week. We note however that the S&P 500 Index came close to matching its longest winning streak in nearly two decades. Indeed, on Wednesday, the S&P 500 notched its eighth straight gain, while the Nasdaq marked its ninth. The market’s strength was exceptionally narrow, however, with an equally weighted version of the S&P 500 Index lagging its market-weighted counterpart by 190 basis points. Upside earnings surprises from some tech firms appeared to provide support to growth stocks. On Thursday, a $24 billion auction of 30-year U.S. Treasury bonds, which was met with the weakest demand in two years, triggered some profit taking on stocks as US Treasury yields climbed.

The Fed Committee maintains unchanged key interest rates for second consecutive month, Japan's equity markets present numerous investment prospects and WeWork files for Chapter 11. Each week, the Syz investment team takes you through the last seven days in seven charts.

The #sp500 Index recorded its strongest weekly gain in nearly a year. Signs of a slowing economy and a rather dovish #FOMC meeting led to a sharp decrease in long-term bond yields. The gains were broad-based and led by the small-cap Russell 2000 Index, which scored its best weekly gain since October 2022. On Wednesday, the #Fed left rates steady, as expected, but investors appeared encouraged by the post-meeting statement, which signaled that the recent runup in long-term Treasury yields had achieved some of policymakers’ intended tightening in financial conditions. Friday’s US payrolls report seemed to confirm that the labor market was cooling. Employers added 150,000 jobs in October, below expectations and the lowest level since June, and September’s strong gain was revised lower.

Strong US Economy proves resilient in face of tightening financial conditions. In October, global stocks declined due to concerns about rising interest rates and the Israel-Hamas conflict, while the US economy remained strong. The US dollar strengthened for the third consecutive month, reaching its highest monthly close since November 2022. Gold continued to be a top choice for hedging against economic uncertainties, and Bitcoin experienced its best month since January 2023, with its price surpassing $35,000. Each month, the Syz investment team takes you through the last month in ten charts.

While the AI bubble seems to be deflating for the Magnificant 7, OpenAI's valuation is close to $90 billion! The shares of four of Wall Street's biggest banks are under pressure which is causing concern among investors and the market. Each week, the Syz investment team takes you through the last seven days in seven charts.

US equities indices finished lower for a 2nd straight week, as market sentiment was dented by mixed corporate earnings reports, geopolitical tensions and concerns about rising bond yields. It was a busy week for quarterly earnings reports, with nearly a third of the S&P 500 Index due to report, including Alphabet, Microsoft, Meta and Amazon. Although most metrics reported by the companies showed solid growth and exceeded consensus expectations, markets seemed to pounce on indications of rising expenses, which weighed on shares. On the macro side, US real GDP grew at an annualized pace of 4.9% in Q3, led by strong consumer spending. Meanwhile, the core personal consumption expenditures (PCE) price index provided mixed evidence on whether inflation is moderating.

Cash is king, as the yield on US Treasuries exceeds the earnings yield on the S&P 500. Gold hits $2000 and China increasingly shuns US bonds. Each week, the Syz investment team takes you through the last seven days in seven charts.

Geopolitical concerns, tough talk from Fed officials, and a rise in long-term bond yields to 16-year highs appeared to weigh on sentiment and drove the S&P 500 Index to its biggest weekly decline in a month. The Nasdaq fared worst among the major benchmarks and nearly moved back into bear market territory, ending the week 19.9% below its early-2022. Growth stocks lagged their value counterparts. Europe, Japan and China equities dropped sharply over the week. Stocks started the week on a strong note helped by limited negative news flow regarding the Middle East over the weekend. Deepening tensions later in the week appeared to drain the gains, however.

US credit card default rate hits a new record high, US inflation slows, but at a sluggish pace and the IMF revises global growth projections downwards. Each week, the Syz investment team takes you through the last seven days in seven charts.

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