Charles-Henry Monchau

Chief Investment Officer


 PDF


 

WEEKLY SUMMARY: Stocks snap 3-week winning streak amid tech sell-off

Despite a modest rebound on Friday afternoon, all major US equity indices declined over the week. The Nasdaq underperformed and recorded its weakest weekly performance since the sharp post–Liberation Day decline in early April. The market pullback can be explained by a number of factors: growing unease surrounding artificial intelligence developments, signs of labor market softening, ongoing tariff hearings, a lack of meaningful economic data, rising concerns over private credit, and persistently hawkish commentary from Federal Reserve officials. The U.S. federal government shutdown reached the longest on record during the week, which also appeared to weigh on broader sentiment. On the data side, consulting firm Challenger published a report showing that October layoffs hit highest level in over 20 years. According to ISM surveys, services activity returned to growth while manufacturing shrank for eighth month in a row. Meanwhile, University of Michigan Consumer sentiment indicator fell to lowest level since 2022. In Fixed Income, U.S. Treasuries short-and intermediate-term yields generally decreased while long-term yields increased. Outside the US, the pan-European STOXX Europe 600 Index ended the week 1.24% lower. The Nikkei 225 Index fell 4.1%. Mainland Chinese stock markets edged higher for the week as easing U.S.-China trade tensions boosted risk appetite. The dollar weakened. Gold was flat. Oil dumped while bitcoin tested $100k.
 
Have a great weekend 
 
Charles & The Syz Research Lab

 

 

 

 

 

Disclaimer

This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.

Read More

Straight from the Desk

Syz the moment

Live feeds, charts, breaking stories, all day long.

Thinking out loud

Sign up for our weekly email highlighting the most popular posts.

Follow us

Thinking out loud

Investing with intelligence

Our latest research, commentary and market outlooks