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    Charles-Henry Monchau

    Charles-Henry Monchau

    Chief Investment Officer

    Monday, 07/14/2025 |

    Chart #1 — 

     $4 trillion baby

     

    On Wednesday, Nvidia’s market capitalisation surpassed $4 trillion for the first time.

    The chipmaker is the first to reach this landmark and has gained significantly from the generative AI surge.

    To put $4 trillion into context... Nvidia’s $NVDA market value now exceeds the GDP of several major countries.

    Source: Blossom @meetblossomapp 

     

    Chart #2 — 

    Institutional investors are selling
    US equities at a furious pace

    Institutions offloaded $3.2 BILLION in single stocks and ETFs last week, according to Bank of America (BofA).

    They have sold in 9 out of the last 10 weeks.

    Hedge funds marked their 3rd consecutive week of selling, unloading $1.0 billion.

    Source: BofA, Global Markets Investor

    Chart #3 — 

    Is the Swiss franc the new Gold?

     

    BofA contends that the CHF is now acting more like gold: a liquid, neutral hedge against long-term fiscal uncertainty in a world with few G10 alternatives, rather than a response to short-term market stress.

     Source: Patrick Saner 

    Chart #4 — 

    US exceptionalism so far during the 21st century  

    New public company formations in the 21st century, with EU firms shown in red and U.S. firms in blue. Bubble size represents market capitalisation as of December 31, 2024.

    Source: JP Morgan Asset Management

    Chart #5 — 

    Never bet against Elon...

    xAI's Grok 4 now ranks as the leading artificial intelligence tool, according to the Artificial Analysis Intelligence Index. Remarkably, they started from ZERO just a few years ago. 

    Source: Linas Beliunas 

    Chart #6 —

    Global trade dominance:
    US, EU, or China (2000 vs. 2024)     

    This comparison reveals how the world’s leading trading partners have changed over the past twenty years. In 2000, the United States was the primary trade partner for most countries in the Americas, certain Asia-Pacific regions, and some African states. The European Union held the lead in trade across Europe, large sections of Africa and Asia, and much of South America. China, on the other hand, was the top trading partner for only a small number of nations.

    By 2024, China’s trade connections had grown significantly, making it the main trading partner for nearly all of Asia, the majority of Africa, and a large portion of South America. The US continued to dominate in North America and a few countries in South America. The EU remained the leading trade partner within Europe and neighbouring areas but saw its global position decline relative to China.

    China’s total trade value jumped from $474 billion in 2000 to $6.2 trillion in 2024, placing it ahead of both the US and the EU as the world’s largest trading power.

    Source: Econovis

    Chart #7 — 

    Chocolate consumption enhances cognitive function 🍫

    I had no idea there was such a strong link between chocolate consumption and the number of Nobel Prize winners! 😅

    Source: Nicholas Fabiano, MD @NTFabiano on X 

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    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.

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