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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## **Fast food** for thought Insights and research on global events shaping the markets - [All](https://blog.syzgroup.com/fast-food-for-thought) - [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Food for Thoughts](https://blog.syzgroup.com/fast-food-for-thought/tag/food-for-thoughts) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Monthly Market Review](https://blog.syzgroup.com/fast-food-for-thought/tag/monthly-market-review) - [Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/fixed-income) - [feature](https://blog.syzgroup.com/fast-food-for-thought/tag/feature) [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1773457710243) U.S. stocks fell for a 3rd consecutive week as Middle East tensions and oil market volatility weighed on investor sentiment. Concerns about potential supply disruptions through the Strait of Hormuz, stress in private credit markets, and trade policy uncertainty added to market pressure. The Dow Jones led losses (down about 2%) while the Nasdaq Composite declined less but still fell 1.26%. Recent U.S. data showed mixed signals on inflation and growth. Core CPI rose 0.2% in February (2.5% year over year), while headline CPI increased 0.3% monthly and 2.4% annually. Meanwhile, the Fed’s preferred inflation measure, core PCE, rose 0.4% in January, with the annual rate unexpectedly climbing to 3.1%, the highest since early 2024. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 14/03/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1772876079995) Major U.S. stock indexes finished the volatile week lower as investors digested escalating conflict in the Middle East in the wake of U.S. and Israeli military strikes on Iran, rising energy-driven inflation risks, and some mixed economic data. Oil prices surged amid concerns about potential supply disruptions and broader geopolitical spillovers. Uncertainty about the conflict’s duration and its potential impact on energy markets also drove U.S. Treasury trading, pushing yields higher as investors reassessed inflation risks and the outlook for Fed policy. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 07/03/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1772270558132) Major U.S. stock indexes fell for the week as investors stayed cautious about AI-driven disruption and global trade and tariff uncertainty. The Dow Jones dropped 1.31%, while the S&P 500 Index declined a smaller 0.44%. Stocks sold off early after a research report heightened AI risk concerns, briefly stabilized ahead of NVIDIA’s earnings, but finished the week lower as strong results failed to shift the broader risk-off mood **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 28/02/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1771667838025) U.S. stock indexes closed the week higher, generating modest gains through Thursday before rallying on Friday following news that the U.S. Supreme Court had ruled to overturn the Trump administration’s sweeping global tariffs. Escalating tensions between the U.S. and Iran—which helped send oil prices higher—were also a focus for investors during the week. The Nasdaq performed best, gaining 1.51% and posting its first weekly gain since early January, while the S&P 500 Indexes also advanced over 1%. Among the other highlights of the week: Fed minutes showed that policymakers remain divided regarding the path forward for monetary policy. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 21/02/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1771060323020) Major U.S. stock indexes finished the week lower as concerns regarding the disruptive potential of AI weighed on stocks across a broad range of industries. The Nasdaq Composite fared worst, shedding 2.10%, while the S&P500 Index and Dow Jones Industrial Average fell 1.39% and 1.23%, respectively. The Russell 1000 Value Index outperformed its growth counterpart for the 7thconsecutive week, extending its YTD lead to over 1,100 basis points. On the macro side, hiring in the U.S. was stronger than expected in January as U.S. employers added 130,000 jobs during the month, the highest monthly gain in over a year. The unemployment rate also declined to 4.3% from 4.4% in December. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 14/02/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1770459782166) Major U.S. equity indexes finished a volatile week mixed, as large-cap tech stocks suffered their worst week since November while small-cap and value stocks added to their YTD gains. Worries about the disruptive potential of AI, as well as concerns regarding a surge in capex, weighed on many of the high-growth stocks that have outperformed in recent years. In contrast, some cyclical and value-oriented segments outperformed as investors seemed to rotate into the areas that have lagged firms with more AI exposure. Corporate earnings and geopolitical tensions also appeared to contribute to the week’s volatility. The Nasdaq performed worst, shedding 1.84%, while the S&P 500 finished little changed. On the other hand, the Russell 2000 and the Dow Jones posted solid gains (and hit $50k for the 1st time). **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 07/02/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1769854289801) This S&P 500 index advanced over the week, topping 7,000 but ultimately retreating from its new intraday high. Large-cap value stocks gained and outperformed their growth counterparts. Small-cap stocks lagged and finished the week lower. Within the S&P 500, the communication services and energy sectors led the way. Health care stocks pulled back the most. Initial U.S. jobless claims came in at 209,000 for the week ended January 24—above the consensus estimate. After three consecutive rate cuts, the Federal Reserve left the benchmark fed funds rate unchanged, in line with market expectations. A 10–2 vote underpinned the decision, with the two dissenting policymakers favoring a 25-basis-point reduction. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 31/01/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1769248726269) US stocks traded sharply lower to start the week on Tuesday, with the S&P 500 Index posting its largest daily decline since October amid renewed fears of a global trade war after President Trump announced that he would impose new tariffs on European nations that opposed the U.S. purchasing or otherwise taking control of Greenland. Stocks reversed course on Wednesday after Trump said that he and NATO Secretary General Rutte had “formed the framework of a future deal with respect to Greenland” and that he would no longer “be imposing the Tariffs that were scheduled to go into effect on February 1st.” **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 24/01/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1768646119579) US equity indexes were mixed for the week, with small-cap and value stocks adding to their YTD leads over large-cap and growth-oriented shares. The Russell 2000 index advanced, reaching all-time high during the week, while large-cap indexes pulled back from the prior week’s record levels. Value stocks outpaced their growth counterparts for the third straight week. Q4 earnings season kicked off during the week with several big banks reporting Q4 results. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 17/01/2026 [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) #### [Click here to read our #globalmarkets weekly wrap up](https://blog.syzgroup.com/fast-food-for-thought/click-here-to-read-our-globalmarkets-weekly-wrap-up-1768037694106) US equities advanced in the first full trading week of the year as investors largely looked past mounting geopolitical tensions, pushing most major indexes to all-time highs. Small-cap and value shares outpaced the large-cap growth stocks that have led returns in recent years, while an equal-weighted version of the S&P 500 Index outperformed its market cap-weighted counterpart. Of the major indexes, the Russell 2000 Index performed best, adding 4.62%, while the S&P 500 performed worst but still gained 1.57%. Stocks of aerospace & defense companies and homebuilders were volatile after several announcements by the Trump administration. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau)** | 10/01/2026 [❮](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook/page/3) [2](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook/page/2) [3](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook/page/3) [4](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook/page/4) [5](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook/page/5) [6](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook/page/6) [❯](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook/page/5) ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. 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