--- title: When 6 shoulders carry 500 description: Meanwhile, US national debt keeps climbing and Palantir faces an uncharacteristically hard week. 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If you made a mistake, please change here USA Country Switzerland Canada: Other than Ontario, Quebec, Alberta Canada: Ontario, Quebec or Alberta USA Other country Language Language English French German Italian I confirm Legal information 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. [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) ### When 6 shoulders carry 500 Meanwhile, US national debt keeps climbing and Palantir faces an uncharacteristically hard week. Each week, the Syz investment team takes you through the last seven days in seven charts. [![Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/hubfs/charles-2.jpg)](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau) [**Charles-Henry Monchau, CFA, CMT, CAIA**](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau) Chief Investment Officer **Monday, 08/25/2025** | - [![Pdf](https://blog.syzgroup.com/hubfs/pdf%20(1).png)](file:///C:/Users/awyneken/OneDrive%20-%20Banque%20Syz%20SA/Desktop/Syz-Feature_WeekIn7Charts_250825.pdf) - - - - #### Chart #1 — ## 6 companies run the S&P 500   Only 6 companies account for 32.5% of the S&P 500. Nvidia leads with 8.09%, followed by Microsoft (7.07%) and Apple (6.33%), while the rest of the market makes up barely two-thirds. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Aug-25-2025-07-38-40-6321-AM.png?width=750&height=937&name=image-png-Aug-25-2025-07-38-40-6321-AM.png) *Source: Carbon Finance*   --- #### Chart #2 — ## US national debt has no colour   Whether its red or blue, the US national debt keeps climbing. The only thing both parties agree on is passing the bill to future generations. Next stop: US$38 trillion. With decades of leadership changes, every presidency keeps pushing the total higher. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Aug-25-2025-07-39-24-5106-AM.png?width=863&height=508&name=image-png-Aug-25-2025-07-39-24-5106-AM.png) *Source: Peter Mallouk*  --- #### Chart #3 — ## No rating downgrade of US sovereign debt by Standard & Poor’s   S&P Global Ratings affirmed the US sovereign rating at AA+/A-1+ with a stable outlook. The agency noted that while fiscal deficits are unlikely to improve meaningfully, it does not expect a sustained deterioration in the near term. The rating reflects what S&P described as the broad resilience of the US economy, policy continuity, and strong revenue streams – including what it called ‘robust tariff income’, which help offset fiscal pressures tied to legislative measures. The agency acknowledged risks that tariffs could weigh on business confidence, growth, and hiring while fuelling inflation, but said revenue gains should help keep the fiscal balance in check, according to the WSJ. The decision comes amid a $5 trillion increase in debt ceiling and forecasts that net general government debt will approach 100% of GDP, driven by rising interest costs and aging-related spending. S&P emphasised key credit strengths such as effective monetary policy and a deficit trajectory that, though elevated, is not accelerating. However, it warned that bipartisan efforts to significantly reduce deficits and address structural budget constraints remain out of reach. To the right is a chart of US sovereign credit risk. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Aug-25-2025-07-40-34-7026-AM.png?width=844&height=570&name=image-png-Aug-25-2025-07-40-34-7026-AM.png) *Source: Zerohedge*   --- #### Chart #4 — ## A tough week for Palantir stock Palantir has been the top performing stock in the S&P 500 year-to-date, but recent trading suggests investors are taking profit. The shares have now entered bear market territory with a 20% pullback. From a valuation perspective, the data analytics company continues to stand out as an outlier, as illustrated in the chart. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Aug-25-2025-07-42-23-3776-AM.png?width=800&height=854&name=image-png-Aug-25-2025-07-42-23-3776-AM.png) *Source: Bloomberg*   --- #### Chart #5 — ## US freight shipments in sharp decline The Cass Freight Index, a key measure of US freight volumes, has dropped to its lowest level since the Global Financial Crisis—excluding at the start of the pandemic in 2020. The decline points to weakening demand for shipping and goods movement, signalling a slowing economy. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Aug-25-2025-07-43-24-8689-AM.png?width=736&height=601&name=image-png-Aug-25-2025-07-43-24-8689-AM.png) *Source: Global Markets Investor, Augur Infinity*   --- #### Chart #6 — ## Magnificent earnings growth An eye-opening chart: while earnings of the Magnificent 7 have surged to unprecedented levels, the earnings of the remaining S&P 493 have remained flat since 2020. This begs the question: is the US economy truly as strong as it appears? ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Aug-25-2025-07-44-18-0813-AM.png?width=647&height=457&name=image-png-Aug-25-2025-07-44-18-0813-AM.png) *Source: Michel A.Arouet, Bloomberg* --- #### Chart #7 — ## Will AI eat the lunch of consulting firms? Some studies suggest that AI could take over as much as 95% of the work performed by consultants today. It raises a pressing question: will clients still be willing to pay premium fees for human-led services or will the consulting business model need to adapt?  ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Aug-25-2025-07-45-08-4032-AM.png?width=743&height=626&name=image-png-Aug-25-2025-07-45-08-4032-AM.png) *Source: Michel A.Arouet, The Economist* --- #### 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 ## Related Articles [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [Four years into the bull market](https://blog.syzgroup.com/fast-food-for-thought/four-years-into-the-bull-market?hsLang=en) Meanwhile, earnings growth, not valuation expansion, is doing the heavy lifting behind the S&P 500’s rally. Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 12/10/2026 [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [Is France’s sovereign debt heading towards “junk” territory?](https://blog.syzgroup.com/fast-food-for-thought/is-frances-sovereign-debt-heading-towards-junk-territory?hsLang=en) Meanwhile, what does Anthropic’s $2tn valuation assume about future growth? Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 05/10/2026 [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [The 10-year Treasury yield hits a 19-year high](https://blog.syzgroup.com/fast-food-for-thought/the-10-year-treasury-yield-hits-a-19-year-high?hsLang=en) Meanwhile, US earnings growth leaves the rest of the world behind. Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 28/09/2026 ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. 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