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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## **Slow food** for thought Insights and research on global events shaping the markets - [All](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) - [Asset Allocation Insights](https://blog.syzgroup.com/slow-food-for-thought/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thought/tag/market-outlook) [investing](https://blog.syzgroup.com/slow-food-for-thought/tag/investing) #### [Markets like to test the new Fed chair](https://blog.syzgroup.com/slow-food-for-thought/markets-like-to-test-the-new-fed-chair) February AA Insights **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 05/02/2026 [investing](https://blog.syzgroup.com/slow-food-for-thought/tag/investing) #### [The trend is (still) our friend](https://blog.syzgroup.com/slow-food-for-thought/the-trend-is-still-our-friend) December AA Insights **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 08/01/2026 [investing](https://blog.syzgroup.com/slow-food-for-thought/tag/investing) #### [A healthy pause](https://blog.syzgroup.com/slow-food-for-thought/a-healthy-pause-1) November AA Insights **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 13/11/2025 [investing](https://blog.syzgroup.com/slow-food-for-thought/tag/investing) #### [Will the global equity bull market extend in Q4?](https://blog.syzgroup.com/slow-food-for-thought/will-the-global-equity-bull-market-extend-in-q4) October AA Insights **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 08/10/2025 [investing](https://blog.syzgroup.com/slow-food-for-thought/tag/investing) #### [As summer winds down, will momentum cool down?](https://blog.syzgroup.com/slow-food-for-thought/as-summer-winds-down-will-momentum-cool-down) September AA Insights **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 03/09/2025 [investing](https://blog.syzgroup.com/slow-food-for-thought/tag/investing) #### [From TACO\* to WACO\*\*](https://blog.syzgroup.com/slow-food-for-thought/from-taco-to-waco) \*TACO: “Trump Always Chickens Out” - \*\*WACO: “World Always Chickens Out” **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 06/08/2025 [investing](https://blog.syzgroup.com/slow-food-for-thought/tag/investing) #### [Rising markets, restless waters: outlook for a volatile recovery](https://blog.syzgroup.com/slow-food-for-thought/rising-marketsrestless-waters-outlook-for-a-volatile-recovery) Volatility may persist, but recovery is underway. Stay invested, avoid market timing, watch US strength, and diversify across sectors/regions. Read below: **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 15/05/2025 [Market Outlook](https://blog.syzgroup.com/slow-food-for-thought/tag/market-outlook) #### [Market Insights - Q2/2025](https://blog.syzgroup.com/slow-food-for-thought/market-insights-q2/2025) Looking ahead to Q2. **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 17/04/2025 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [Our 10 big ideas - 2025](https://blog.syzgroup.com/slow-food-for-thought/our-10-big-ideas-2025) Having great ideas is a great idea. **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 17/03/2025 [investing](https://blog.syzgroup.com/slow-food-for-thought/tag/investing) #### [Near-term caution warranted](https://blog.syzgroup.com/slow-food-for-thought/near-term-caution-warranted) Overall, the macro and liquidity conditions are still positive for risk assets, even if downside risks and uncertainties have increased recently. While earnings growth momentum continues to accelerate, equity market valuations remain rich, especially in the US. We also observe some deterioration in market dynamics: sentiment is overbought, and market breadth has been deteriorating. While we maintain a constructive view on equities, we move to a more balanced positioning in terms of asset classes and regions and downgrade our view on equities from overweight to neutral. - While we still have a structural preference for US equities over the rest of the world, we are neutralising our tactical regional stance as valuations and macro-economic momentum may lead to a continuation of the dynamics at play since the beginning of the year. - Within rates, we adopt a more neutral stance on long-term government bonds, as potential downside risks to growth now balance the uncertainties around the inflation outlook. We continue to favour the 1-10 years segment in the fixed income allocation. - We keep our gold and hedge funds exposure for diversification purposes. Our stance on currency –overweight dollar against major pairs except Swiss franc— is unchanged. **[-](https://blog.syzgroup.com/slow-food-for-thought/author/-)** | 28/02/2025 [❮](https://blog.syzgroup.com/slow-food-for-thought/author/-/page/1) [1](https://blog.syzgroup.com/slow-food-for-thought/author/-/page/1) [2](https://blog.syzgroup.com/slow-food-for-thought/author/-/page/2) [3](https://blog.syzgroup.com/slow-food-for-thought/author/-/page/3) [❯](https://blog.syzgroup.com/slow-food-for-thought/author/-/page/3) ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. [Discover more](https://blog.syzgroup.com/syz-the-moment?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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