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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) [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [SpaceX’s next mission leads to Wall Street](https://blog.syzgroup.com/slow-food-for-thought/spacexs-next-mission-leads-to-wall-street) This June, SpaceX is expected to list on Nasdaq at a valuation of $1.75 trillion, surpassing Saudi Aramco's 2019 debut as the largest IPO on record. Welcome to the most audacious IPO ever attempted. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 27/05/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [From Made in China to Made by China](https://blog.syzgroup.com/slow-food-for-thought/from-made-in-china-to-made-by-china) The country America tried to contain through tariffs and chip export bans has become the world’s fastest-growing AI market, largest EV exporter, and a formidable rival in the very technologies the West sought to keep out of reach. As Donald Trump landed in Beijing on May 13th for his high-stakes summit with Xi Jinping, the symbolism mattered as much as the outcome. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 19/05/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [Japan's hidden sovereign wealth fund](https://blog.syzgroup.com/slow-food-for-thought/japans-hidden-sovereign-wealth-fund) Why the world's most indebted country is also one of its largest equity investors **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 12/05/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [Too big to f-AI-l](https://blog.syzgroup.com/slow-food-for-thought/too-big-to-f-ai-l) The AI story has been one of relentless momentum. ChatGPT marked the first chapter, transforming OpenAI into the central force behind the industry’s expansion. The company now faces the challenge of supporting the scale of investment behind it. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 05/05/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [The 25-year-old who bet on AI’s infrastructure](https://blog.syzgroup.com/slow-food-for-thought/the-25-year-old-who-bet-on-ais-infrastructure) Major infrastructure trades often look obvious only after the fact. Railroads created fortunes not just through transport, but through the land and networks built around them. Undersea fibre cables were once seen as overcapacity before becoming the backbone of the internet. Investors who identify the infrastructure layer before the applications fully emerge tend to be early to the real value creation. Leopold Aschenbrenner, a former OpenAI safety researcher with no traditional finance background, appears to have identified such an opportunity. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 28/04/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [The “super employee”](https://blog.syzgroup.com/slow-food-for-thought/the-super-employee) Somewhere right now, an employee is producing what once required an entire team. The difference comes from the tools and systems now embedded in the workflow. As processes become faster and simpler, fewer layers are needed within the company. This evolution is quietly becoming one of the most significant organisational changes of the decade. Many companies are only starting to realise it. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 21/04/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [Gold coming home](https://blog.syzgroup.com/slow-food-for-thought/gold-coming-home) One by one, quietly and without announcement, the world's central banks are pulling their gold home. From New Delhi to Belgrade, from Frankfurt to Paris, the same strategic decision is being reached independently. The trust that underpinned the postwar reserve system for decades is showing its first serious fractures. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 14/04/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [The next black swan?](https://blog.syzgroup.com/slow-food-for-thought/the-next-black-swan) Think The Big Short but for AI, JPMorgan just launched the AI Hyperscaler Credit Default Swaps Basket, a one-click trade to short the debt of Alphabet, Amazon, Meta, Microsoft, and Oracle. As these tech giants ramp up borrowing to finance massive data center buildouts, Wall Street is effectively offering the same instrument Michael Burry used in 2008 to bet against credit risk. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 08/04/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [The ripple effect](https://blog.syzgroup.com/slow-food-for-thought/the-ripple-effect) The Strait of Hormuz turns a regional tension into a global energy crisis. A single chokepoint can move oil, freight, and investor sentiment in the same day. A problem that starts locally can quickly ripple across financial markets and global geopolitics. That is why the Strait of Hormuz matters far beyond the Gulf. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 02/04/2026 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [The search for a new reserve north star](https://blog.syzgroup.com/slow-food-for-thought/the-search-for-a-new-reserve-north-star) “Risk free” used to be a number on a government bond curve, today it is also a judgment about politics, sanctions and access. When a G20 central bank can see its reserves frozen overnight and an energy shock can move gold, US Treasuries and Chinese bonds in three different directions, the old definition of safety no longer fits. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 31/03/2026 [❮](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/3) [2](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/2) [3](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/3) [4](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/4) [5](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/5) [6](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/6) [❯](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/5) ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. 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