--- title: Slow food for thought | Charles-Henry Monchau, CFA, CMT, CAIA (9) description: Chief Investment Officer (9) --- [![Syz Private banking](https://blog.syzgroup.com/hs-fs/hubfs/Logo.png?width=140&name=Logo.png "Syz Private banking")](https://www.syzgroup.com/fr) ## **Thinking** out loud [Subscribe](https://25733253.hs-sites-eu1.com/newsletter-signup?hsLang=en) [![Contact Us](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2) - [OUR SERVICES](https://www.syzgroup.com/en/private-banking) - [ABOUT SYZ](https://www.syzgroup.com/en/about/welcome-to-syz) - [CAREERS](https://www.syzgroup.com/en/careers) - [PRESS](https://www.syzgroup.com/en/news) - [Blog Homepage](https://blog.syzgroup.com) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thoughts/tag/the-week-in-seven-charts) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Fixed Income Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Equity Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [CONTACT](https://www.syzgroup.com/en/contact-us/form) - [ENGLISH](https://www.syzgroup.com/) - [FRANÇAIS](https://www.syzgroup.com/fr) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [The week in seven charts](https://blog.syzgroup.com/slow-food-for-thoughts/tag/the-week-in-seven-charts) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Our Services](https://www.syzgroup.com/en/private-banking) - [About Syz](https://www.syzgroup.com/en/about/welcome-to-syz) - [Careers](https://www.syzgroup.com/en/careers) - [Press](https://www.syzgroup.com/en/news) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [English](https://www.syzgroup.com/) - [Français](https://www.syzgroup.com/fr) ## **Sign-up** for our newsletter This website uses cookies to enhance user navigation and to collect statistical data. You can change your settings below to refuse the use of cookies. For more information, please refer to the [Cookies policy](https://www.syzgroup.com/en/legal-notices). Mandatory cookies Functional cookies Statistics & marketing I confirm I am not a US citizen residing in the US I confirm I am not accessing this site from the US I confirm that I am not a resident of Canada (except for Ontario, Quebec, British Columbia or Alberta). Agree and confirm ### Restricted access We are sorry that for legal reasons we are not able to help US citizens or Canadian residents other than in Ontario, Quebec, or Alberta. Best wishes for the future… ### Restricted access We are sorry that for legal reasons we are not able to help US citizens or Canadian residents other than in Ontario, Quebec, or Alberta. Best wishes for the future… You chose the following profile. 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. ## **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) #### [Electric vehicles: why America is suddenly slowing down](https://blog.syzgroup.com/slow-food-for-thought/electric-vehicles-why-america-is-suddenly-slowing-down) Electric vehicles were surging, until Washington abruptly hit the brakes. Now the US faces a precipice in its adoption curve. Will it recover or fall behind? **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 05/08/2025 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [10 surprises 2025: mid-year review](https://blog.syzgroup.com/slow-food-for-thought/10-surprises-2025-mid-year-review) At the end of 2024, we identified 10 potential events and surprises likely to impact financial markets and the global economy this year. These are not forecasts, but potential macro-economic, geopolitical or market events that are not anticipated by the financial markets. As these developments unfold, their implications could ripple across asset classes, reshaping investor expectations and global economic dynamics. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 29/07/2025 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [Robotaxis, one step closer](https://blog.syzgroup.com/slow-food-for-thought/robotaxis-one-step-closer) Tesla robotaxis are now common in Austin, but frequent mishaps show the tech still lags behind Alphabet’s safer, fully driverless Waymo, already operating in multiple US cities. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 22/07/2025 [Crypto](https://blog.syzgroup.com/slow-food-for-thought/tag/crypto) #### [Crypto: what to expect in H2 2025](https://blog.syzgroup.com/slow-food-for-thought/crypto-what-to-expect-in-h2-2025) The first half of 2025 proved that nothing in crypto is ever business as usual. A newly crypto-friendly US administration brought easier regulations, meme tokens like TRUMP made headlines and Circle’s IPO broke industry records. This outlook reflects on the highlights of 2025 before presenting potential scenarios for the second half. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 15/07/2025 [Market Outlook](https://blog.syzgroup.com/slow-food-for-thought/tag/market-outlook) #### [Dancing on thin ice](https://blog.syzgroup.com/slow-food-for-thought/dancing-on-thin-ice) H2 2025 **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 08/07/2025 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [A deep dive into Circle & stablecoins GENIUS Act](https://blog.syzgroup.com/slow-food-for-thought/a-deep-dive-into-circle-stablecoins-genius-act) Circle’s rapid rise as a stablecoin issuer, highlighted by a record-breaking IPO and expanding institutional adoption, mirrors a broader shift toward regulated digital finance. The GENIUS Act, passed in June 2025, reinforces this momentum by introducing strict standards for transparency, reserves, and consumer protection, positioning stablecoins as core components of the future financial system. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 01/07/2025 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [China’s rare earths: the winning card in the US-China trade war](https://blog.syzgroup.com/slow-food-for-thought/chinas-rare-earths-the-winning-card-in-the-us-china-trade-war) As global competition intensifies, China’s dominance over rare earth elements has become one of the most potent tools in its geopolitical arsenal. By controlling the extraction, refining, and global supply chains of these critical materials, Beijing holds extraordinary leverage over key sectors like defence, clean energy, AI, and electric vehicles, forcing the West into a high-stakes race to reduce its dangerous dependency. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 24/06/2025 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [Is the Lipstick Index still valid?](https://blog.syzgroup.com/slow-food-for-thought/is-the-lipstick-index-still-valid) Leonard Lauder, chairman of Estée Lauder Companies and creator of the “Lipstick Index,” passed away on 14 June 2025. As the beauty industry reflects on his legacy, is his famous theory still relevant today? **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 17/06/2025 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [A look into the video game industry](https://blog.syzgroup.com/slow-food-for-thought/a-look-into-the-video-game-industry) With over eight years in development and an estimated $2 billion budget, GTA VI may be the most ambitious cultural product ever made, and for Take-Two Interactive, the parent company of the game's publisher Rockstar Games, the investment seems justified. However, news that the game won’t hit shelves until 26 May 2026 sent Take-Two’s shares tumbling. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 11/06/2025 [Focus](https://blog.syzgroup.com/slow-food-for-thought/tag/focus) #### [The United Arab Emirates, the future AI superpower](https://blog.syzgroup.com/slow-food-for-thought/the-united-arab-emirates-the-future-ai-superpower) The UAE is rapidly emerging as a global AI hub, driven by large-scale infrastructure investments, strategic partnerships with leading US tech firms, and an ambitious national agenda to embed artificial intelligence across government, education, healthcare, and security. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau)** | 03/06/2025 [❮](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/8) [7](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/7) [8](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/8) [9](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/9) [10](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/10) [11](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/11) [❯](https://blog.syzgroup.com/slow-food-for-thought/author/charles-henry-monchau/page/10) ## 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. Follow us ## **Thinking** out loud - - - - ## **Investing** with intelligence Our latest research, commentary and market outlooks #### [Weekly Market Update](https://blog.syzgroup.com/fast-food-for-thoughts/tag/weekly-market-update?hsLang=en) #### [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus?hsLang=en) #### [Asset Allocation Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights?hsLang=en) #### [Semi-annual Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/semi-annual-outlook?hsLang=en) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [Terms & conditions](https://www.syzgroup.com/sites/default/files/document/2021-12/001-2_en-general_terms_and_conditions_w.pdf) - [Data protection notice](https://www.syzgroup.com/en/data-protection-notice) - [Cookies policy](https://www.syzgroup.com/en/legal-notices) - [Syzgroup.com](https://www.syzgroup.com/)