--- title: Syz The Moment | Charles-Henry Monchau, CFA, CMT, CAIA description: Chief Investment Officer --- [![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. 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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 13 Nov 2026 - - - #### Since March 2009, the S&P 500 has now experienced 34 corrections of 5% or more Every single one came with scary headlines and seemingly compelling reasons to sell. And yet, the S&P 500 is up over 1,400% since the March 2009 low. The lesson: You don't build wealth by avoiding corrections. You build wealth by enduring them. Source: Charlie Bilello [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![Since March 2009, the S&P 500 has now experienced 34 corrections of 5% or more](https://blog.syzgroup.com/hubfs/1794483123419.jpg) ![Since March 2009, the S&P 500 has now experienced 34 corrections of 5% or more](https://blog.syzgroup.com/hubfs/1794483123419.jpg) 13 Nov 2026 - - - #### Ivana Delevska from Spear made a great point about #nvidia investment thesis What is Nvidia’s biggest risk? It has nothing to do with Jensen Huang. It is rather the fact that AI might keep booming while Nvidia would capture a smaller share of the spending. The uncertainty around Jensen Huang indeed comes at a difficult time. Two shifts are already testing Nvidia’s grip on the AI market. 1️⃣ Closed models are winning the dollars. As hyperscalers move more workloads onto their own chips, Nvidia could capture less of every dollar they spend on compute. 2️⃣ Open models are winning on volume. That should favor Nvidia’s general-purpose GPUs. But Chinese models are taking a meaningful share of that volume, which makes export controls one of the biggest questions for investors. Then there’s succession. Who could take over? Could Jensen still shape the technology roadmap in another role? The ripple effects go beyond Nvidia. ▪️ Circular AI financing faces a test. If your funding model assumes Nvidia will step in with a backstop, it’s time to reopen the spreadsheet. ▪️ Rival chipmakers and their suppliers could gain ground as customers diversify where they buy compute. Nvidia may look cheap. But low P/E is not an investment thesis. The 1 million dollar question is the following: How much of the next wave of AI spending will Nvidia actually capture? Source #chart: SPEAR INVEST [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) ![Ivana Delevska from Spear made a great point about #nvidia investment thesis](https://blog.syzgroup.com/hubfs/1794578207237.jpg) ![Ivana Delevska from Spear made a great point about #nvidia investment thesis](https://blog.syzgroup.com/hubfs/1794578207237.jpg) 13 Nov 2026 - - - #### October's Bitcoin rally fails to materialise " Bitcoin Uptober ", they said Source: naiive @naiivememe [#Crypto|](https://blog.syzgroup.com/syz-the-moment/tag/crypto) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![October's Bitcoin rally fails to materialise](https://blog.syzgroup.com/hubfs/1794575152989.jpg) ![October's Bitcoin rally fails to materialise](https://blog.syzgroup.com/hubfs/1794575152989.jpg) 13 Nov 2026 - - - #### AMD gains ground as NVIDIA loses momentum Another K-shaped story? Source. Trend Spider [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) ![AMD gains ground as NVIDIA loses momentum](https://blog.syzgroup.com/hubfs/1794545860969.jpg) ![AMD gains ground as NVIDIA loses momentum](https://blog.syzgroup.com/hubfs/1794545860969.jpg) 13 Nov 2026 - - - #### What a wild timeline we are living in Nvidia was the world's largest company just a few weeks ago. Now: - Down 36% from its all time high. - Over $2 trillion wiped from its market cap. - Lost the No. 1 spot to Apple. - Hit its lowest level since July 2025. - Headed for its 6th straight weekly drop, the longest since 2012. - CEO resigned, with an ongoing investigation. Source: Bull Theory, companiesmarketcap.com [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![What a wild timeline we are living in](https://blog.syzgroup.com/hubfs/1794546371636.jpg) ![What a wild timeline we are living in](https://blog.syzgroup.com/hubfs/1794546371636.jpg) 13 Nov 2026 - - - #### The launch of GTA 6 will earn Rockstar Games hundreds of millions of dollars, but it could cost ordinary firms over $1 billion, because of people taking a sickie to play it An analyst has calculated that around 1.5 million people intend to call in sick on the day of launch in the US, costing American businesses up to $1 billion in lost revenue. The figures are only for the US, despite the numbers having been calculated by Professor José García Montalvo at Pompeu Fabra University in Barcelona, so there’s no knowing what the worldwide figure might be. According to his calculations, as reported by the International Business Times, the USA will see a drop in productivity of around 2% on launch day, purely due to people taking time to play the game (no doubt some have also taken time off officially). Source: https://lnkd.in/edRKnvug [#Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) ![The launch of GTA 6 will earn Rockstar Games hundreds of millions of dollars, but it could cost ordinary firms over $1 billion, because of people taking a sickie to play it](https://blog.syzgroup.com/hubfs/1794515136350.jpg) ![The launch of GTA 6 will earn Rockstar Games hundreds of millions of dollars, but it could cost ordinary firms over $1 billion, because of people taking a sickie to play it](https://blog.syzgroup.com/hubfs/1794515136350.jpg) 13 Nov 2026 - - - #### BREAKING: Hundreds of Nvidia employees have signed an internal letter demanding that Jensen Huang be reinstated as CEO and that the board of directors resign. [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) ![BREAKING:](https://blog.syzgroup.com/hubfs/1794562878865.jpg) ![BREAKING:](https://blog.syzgroup.com/hubfs/1794562878865.jpg) 13 Nov 2026 - - - #### NVIDIA's Next Chapter Nvidia Chief Financial Officer Colette Kress, a 13-year company veteran, is taking the helm of the world’s most valuable chipmaker on an interim basis after Jensen Huang’s sudden resignation. Nvidia hasn’t announced a succession plan and said the board is considering internal and external candidates. Source: CNBC [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) ![NVIDIA's Next Chapter](https://blog.syzgroup.com/hubfs/1794546800950.jpg) ![NVIDIA's Next Chapter](https://blog.syzgroup.com/hubfs/1794546800950.jpg) [1](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau/page/1) [2](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau/page/2) [3](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau/page/3) [4](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau/page/4) [5](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau/page/2) [❯❯](https://blog.syzgroup.com/syz-the-moment/author/1209?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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