---
title: Don’t lose sight of the big picture!
description: "Investors are currently facing major unknowns: 1/ A major conflict in the Middle East. In this context, we believe investors should not lose sight of what we think remains a positive backdrop for stocks; 2/ The pendulum around AI which continues to swing between fear and excitement; 3/ Uncertainties about tariffs. \n\nBut in this context, it is key to NOT OVERREACT to headlines and to keep in mind that the overall context remains positive for stocks: \n1/ Corporate earnings continue to strengthen within and beyond AI\n2/ The Fed maintains a bias toward easing\n3/ The U.S. economy appears to be on track for another year of solid growth. \n\nOn the later, US economic news published yesterday were impressive, starting with the solid ADP and ending with the blowout Service ISM number. \n\nThe ADP number was the day's first positive surprise, as private jobs surged 3x from January and beat estimates, as they rose to 63K, the highest since November.\n\nThen it was the Service ISM print which smashed expectations (a 6-sigma beat), rising the most since Sept 2024 to the highest level since July 2022.\n\nThe stagflation narrative was crushed, as the ISM's Prices Paid index tumbled to an 11 month low while everything else rose. \n\nThe Citi US eco surprise index jumped from 30 to 39 in one session following the unexpectedly strong economic data. \n\nThis set of very positive data was good enough to offset some of the scary news on the war front and propelled risk assets higher yesterday.\n\nSource: zerohedge"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Don’t lose sight of the big picture!](https://blog.syzgroup.com/syz-the-moment/dont-lose-sight-of-the-big-picture)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Mar 5, 2026, 4:23:53 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/dont-lose-sight-of-the-big-picture)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2026-03-05T16:23:53.779Z",
  "datePublished" : "2026-03-05T16:23:53Z",
  "headline" : "Don’t lose sight of the big picture!",
  "image" : {
    "@type" : "ImageObject",
    "height" : 453,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/7-Mar-05-2026-04-23-39-6682-PM.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/dont-lose-sight-of-the-big-picture",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```