--- title: Syz The Moment (1172) description: Syz The Moment (1172) --- [![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/) - [FRANร‡AIS](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/) - [Franรงais](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) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [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) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [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) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [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) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [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) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 22 Nov 2023 - - - #### Bitcoin has surpassed Ethereum in transaction fees for the first time since mid-2020. It looks like Ordinals are playing a role Source: Steno Research [#Crypto|](https://blog.syzgroup.com/syz-the-moment/tag/crypto) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Bitcoin has surpassed Ethereum in transaction fees for the first time since mid-2020. It looks like Ordinals are playing a role](https://blog.syzgroup.com/hubfs/1700517996126.jpg) ![Bitcoin has surpassed Ethereum in transaction fees for the first time since mid-2020. It looks like Ordinals are playing a role](https://blog.syzgroup.com/hubfs/1700517996126.jpg) 22 Nov 2023 - - - #### YTD performance Mag 7: +105% S&P 500: +19% Source: TME [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![YTD performance](https://blog.syzgroup.com/hubfs/1700577039003.jpg) ![YTD performance](https://blog.syzgroup.com/hubfs/1700577039003.jpg) 22 Nov 2023 - - - #### Microsoft is now clearly ahead of Alphabet again in the AI race on the stock market Source: HolgerZ, Bloomberg [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Microsoft is now clearly ahead of Alphabet again in the AI race on the stock market](https://blog.syzgroup.com/hubfs/1700562747368.jpg) ![Microsoft is now clearly ahead of Alphabet again in the AI race on the stock market](https://blog.syzgroup.com/hubfs/1700562747368.jpg) 22 Nov 2023 - - - #### Today is the BIG DAY with Nvidia ($NVDA) earnings results after the bell With the Nasdaq up more than 13% from the lows, $NVDA at all-time-high, 95% of sell-side analysts with a BUY rating on $NVDA (!) sentiment of AI probably at record optimistic level after Microsoft "aqui-hire" of openai and the $VIX historically low at 13.5, there is indeed room for a short-term pullback... Source: www.investing.com, kakashiii111 [#Volatility|](https://blog.syzgroup.com/syz-the-moment/tag/volatility) [#earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) ![Today is the BIG DAY with Nvidia ($NVDA) earnings results after the bell](https://blog.syzgroup.com/hubfs/1700555170698.jpg) ![Today is the BIG DAY with Nvidia ($NVDA) earnings results after the bell](https://blog.syzgroup.com/hubfs/1700555170698.jpg) 22 Nov 2023 - - - #### The biggest bull market post-COVID has not been in the Magnificent 7 or any other equity markets; it has been in these two commodities: 1\) Orange Juice: 246% 2) Uranium: 568% Source: Macrobond, Sagar Singh Setia [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![The biggest bull market post-COVID has not been in the Magnificent 7 or any other equity markets; it has been in these two commodities:](https://blog.syzgroup.com/hubfs/1700519135886.jpg) ![The biggest bull market post-COVID has not been in the Magnificent 7 or any other equity markets; it has been in these two commodities:](https://blog.syzgroup.com/hubfs/1700519135886.jpg) 22 Nov 2023 - - - #### 10-Year US Term Premium Dips Back into Negative Territory! ๐Ÿ“‰๐Ÿ” The term premium, a metric reflecting the additional yield demanded by investors for holding longer-term bonds rather than rolling over shorter-dated securities, turned negative last week. This shift could be interpreted as a signal that the market is anticipating a recession in the US in 2024, with rate cuts by the Federal Reserve (1% fully discounted already by the market). Given the recent rally of more than 50 basis points on the 10-year US Treasury yield and the term premium now in negative territory, coupled with still very high rate volatility, the question arises: Will the rally in long rates temporarily come to a halt? ๐Ÿค” Source: Bloomberg [#Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) ![10-Year US Term Premium Dips Back into Negative Territory! ๐Ÿ“‰๐Ÿ”](https://blog.syzgroup.com/hubfs/202311_%2010-year%20US%20Treasury%20Term%20Premium.png) ![10-Year US Term Premium Dips Back into Negative Territory! ๐Ÿ“‰๐Ÿ”](https://blog.syzgroup.com/hubfs/202311_%2010-year%20US%20Treasury%20Term%20Premium.png) 21 Nov 2023 - - - #### Gold trying to break resistance Gold (XAU) has reached the last resistance 2009 level before the major resistance zone 2050-2075. Will it have enough strenght after a 10% rallye since October ? Source : Bloomberg [#technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) ![Gold trying to break resistance](https://blog.syzgroup.com/hubfs/XAU%204.png) ![Gold trying to break resistance](https://blog.syzgroup.com/hubfs/XAU%204.png) 21 Nov 2023 - - - #### The Global Fixed Income Landscape Regains Its Color! ๐Ÿ“ˆ๐ŸŒ After a dip to -4% year-to-date just a month ago, the global fixed income investment universe is now on a sharp rebound, driven by improving inflation signals hinting at a potential rate peak by central banks (already materialized in some emerging market countries). The Bloomberg Global Aggregate Bond Index, a widely tracked and comprehensive global bond indicator, has returned to positive territory in 2023 since last week. This upturn signifies a positive development for fixed income investors who have navigated challenges over the past three years, with a cumulative total return of -20% since the end of 2020. Are we entering a sunnier future for fixed income investments? โ˜€๏ธ Source: Bloomberg [#Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) ![The Global Fixed Income Landscape Regains Its Color! ๐Ÿ“ˆ๐ŸŒ](https://blog.syzgroup.com/hubfs/202311_Bloomberg%20Global%20Agg%20index%20-%20TTR%20YTD.png) ![The Global Fixed Income Landscape Regains Its Color! ๐Ÿ“ˆ๐ŸŒ](https://blog.syzgroup.com/hubfs/202311_Bloomberg%20Global%20Agg%20index%20-%20TTR%20YTD.png) โฎโฎ [โฎ](https://blog.syzgroup.com/syz-the-moment/page/1171) [1170](https://blog.syzgroup.com/syz-the-moment/page/1170) [1171](https://blog.syzgroup.com/syz-the-moment/page/1171) [1172](https://blog.syzgroup.com/syz-the-moment/page/1172) [1173](https://blog.syzgroup.com/syz-the-moment/page/1173) [1174](https://blog.syzgroup.com/syz-the-moment/page/1174) [โฏ](https://blog.syzgroup.com/syz-the-moment/page/1173) [โฏโฏ](https://blog.syzgroup.com/syz-the-moment/page/1250?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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