--- title: Syz The Moment (1201) description: Syz The Moment (1201) --- [![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) - [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 27 Oct 2023 - - - #### The US housing market conundrum -\> New home sales just surged 12.3% month-over-month in September, the largest jump since August 2022. Even as mortgage rates push above 8% for the first time in 23 years, new home sales are surging. The gap between new home sales and mortgage rates has never been wider. Why is this happening? Explanation by The Kobeissi Letter: -\> Homebuilders are taking on some of the cost of higher mortgages AND existing home sales are at their lowest since 2010. New homes are the only option for buyers and homebuilders are helping pay for it. Source: The Kobeissi Letter, www.zerohedge.com [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The US housing market conundrum -\>](https://blog.syzgroup.com/hubfs/1698250115259-1.jpg) ![The US housing market conundrum -\>](https://blog.syzgroup.com/hubfs/1698250115259-1.jpg) 26 Oct 2023 - - - #### Nikkei 225 Index testing again support zone Nikkei 225 Index (NKY) is testing again support zone 30'480-30'680. Keep an eye. Source : Bloomberg [#technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) ![Nikkei 225 Index testing again support zone](https://blog.syzgroup.com/hubfs/NKY%20Index%202.png) ![Nikkei 225 Index testing again support zone](https://blog.syzgroup.com/hubfs/NKY%20Index%202.png) 26 Oct 2023 - - - #### The money market yield spike upends a ton of business models. In this case, landlording in the US Inded, multifamily cap rate is now BELOW cash rate... Source: Jeff Weniger [#United States|](https://blog.syzgroup.com/syz-the-moment/tag/united-states) [#investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) ![The money market yield spike upends a ton of business models. In this case, landlording in the US](https://blog.syzgroup.com/hubfs/1698261480870.jpg) ![The money market yield spike upends a ton of business models. In this case, landlording in the US](https://blog.syzgroup.com/hubfs/1698261480870.jpg) 26 Oct 2023 - - - #### Bitcoin has outperformed equities, gold and USD year-to-date It has increased by more than 100% this year, despite: \- War Conflict - Elevated inflation - Rising oil prices - High-interest rates This is what happens when institutions like Blackrock jump on board Institutional adoption is going to be a major theme for this asset class. Source: Game of Trades [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Bitcoin has outperformed equities, gold and USD year-to-date It has increased by more than 100% this year, despite:](https://blog.syzgroup.com/hubfs/1698261795998.jpg) ![Bitcoin has outperformed equities, gold and USD year-to-date It has increased by more than 100% this year, despite:](https://blog.syzgroup.com/hubfs/1698261795998.jpg) 26 Oct 2023 - - - #### OpenAI valuation in perspective - chart by Chartr Talk is meant to be cheap, but OpenAI, the force behind the viral hit ChatGPT, has turned it into an absolute goldmine, with the company currently in discussions to sell shares at a valuation of $86 billion. That's a remarkable three-fold increase from just 6 months ago, with the WSJ reporting an initial range of $80-90bn, before Bloomberg narrowed the figure to around $86bn, citing sources familiar with the matter. That would place OpenAI among the most valuable tech startups in the world, only behind giants like ByteDance (TikTok owner) and SpaceX. For context, it’s also roughly equivalent to the value of 12 of the biggest consumer brands in America combined — a theoretical corporate frankenstein including SNAP, The New York Times, Etsy, Domino’s and 8 others. [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![OpenAI valuation in perspective - chart by Chartr](https://blog.syzgroup.com/hubfs/1698294056444.jpg) ![OpenAI valuation in perspective - chart by Chartr](https://blog.syzgroup.com/hubfs/1698294056444.jpg) 26 Oct 2023 - - - #### Meta’s ad rebound gets huge assist from China even though its services are banned there Meta may be banned from operating in China, but the company is counting on advertisers there to boost its growth. Finance chief Susan Li told analysts on Wednesday’s earnings call that Chinese companies played a major role this quarter. Online commerce and gaming “benefited from spend among advertisers in China reaching customers in other markets,” Li said. Source: CNBC [#meta|](https://blog.syzgroup.com/syz-the-moment/tag/meta) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Meta’s ad rebound gets huge assist from China even though its services are banned there](https://blog.syzgroup.com/hubfs/1698297053679.jpg) ![Meta’s ad rebound gets huge assist from China even though its services are banned there](https://blog.syzgroup.com/hubfs/1698297053679.jpg) 26 Oct 2023 - - - #### How long does it take for the FED to break the corporate bond market? 2008 : 1 year of plateau, resulted in credit event after another 1 full year. (Total 2 years) 2020 : 7 months of plateau, resulted in credit event after 6 months. (Total 13 months, 54% of 2008) 2023 : it's been 3 months into plateau so far. Chart made from MacroMicroMe - source: James Choi [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) ![How long does it take for the FED to break the corporate bond market?](https://blog.syzgroup.com/hubfs/1698249629447.jpg) ![How long does it take for the FED to break the corporate bond market?](https://blog.syzgroup.com/hubfs/1698249629447.jpg) 26 Oct 2023 - - - #### $MSFT FY Q1 2024 in perspective Revenue +13% \*Prod. & Business +13% \*Intelligent Cloud +19% \*Pers. Computing +3% \*Azure +29% \*LinkedIn +8% \*Xbox C&S +13% EBIT +25% \*marg 48% (43) EPS +27% Source: Quartr [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) ![$MSFT FY Q1 2024 in perspective](https://blog.syzgroup.com/hubfs/1698233145958.jpg) ![$MSFT FY Q1 2024 in perspective](https://blog.syzgroup.com/hubfs/1698233145958.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/page/1200) [1199](https://blog.syzgroup.com/syz-the-moment/page/1199) [1200](https://blog.syzgroup.com/syz-the-moment/page/1200) [1201](https://blog.syzgroup.com/syz-the-moment/page/1201) [1202](https://blog.syzgroup.com/syz-the-moment/page/1202) [1203](https://blog.syzgroup.com/syz-the-moment/page/1203) [❯](https://blog.syzgroup.com/syz-the-moment/page/1202) [❯❯](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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