--- title: Syz The Moment (1203) description: Syz The Moment (1203) --- [![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 26 Oct 2023 - - - #### Georg Fischer reached major support Georg Fischer (GF SW) is now down 35% since March ! Stock just tested major support 45.86, this was July and September 2022 lows. Keep an eye at the close. Source : Bloomberg [#technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) ![Georg Fischer reached major support](https://blog.syzgroup.com/hubfs/GF%20SW.png) ![Georg Fischer reached major support](https://blog.syzgroup.com/hubfs/GF%20SW.png) 25 Oct 2023 - - - #### Alphabet under pressure after earnings Alphabet (GOOGL US) is down more than 8% after earnings. Stock is testing support 127.22 (latest swing low). Keep an eye at the closing price. Source : Bloomberg [#technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) ![Alphabet under pressure after earnings](https://blog.syzgroup.com/hubfs/GOOGL%20US-1.png) ![Alphabet under pressure after earnings](https://blog.syzgroup.com/hubfs/GOOGL%20US-1.png) 25 Oct 2023 - - - #### Cloud growth is all what matters to the market these days Unlike Alphabet/Google, Microsoft shares jumped as much as 6% in extended trading Tuesday after the software maker issued fiscal first-quarter results and quarterly revenue guidance that beat Wall Street estimates. Microsoft’s Intelligent Cloud segment produced $24.26 billion in revenue, up 19% and above the $23.49 billion consensus among analysts surveyed by StreetAccount. The unit comprises the Azure public cloud, SQL Server, Windows Server, Visual Studio, Nuance, GitHub and enterprise services. The firm also reported a surge in profit due to a slower pace of operating expense growth. In a nutshell: $MSFT Microsoft Q1 FY24 (ending in Sept): • Revenue +13% Y/Y to $56.5B ($1.95B beat). • Gross margin 71% (+2pp Y/Y) • Operating margin 48% (+5pp Y/Y). • EPS $2.99 ($0.34 beat). ☁️ Azure +28% fx neutral. Reaccelerating from +27% in Q4 FY23 Source: App Economy Insights [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) ![Cloud growth is all what matters to the market these days](https://blog.syzgroup.com/hubfs/1698232586482.jpg) ![Cloud growth is all what matters to the market these days](https://blog.syzgroup.com/hubfs/1698232586482.jpg) 25 Oct 2023 - - - #### German business outlook is improving, feeding rebound hopes Ifo expectations index rose to 84.7 in Oct, up from 83.1 in Sep and way better than BBG consensus of 83.5. "What we see here does suggest that we see a certain stabilization,” Ifo President Clemens Fuest told BBG. “The German economy will be shrinking this year, but for the final quarter we do expect a stabilization, slight growth.” Source: HolgerZ, Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![German business outlook is improving, feeding rebound hopes](https://blog.syzgroup.com/hubfs/1698232367597.jpg) ![German business outlook is improving, feeding rebound hopes](https://blog.syzgroup.com/hubfs/1698232367597.jpg) 25 Oct 2023 - - - #### Alphabet reported 11% revenue growth in the third quarter, as a rebound in advertising pushed expansion into double digits for the first time in over a year The shares dropped almost 7% in extended trading as the cloud business missed analysts’ estimates. In a nutshell: $GOOG Alphabet Q3 FY23: • Revenue +11% Y/Y to $76.7B ($1.0B beat) • Operating margin 28% (+3pp Y/Y) • EPS $1.55 ($0.10 beat) Google Cloud: • Revenue +22% Y/Y to $8.4B. • Operating margin 3% (+13pp Y/Y). Source: App Economy Insights [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) ![Alphabet reported 11% revenue growth in the third quarter, as a rebound in advertising pushed expansion into double digits for the first time in over a year](https://blog.syzgroup.com/hubfs/1698232251532.jpg) ![Alphabet reported 11% revenue growth in the third quarter, as a rebound in advertising pushed expansion into double digits for the first time in over a year](https://blog.syzgroup.com/hubfs/1698232251532.jpg) 25 Oct 2023 - - - #### Equities tend to sell off with bonds when interest rates rise beyond 5% Source: GS, TME (European equities in this case) [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Equities tend to sell off with bonds when interest rates rise beyond 5%](https://blog.syzgroup.com/hubfs/1698176615583.jpg) ![Equities tend to sell off with bonds when interest rates rise beyond 5%](https://blog.syzgroup.com/hubfs/1698176615583.jpg) 25 Oct 2023 - - - #### CTAs are running equity shorts, global as well as US Source: TME, GS [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![CTAs are running equity shorts, global as well as US](https://blog.syzgroup.com/hubfs/1698176520171.jpg) ![CTAs are running equity shorts, global as well as US](https://blog.syzgroup.com/hubfs/1698176520171.jpg) 25 Oct 2023 - - - #### We have not seen NASDAQ move lower with $BTC exploding to the upside in a long time Source: TME, Refinitiv [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![We have not seen NASDAQ move lower with $BTC exploding to the upside in a long time](https://blog.syzgroup.com/hubfs/1698176400748.jpg) ![We have not seen NASDAQ move lower with $BTC exploding to the upside in a long time](https://blog.syzgroup.com/hubfs/1698176400748.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/page/1202) [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) [1204](https://blog.syzgroup.com/syz-the-moment/page/1204) [1205](https://blog.syzgroup.com/syz-the-moment/page/1205) [❯](https://blog.syzgroup.com/syz-the-moment/page/1204) [❯❯](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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