--- title: Syz The Moment (15) description: Syz The Moment (15) --- [![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) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [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 8 Oct 2026 - - - #### ALL 19 Fed officials BACKED a 25bp RATE HIKE in September. Most officials also said ANOTHER rate increase would likely be appropriate by YEAR-END. Almost all saw inflation risks tilted to the upside, with some warning the AI investment boom could push demand beyond supply and add further price pressure. The Fed also sees the labor market near full employment, while financial conditions remain supportive despite higher Treasury yields. Source: Coinbureau [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![ALL 19 Fed officials BACKED a 25bp RATE HIKE in September.](https://blog.syzgroup.com/hubfs/1791402190030.jpg) ![ALL 19 Fed officials BACKED a 25bp RATE HIKE in September.](https://blog.syzgroup.com/hubfs/1791402190030.jpg) 8 Oct 2026 - - - #### How do Chinese AI firms make money? In a new report, cherylwoooo and ansonwhho identify five revenue sources and analyze how much each contributes. 🧵 Source: Epoch AI [#AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [#china](https://blog.syzgroup.com/syz-the-moment/tag/china) ![How do Chinese AI firms make money?](https://blog.syzgroup.com/hubfs/1791382395155.jpg) ![How do Chinese AI firms make money?](https://blog.syzgroup.com/hubfs/1791382395155.jpg) 8 Oct 2026 - - - #### France's debt crisis just hit its banks. Just 6 weeks ago, insuring SocGen against default cost the same as Deutsche. Today it costs €16.5K more a year for every €10M insured. The extra interest France pays vs Germany is at its HIGHEST since the euro debt crisis 16 years ago. Can a sovereign crisis translate to a banking crisis? Source: Barchart [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![France's debt crisis just hit its banks.](https://blog.syzgroup.com/hubfs/1791435846377.jpg) ![France's debt crisis just hit its banks.](https://blog.syzgroup.com/hubfs/1791435846377.jpg) 8 Oct 2026 - - - #### A very important chart: Market is piling into quality factor (healthy balance sheets, i.e. low debt), while dumping most shorted (they are shorted for a reason). Source: zerohedge [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![A very important chart: Market is piling into quality factor (healthy balance sheets, i.e. low debt), while dumping most shorted (they are shorted for a reason).](https://blog.syzgroup.com/hubfs/1791436369737.jpg) ![A very important chart: Market is piling into quality factor (healthy balance sheets, i.e. low debt), while dumping most shorted (they are shorted for a reason).](https://blog.syzgroup.com/hubfs/1791436369737.jpg) 8 Oct 2026 - - - #### Michael Burry has spent nearly 18 years trying to make The Big Short 2 happen. Source: Shay Boloor [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Michael Burry has spent nearly 18 years trying to make The Big Short 2 happen.](https://blog.syzgroup.com/hubfs/1791400752598.jpg) ![Michael Burry has spent nearly 18 years trying to make The Big Short 2 happen.](https://blog.syzgroup.com/hubfs/1791400752598.jpg) 8 Oct 2026 - - - #### "Most ridiculous IPO of 2026"? Really? New Constructs values Anthropic at $150bn, against the reported $2tn target. Their case rests on two numbers, and both are misleading. ❌ "$4.6bn revenue" → that's 2025. The run-rate passed $65bn in July, and Q2 revenue alone was $11.5bn (14x YoY). ❌ "$42bn loss" → about $34bn of it is a non-cash charge on convertible financing. It exists because the valuation went UP. Meanwhile: ✅ Adjusted operating profit two quarters running ✅ Compute cost per $ of revenue: 71¢ → 56¢ ✅ ~40% enterprise LLM share, while open source's share of enterprise workloads is falling At $2tn, that's ~31x run-rate sales and ~10x projected 2028 revenue. This is not WeWork. The real risks are customer concentration, $518bn of compute commitments and fierce competition. So the question isn't "is this a viable business?" It's "how much of 2028 is already priced in?" Where do you stand? 👇 [#Technology|](https://blog.syzgroup.com/syz-the-moment/tag/technology) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![](https://blog.syzgroup.com/hubfs/1791437787365.jpg) ![](https://blog.syzgroup.com/hubfs/1791437787365.jpg) 8 Oct 2026 - - - #### The top 10 central bank gold reserves Source: Hedgeye Bloomberg [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![The top 10 central bank gold reserves](https://blog.syzgroup.com/hubfs/1791402980349.jpg) ![The top 10 central bank gold reserves](https://blog.syzgroup.com/hubfs/1791402980349.jpg) 8 Oct 2026 - - - #### Ratio of $RSP (equal-weighted S&P 500) to $SPY (market-cap weighted S&P 500) just hit a new all time low Source: zerohedge [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Ratio of $RSP (equal-weighted S&P 500) to $SPY (market-cap weighted S&P 500) just hit a new all time low](https://blog.syzgroup.com/hubfs/1791436006381.jpg) ![Ratio of $RSP (equal-weighted S&P 500) to $SPY (market-cap weighted S&P 500) just hit a new all time low](https://blog.syzgroup.com/hubfs/1791436006381.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/page/14) [13](https://blog.syzgroup.com/syz-the-moment/page/13) [14](https://blog.syzgroup.com/syz-the-moment/page/14) [15](https://blog.syzgroup.com/syz-the-moment/page/15) [16](https://blog.syzgroup.com/syz-the-moment/page/16) [17](https://blog.syzgroup.com/syz-the-moment/page/17) [❯](https://blog.syzgroup.com/syz-the-moment/page/16) [❯❯](https://blog.syzgroup.com/syz-the-moment/page/1251?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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