--- title: Syz The Moment (2) description: Syz The Moment (2) --- [![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 22 Oct 2026 - - - #### The situation continues to tighten for France on the markets... 🔹10-year yield = 5.11% 🔹OAT-Bund spread \> 170 bps Source: Alexandre Baradez [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![The situation continues to tighten for France on the markets...](https://blog.syzgroup.com/hubfs/1792668602372.jpg) ![The situation continues to tighten for France on the markets...](https://blog.syzgroup.com/hubfs/1792668602372.jpg) 22 Oct 2026 - - - #### IBM is up nearly 10% today after reporting strong Q3 earnings, driven by AI that fueled profit and free cash flow growth. The Trump administration invested $1B into the stock back in May. They’re up ~$120M on the investment Source: Insiderwave [#earnings|](https://blog.syzgroup.com/syz-the-moment/tag/earnings) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![IBM is up nearly 10% today after reporting strong Q3 earnings, driven by AI that fueled profit and free cash flow growth.](https://blog.syzgroup.com/hubfs/1792646736158.jpg) ![IBM is up nearly 10% today after reporting strong Q3 earnings, driven by AI that fueled profit and free cash flow growth.](https://blog.syzgroup.com/hubfs/1792646736158.jpg) 21 Oct 2026 - - - #### France’s debt problem has no single political owner Decades of fiscal slippage have pushed debt towards 120% of GDP. Now the arithmetic is tightening: Higher yields → higher interest costs → wider deficits → more debt. Modest growth makes that cycle harder to break. Reforms face fierce resistance. Political instability makes lasting consolidation harder. France’s economic model faces a tougher test as borrowing costs rise and debt accumulates. The question reaches beyond Paris: Can France stabilise its finances before market pressure turns a national fiscal problem into a eurozone crisis? [#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 problem has no single political owner](https://blog.syzgroup.com/hubfs/1792473869776.jpg) ![France’s debt problem has no single political owner](https://blog.syzgroup.com/hubfs/1792473869776.jpg) 21 Oct 2026 - - - #### OpenAI's latest fundraising from SoftBank and MGX may be bad news OpenAI's latest fundraising \[$30BN (at $1.4TN) from SoftBank and MGX\] may be bad news for SoftBank but it helped anchor the company's valuation Odds OpenAI valuation hits $1.25TN by Dec 31 spike from 65% to 85%. Source: zerohedge @zerohedge Polymarket [#AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [#Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) ![OpenAI's latest fundraising from SoftBank and MGX may be bad news](https://blog.syzgroup.com/hubfs/1792527716346.jpg) ![OpenAI's latest fundraising from SoftBank and MGX may be bad news](https://blog.syzgroup.com/hubfs/1792527716346.jpg) 21 Oct 2026 - - - #### "AI is a fad. Nobody uses it to make money." In the meantime, revenue per worker continues to climb. Source: BofA, Lance Roberts @LanceRoberts [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![](https://blog.syzgroup.com/hubfs/1792527426585.jpg) ![](https://blog.syzgroup.com/hubfs/1792527426585.jpg) 21 Oct 2026 - - - #### Still no AI slowdown... Source: The Long View @HayekAndKeynes [#Technology|](https://blog.syzgroup.com/syz-the-moment/tag/technology) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Still no AI slowdown...](https://blog.syzgroup.com/hubfs/1792528384246.jpg) ![Still no AI slowdown...](https://blog.syzgroup.com/hubfs/1792528384246.jpg) 21 Oct 2026 - - - #### What if AI’s biggest risk is building too little infrastructure? A forecast attributed to JPMorgan puts global AI compute demand at roughly 530 GW by 2031. Projected supply? 250 GW. That leaves a 280 GW shortfall—even as supply potentially quadruples between 2025 and 2031. The projected gap would grow from around 50 GW today to nearly 280 GW. The investment implications extend across the infrastructure stack: → Neoclouds: Nebius ($NBIS) and CoreWeave ($CRWV) could benefit from sustained demand for scarce GPU capacity. → Chips: NVIDIA ($NVDA) and AMD ($AMD) supply the accelerators. → Memory: Micron ($MU) helps address growing memory requirements. → Physical infrastructure: Networking, storage, electricity and cooling determine how much capacity actually comes online. Persistent shortages could support pricing, utilisation and longer contracts. Execution, financing costs and hardware depreciation will still determine investor returns. Much of the debate centres on whether AI companies are spending too much. These projections raise another question: Can the industry build fast enough to meet demand? Chips must be manufactured. Power secured. Data centres connected. If this scenario plays out, some of AI’s biggest winners could be the companies removing those bottlenecks. Source: JPM, Milk Road AI [#Technology|](https://blog.syzgroup.com/syz-the-moment/tag/technology) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![What if AI’s biggest risk is building too little infrastructure?](https://blog.syzgroup.com/hubfs/1792528792313.jpg) ![What if AI’s biggest risk is building too little infrastructure?](https://blog.syzgroup.com/hubfs/1792528792313.jpg) 21 Oct 2026 - - - #### Here are JP Morgan 2027 Long-Term Capital Market Assumptions including its first explicit #bitcoin return range Source: JP Morgan [#banking|](https://blog.syzgroup.com/syz-the-moment/tag/banking) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Here are JP Morgan 2027 Long-Term Capital Market Assumptions including its first explicit #bitcoin return range](https://blog.syzgroup.com/hubfs/1792529246815.jpg) ![Here are JP Morgan 2027 Long-Term Capital Market Assumptions including its first explicit #bitcoin return range](https://blog.syzgroup.com/hubfs/1792529246815.jpg) [❮](https://blog.syzgroup.com/syz-the-moment/page/1) [1](https://blog.syzgroup.com/syz-the-moment/page/1) [2](https://blog.syzgroup.com/syz-the-moment/page/2) [3](https://blog.syzgroup.com/syz-the-moment/page/3) [4](https://blog.syzgroup.com/syz-the-moment/page/4) [5](https://blog.syzgroup.com/syz-the-moment/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/page/3) [❯❯](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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