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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 Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) - [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) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [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) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [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) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [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) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [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) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [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 - - - #### SUMMARY OF FED MEETING MINUTES (11/21/23): 1\. All Fed Members agree to “proceed carefully” 2. Fed sees rates “remaining restrictive for some time” 3. Fed sees upside risks to inflation 4. Fed sees downside risks to growth 5. Meeting by meeting approach to resume It's amazing how US markets keep pricing cuts. When the Minutes reiterate, yet again, that while the Fed are cautious they still have a tightening bias. [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![SUMMARY OF FED MEETING MINUTES (11/21/23):](https://blog.syzgroup.com/hubfs/1700606426387.jpg) ![SUMMARY OF FED MEETING MINUTES (11/21/23):](https://blog.syzgroup.com/hubfs/1700606426387.jpg) 22 Nov 2023 - - - #### Ahead of Fed minutes... The market is now pricing in a 0% probability of a rate hike in December and rate cuts starting in May 2024 Source: Charlie Bilello [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Ahead of Fed minutes... The market is now pricing in a 0% probability of a rate hike in December and rate cuts starting in May 2024](https://blog.syzgroup.com/hubfs/1700586332476.jpg) ![Ahead of Fed minutes... The market is now pricing in a 0% probability of a rate hike in December and rate cuts starting in May 2024](https://blog.syzgroup.com/hubfs/1700586332476.jpg) 21 Nov 2023 - - - #### Fed monetary policy tightening (+525 basis points of interest rates hike + $1.15 Trillion of Fed balance sheet reduction) since 2022 has been quite brutal 2023 has been a miracle so far with headline inflation declining to 3% WITHOUT a recession and no increase in unemployment rate. But can it last? What could be the lagged effects of such a tightening? (chart courtesy of Tavi Costa) [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Fed monetary policy tightening (+525 basis points of interest rates hike + $1.15 Trillion of Fed balance sheet reduction) since 2022 has been quite brutal](https://blog.syzgroup.com/hubfs/1700503358179.jpg) ![Fed monetary policy tightening (+525 basis points of interest rates hike + $1.15 Trillion of Fed balance sheet reduction) since 2022 has been quite brutal](https://blog.syzgroup.com/hubfs/1700503358179.jpg) 21 Nov 2023 - - - #### central banks have become dominant holders Source: Michel A.Arouet [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) ![central banks have become dominant holders](https://blog.syzgroup.com/hubfs/1700485793753.jpg) ![central banks have become dominant holders](https://blog.syzgroup.com/hubfs/1700485793753.jpg) 13 Nov 2023 - - - #### Central bank liquidity and the Sp500 are experiencing a rather large divergence. Will it matter? Source: Markets & Mayhem [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Central bank liquidity and the Sp500 are experiencing a rather large divergence. Will it matter?](https://blog.syzgroup.com/hubfs/1699820134861.jpg) ![Central bank liquidity and the Sp500 are experiencing a rather large divergence. Will it matter?](https://blog.syzgroup.com/hubfs/1699820134861.jpg) 8 Nov 2023 - - - #### Will Lagarde / ECB cut rates sooner than anticipated ? Source: AndreasSteno [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Will Lagarde / ECB cut rates sooner than anticipated ?](https://blog.syzgroup.com/hubfs/1699383524512.jpg) ![Will Lagarde / ECB cut rates sooner than anticipated ?](https://blog.syzgroup.com/hubfs/1699383524512.jpg) 7 Nov 2023 - - - #### NY FED recession probability is on highs Unemployment is going up. Similar pattern was right before most previous recessions. Source: Wall Street Silver [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![NY FED recession probability is on highs](https://blog.syzgroup.com/hubfs/1699221002819.jpg) ![NY FED recession probability is on highs](https://blog.syzgroup.com/hubfs/1699221002819.jpg) 6 Nov 2023 - - - #### Even with gold near ATHs, central banks are still buying record tonnage of yellow metal... Source: FT [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Even with gold near ATHs, central banks are still buying record tonnage of yellow metal...](https://blog.syzgroup.com/hubfs/1699219876446.jpg) ![Even with gold near ATHs, central banks are still buying record tonnage of yellow metal...](https://blog.syzgroup.com/hubfs/1699219876446.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/central-banks/page/67) [66](https://blog.syzgroup.com/syz-the-moment/tag/central-banks/page/66) [67](https://blog.syzgroup.com/syz-the-moment/tag/central-banks/page/67) [68](https://blog.syzgroup.com/syz-the-moment/tag/central-banks/page/68) [69](https://blog.syzgroup.com/syz-the-moment/tag/central-banks/page/69) [70](https://blog.syzgroup.com/syz-the-moment/tag/central-banks/page/70) [❯](https://blog.syzgroup.com/syz-the-moment/tag/central-banks/page/69) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/central-banks/page/73?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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