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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 7 Dec 2023 - - - #### JUST IN: SpaceX has initiated discussions about selling insider shares at a valuation of $175 billion or more The shares are expected to be sold at $95 each. The $175 billion valuation is a premium to the $150 billion valuation obtained this summer. If SpaceX went public, it would be one of the largest IPOs of all time. Source: The Kobeissi Letter [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![JUST IN: SpaceX has initiated discussions about selling insider shares at a valuation of $175 billion or more](https://blog.syzgroup.com/hubfs/1701923179184.jpg) ![JUST IN: SpaceX has initiated discussions about selling insider shares at a valuation of $175 billion or more](https://blog.syzgroup.com/hubfs/1701923179184.jpg) 6 Dec 2023 - - - #### Most of this year's Dax rally is driven by higher EPS expectations, not P/E expansion. Dax has gained 18% year-to-date while Dax P/E has expanded only 6% from 11.5 to 12.2 Source: Bloomberg, HolgerZ [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Most of this year's Dax rally is driven by higher EPS expectations, not P/E expansion. Dax has gained 18% year-to-date while Dax P/E has expanded only 6% from 11.5 to 12.2](https://blog.syzgroup.com/hubfs/1701874813932.jpg) ![Most of this year's Dax rally is driven by higher EPS expectations, not P/E expansion. Dax has gained 18% year-to-date while Dax P/E has expanded only 6% from 11.5 to 12.2](https://blog.syzgroup.com/hubfs/1701874813932.jpg) 6 Dec 2023 - - - #### INDIA IN THE TOP 5! India's stock market hit a milestone this week. It's now a $4 trillion market. Here's how that looks alongside the world's biggest. Source: David Ingles, Bloomberg [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![INDIA IN THE TOP 5!](https://blog.syzgroup.com/hubfs/1701843072257.jpg) ![INDIA IN THE TOP 5!](https://blog.syzgroup.com/hubfs/1701843072257.jpg) 6 Dec 2023 - - - #### Liquidity continue to matters for stocks Source: www.zerohedge.com, Bloomberg [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Liquidity continue to matters for stocks](https://blog.syzgroup.com/hubfs/1701814748402.jpg) ![Liquidity continue to matters for stocks](https://blog.syzgroup.com/hubfs/1701814748402.jpg) 6 Dec 2023 - - - #### (Source: Bespoke) As shown in the chart below, the S&P 500 total return is within 1.1% of its prior all-time high from 1/3/22 In addition to nearing its prior highs, the pattern of the S&P 500 looks a lot like a cup and handle which technicians consider to be a bullish formation. Source: J-C Gand [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![(Source: Bespoke) As shown in the chart below, the S&P 500 total return is within 1.1% of its prior all-time high from 1/3/22](https://blog.syzgroup.com/hubfs/1701779720819.jpg) ![(Source: Bespoke) As shown in the chart below, the S&P 500 total return is within 1.1% of its prior all-time high from 1/3/22](https://blog.syzgroup.com/hubfs/1701779720819.jpg) 5 Dec 2023 - - - #### The P/E ratio on the S&P 500 is currently 21.3, with a multiple expansion of 9% in 2023 The average P/E ratio for the S&P 500 since 1989 is 19.2. Source: Charlie Bilello [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) ![The P/E ratio on the S&P 500 is currently 21.3, with a multiple expansion of 9% in 2023](https://blog.syzgroup.com/hubfs/1701766506114.jpg) ![The P/E ratio on the S&P 500 is currently 21.3, with a multiple expansion of 9% in 2023](https://blog.syzgroup.com/hubfs/1701766506114.jpg) 5 Dec 2023 - - - #### BREAKING 🚨: Chinese Stocks have fallen to their lowest prices in 5 years Source: barchart [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![BREAKING 🚨: Chinese Stocks have fallen to their lowest prices in 5 years](https://blog.syzgroup.com/hubfs/1701766313567.jpg) ![BREAKING 🚨: Chinese Stocks have fallen to their lowest prices in 5 years](https://blog.syzgroup.com/hubfs/1701766313567.jpg) 5 Dec 2023 - - - #### Unprofitable Tech stocks continue to outperform the Magnificent 7, with the latter now back at support levels seen in the early summer relative to the unprofitable names... Source: www.zerohedge.com, Bloomberg [#Technology|](https://blog.syzgroup.com/syz-the-moment/tag/technology) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Unprofitable Tech stocks continue to outperform the Magnificent 7, with the latter now back at support levels seen in the early summer relative to the unprofitable names...](https://blog.syzgroup.com/hubfs/1701725617170.jpg) ![Unprofitable Tech stocks continue to outperform the Magnificent 7, with the latter now back at support levels seen in the early summer relative to the unprofitable names...](https://blog.syzgroup.com/hubfs/1701725617170.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/293) [292](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/292) [293](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/293) [294](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/294) [295](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/295) [296](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/296) [❯](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/295) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/312?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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