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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 24 Nov 2023 - - - #### A gauge of early-stage small, mid-cap growth stocks in China has rallied 40% within just a few weeks Source: David Ingles, Bloomberg [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![A gauge of early-stage small, mid-cap growth stocks in China has rallied 40% within just a few weeks](https://blog.syzgroup.com/hubfs/1700808626427.jpg) ![A gauge of early-stage small, mid-cap growth stocks in China has rallied 40% within just a few weeks](https://blog.syzgroup.com/hubfs/1700808626427.jpg) 23 Nov 2023 - - - #### Consensus expects Net margins for the Magnificent 7 to stay significantly higher than the rest of the S&P 500 Source: Goldman Sachs, TME [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Consensus expects Net margins for the Magnificent 7 to stay significantly higher than the rest of the S&P 500](https://blog.syzgroup.com/hubfs/1700691118453.jpg) ![Consensus expects Net margins for the Magnificent 7 to stay significantly higher than the rest of the S&P 500](https://blog.syzgroup.com/hubfs/1700691118453.jpg) 23 Nov 2023 - - - #### The Nasdaq 100 and S&P 500 ETFs are now less than 2% below their all-time high while the Russell 2000 ETF (small caps) is 24% below its high and the ARK Innovation ETF is 71% below its high Source: Charlie Bilello [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![The Nasdaq 100 and S&P 500 ETFs are now less than 2% below their all-time high while the Russell 2000 ETF (small caps) is 24% below its high and the ARK Innovation ETF is 71% below its high](https://blog.syzgroup.com/hubfs/1700685711028.jpg) ![The Nasdaq 100 and S&P 500 ETFs are now less than 2% below their all-time high while the Russell 2000 ETF (small caps) is 24% below its high and the ARK Innovation ETF is 71% below its high](https://blog.syzgroup.com/hubfs/1700685711028.jpg) 23 Nov 2023 - - - #### The rally in US stocks in recent weeks has taken attention away from what looks like a pretty concerning forward picture from earnings releases Q4 earnings expectations have come down considerably in recent weeks, in contrast with equity market strength. Source: Bob Elliott, Factset [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The rally in US stocks in recent weeks has taken attention away from what looks like a pretty concerning forward picture from earnings releases](https://blog.syzgroup.com/hubfs/1700658532042.jpg) ![The rally in US stocks in recent weeks has taken attention away from what looks like a pretty concerning forward picture from earnings releases](https://blog.syzgroup.com/hubfs/1700658532042.jpg) 22 Nov 2023 - - - #### A look back on just how rapid Nvidia's $NVDA data center growth has been · +79.7% CAGR since Q3 FY17's $240M revenue. · Reached record levels at $1.9B in Q3 FY21. · Grown 664% since then to $14.51B in Q3 FY24. · Projected to reach $46.6B in FY24, 56x more than FY17's $830M. Source: Beth Kindig [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![A look back on just how rapid Nvidia's $NVDA data center growth has been](https://blog.syzgroup.com/hubfs/1700635887257.jpg) ![A look back on just how rapid Nvidia's $NVDA data center growth has been](https://blog.syzgroup.com/hubfs/1700635887257.jpg) 22 Nov 2023 - - - #### YTD performance Mag 7: +105% S&P 500: +19% Source: TME [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![YTD performance](https://blog.syzgroup.com/hubfs/1700577039003.jpg) ![YTD performance](https://blog.syzgroup.com/hubfs/1700577039003.jpg) 22 Nov 2023 - - - #### Microsoft is now clearly ahead of Alphabet again in the AI race on the stock market Source: HolgerZ, Bloomberg [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Microsoft is now clearly ahead of Alphabet again in the AI race on the stock market](https://blog.syzgroup.com/hubfs/1700562747368.jpg) ![Microsoft is now clearly ahead of Alphabet again in the AI race on the stock market](https://blog.syzgroup.com/hubfs/1700562747368.jpg) 21 Nov 2023 - - - #### US bank stocks never recovered from the regional banking crisis. Currently, US bank stocks are at record lows relative to the S&P 500 According to Moodys, major US banks are sitting on $650 billion in unrealized losses. Meanwhile, the looming commercial real estate (CRE) crisis has small banks in question. Small banks currently hold ~70% of all CRE loans in the US, $1.5 trillion of which need to be refinanced by 2025. Source: BofA, The Kobeissi Letter [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) ![US bank stocks never recovered from the regional banking crisis. Currently, US bank stocks are at record lows relative to the S&P 500](https://blog.syzgroup.com/hubfs/1700518337948.jpg) ![US bank stocks never recovered from the regional banking crisis. Currently, US bank stocks are at record lows relative to the S&P 500](https://blog.syzgroup.com/hubfs/1700518337948.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/296) [295](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/295) [296](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/296) [297](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/297) [298](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/298) [299](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/299) [❯](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/298) [❯❯](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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