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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 16 Nov 2023 - - - #### Since the end of 2012, the S&P 500 has more than tripled, rising by 216.2% Of that increase, eight megacap stocks have accounted for just under half of the total gain. Source: Bespoke [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Since the end of 2012, the S&P 500 has more than tripled, rising by 216.2%](https://blog.syzgroup.com/hubfs/1700086930567.jpg) ![Since the end of 2012, the S&P 500 has more than tripled, rising by 216.2%](https://blog.syzgroup.com/hubfs/1700086930567.jpg) 16 Nov 2023 - - - #### There are few assets that can provide meaningful diversification benefit in a portfolio, particularly from a real return / purchasing power standpoint In an environment where stocks and bonds are so highly correlated, notable to see the low correlation across commodities - Source: Bob Elliott. [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![There are few assets that can provide meaningful diversification benefit in a portfolio, particularly from a real return / purchasing power standpoint](https://blog.syzgroup.com/hubfs/1700031252766.jpg) ![There are few assets that can provide meaningful diversification benefit in a portfolio, particularly from a real return / purchasing power standpoint](https://blog.syzgroup.com/hubfs/1700031252766.jpg) 15 Nov 2023 - - - #### In case you missed it: Tuesday's rally was not driven solely by the Magnificent 7 Russell 2000 index of small-cap stocks soared a staggering 5.4%, as investors bet the Fed is done raising rates and could be cutting interest rates much sooner than expected. Source: HolgerZ, Bloomberg [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![In case you missed it: Tuesday's rally was not driven solely by the Magnificent 7](https://blog.syzgroup.com/hubfs/1700030482418.jpg) ![In case you missed it: Tuesday's rally was not driven solely by the Magnificent 7](https://blog.syzgroup.com/hubfs/1700030482418.jpg) 15 Nov 2023 - - - #### "Mag 7" darling Nvidia $NVDA finished the day with its highest closing price in history And the stock has now traded green for 10 consecutive trading days, its longest winning streak since December 2016. Source: Barchart [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![](https://blog.syzgroup.com/hubfs/1699998991164.jpg) ![](https://blog.syzgroup.com/hubfs/1699998991164.jpg) 15 Nov 2023 - - - #### Dividend stocks have been horrendous in 2023 The 100 highest yielding stocks in the S&P had an average total return of -7.94% through last Friday compared to an average gain of 8.94% for the 100 (exactly) stocks in the index that pay no dividend. Source: Bespoke [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Dividend stocks have been horrendous in 2023](https://blog.syzgroup.com/hubfs/1699971164693.jpg) ![Dividend stocks have been horrendous in 2023](https://blog.syzgroup.com/hubfs/1699971164693.jpg) 13 Nov 2023 - - - #### Stock markets care much more about US Treasury auctions now than they used to Chart from Citi’s Stuart Kaiser thus Lisa Abramowitz [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![Stock markets care much more about US Treasury auctions now than they used to](https://blog.syzgroup.com/hubfs/1699826527725.jpg) ![Stock markets care much more about US Treasury auctions now than they used to](https://blog.syzgroup.com/hubfs/1699826527725.jpg) 13 Nov 2023 - - - #### 2023 has been the polar opposite of 2022: -Worst performing areas of the equity market in 2022 (Nasdaq/Tech/Growth) have been the best performers in 2023. -Best performers from 2022 (Energy/Value/Equal Weight) have been the worst in 2023. Source: Charlie Bilello [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![2023 has been the polar opposite of 2022:](https://blog.syzgroup.com/hubfs/1699819541382.jpg) ![2023 has been the polar opposite of 2022:](https://blog.syzgroup.com/hubfs/1699819541382.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) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/298) [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) [300](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/300) [301](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/301) [❯](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/300) [❯❯](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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