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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 21 Nov 2025 - - - #### Nasdaq 100 yesterday 9:30am vs. 4:00pm Source: Brew markets [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Nasdaq 100 yesterday 9:30am vs. 4:00pm](https://blog.syzgroup.com/hubfs/7-Nov-21-2025-02-41-48-7946-PM.jpg) ![Nasdaq 100 yesterday 9:30am vs. 4:00pm](https://blog.syzgroup.com/hubfs/7-Nov-21-2025-02-41-48-7946-PM.jpg) 21 Nov 2025 - - - #### According to a Bloomberg article, Michael Saylor’s company, Strategy $MSTR, faces one of its most significant challenges yet: the risk of being removed from major stock indexes like the MSCI USA and the Nasdaq 100, according to JPMorgan analysts. Such exclusions could trigger up to $2.8B in outflows from MSCI-linked funds alone and threaten nearly $9B of passive exposure tied to the company. A decision is expected by January 15, 2026. The threat strikes at the core of Strategy’s identity. The firm became a mainstream proxy for bitcoin by issuing stock to buy bitcoin, then using rising BTC prices to fuel more issuance and accumulation. At one point, the company traded at a large premium above its Bitcoin reserves — but that premium has now evaporated, reflecting weaker investor conviction. MSCI is reconsidering its index rules, proposing to exclude companies whose digital asset holdings exceed 50% of total assets, classifying them more like investment funds. This puts Strategy directly in the crosshairs. Meanwhile, both Bitcoin and Strategy’s share price have plunged, with the stock down more than 60% from its peak and Bitcoin down over 30% from its recent high—breaking the feedback loop that once boosted Strategy’s valuation with each BTC purchase. Its equity now trades only slightly above the value of its Bitcoin holdings. Despite the pressure, Saylor continues aggressively buying Bitcoin—adding 8,178 BTC this week, bringing total holdings to 649,870 BTC. [#Crypto|](https://blog.syzgroup.com/syz-the-moment/tag/crypto) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![According to a Bloomberg article, Michael Saylor’s company, Strategy $MSTR, faces one of its most significant challenges yet:](https://blog.syzgroup.com/hubfs/5-Nov-21-2025-02-38-47-6144-PM.jpg) ![According to a Bloomberg article, Michael Saylor’s company, Strategy $MSTR, faces one of its most significant challenges yet:](https://blog.syzgroup.com/hubfs/5-Nov-21-2025-02-38-47-6144-PM.jpg) 21 Nov 2025 - - - #### If markets keep sliding, Goldman’s “down big” scenario implies CTAs could unload ~$220bn of global equities over the next month. Source: The Market Ear, Goldman Sachs [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![If markets keep sliding, Goldman’s “down big” scenario implies CTAs could unload ~$220bn of global equities over the next month.](https://blog.syzgroup.com/hubfs/1-Nov-21-2025-02-31-42-7129-PM.jpg) ![If markets keep sliding, Goldman’s “down big” scenario implies CTAs could unload ~$220bn of global equities over the next month.](https://blog.syzgroup.com/hubfs/1-Nov-21-2025-02-31-42-7129-PM.jpg) 20 Nov 2025 - - - #### Walmart to Transfer Stock Exchange Listing to Nasdaq Walmart Inc today announced it will transfer the listing of its common stock to The Nasdaq Stock Market LLC (Nasdaq). The company expects its common stock to begin trading on the Nasdaq Global Select Market on December 9, 2025, under its current ticker symbol "WMT". source : bloomberg [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Walmart to Transfer Stock Exchange Listing to Nasdaq](https://blog.syzgroup.com/hubfs/10-Nov-20-2025-03-31-56-1961-PM.jpg) ![Walmart to Transfer Stock Exchange Listing to Nasdaq](https://blog.syzgroup.com/hubfs/10-Nov-20-2025-03-31-56-1961-PM.jpg) 20 Nov 2025 - - - #### Nvidia $NVDA said sales to just its number one largest customer represented 22% of its total $57 Billion of revenue during Q3 That means someone spent $12.5 Billion with Nvidia during the quarter 🤯 61% of Nvidia $NVDA Q3 revenue came from just 4 customers: $12.54B – Customer A (22%) $8.55B – Customer B (15%) $7.41B – Customer C (13%) $6.27B – Customer D (11%) So who are A, B, C, D in your view ??? Source: Wall St Engine on X, Evan on X [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) ![Nvidia $NVDA said sales to just its number one largest customer represented 22% of its total $57 Billion of revenue during Q3](https://blog.syzgroup.com/hubfs/9-Nov-20-2025-03-29-40-2865-PM.jpg) ![Nvidia $NVDA said sales to just its number one largest customer represented 22% of its total $57 Billion of revenue during Q3](https://blog.syzgroup.com/hubfs/9-Nov-20-2025-03-29-40-2865-PM.jpg) 20 Nov 2025 - - - #### 45% of fund managers surveyed by Bank of America in November said an "AI bubble" was the biggest tail risk for markets, spiking from just 11% in September. Over half of these investors said they think AI stocks are already in a bubble. Source: BofA [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![45% of fund managers surveyed by Bank of America in November said an ](https://blog.syzgroup.com/hubfs/8-Nov-20-2025-02-57-59-3308-PM.jpg) ![45% of fund managers surveyed by Bank of America in November said an ](https://blog.syzgroup.com/hubfs/8-Nov-20-2025-02-57-59-3308-PM.jpg) 20 Nov 2025 - - - #### Nvidia $NVDA saves humanity again with blowout earnings... 🚀 Q3 REV: $57.01B vs $55.19B exp. Q3 EPS: $1.30 vs $1.25 exp Q4 REV: $63.7B TO $66.3B vs $62B exp “Blackwell sales are off the charts, and cloud GPUs are sold out.” — Jensen Huang, Q3 FY26 earnings release (Nov 19, 2025) $NVDA is up +6% after-hours... The market is saved [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) ![Nvidia $NVDA saves humanity again with blowout earnings... 🚀](https://blog.syzgroup.com/hubfs/7-Nov-20-2025-02-55-18-6357-PM.jpg) ![Nvidia $NVDA saves humanity again with blowout earnings... 🚀](https://blog.syzgroup.com/hubfs/7-Nov-20-2025-02-55-18-6357-PM.jpg) 20 Nov 2025 - - - #### $NVDA NVIDIA Q3 FY26 (October quarter). • Revenue +62% Y/Y to $57B ($1.9B beat). • Operating margin 63% (+1pp Y/Y). • Non-GAAP EPS $1.30 ($0.04 beat). Q4 FY26 guidance: • Revenue $65B ($3.2B beat). Source: App Economy Insights @EconomyApp [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) ![$NVDA NVIDIA Q3 FY26 (October quarter).](https://blog.syzgroup.com/hubfs/6-Nov-20-2025-02-52-18-6469-PM.jpg) ![$NVDA NVIDIA Q3 FY26 (October quarter).](https://blog.syzgroup.com/hubfs/6-Nov-20-2025-02-52-18-6469-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/97) [96](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/96) [97](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/97) [98](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/98) [99](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/99) [100](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/100) [❯](https://blog.syzgroup.com/syz-the-moment/tag/equities/page/99) [❯❯](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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