--- title: Syz The Moment | Food for Thoughts description: Food for Thoughts | Syz The Moment --- [![Syz Private banking](https://blog.syzgroup.com/hs-fs/hubfs/Logo.png?width=140&name=Logo.png "Syz Private banking")](https://www.syzgroup.com/fr) ## **Thinking** out loud [Subscribe](https://25733253.hs-sites-eu1.com/newsletter-signup?hsLang=en) [![Contact Us](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2) - [OUR SERVICES](https://www.syzgroup.com/en/private-banking) - [ABOUT SYZ](https://www.syzgroup.com/en/about/welcome-to-syz) - [CAREERS](https://www.syzgroup.com/en/careers) - [PRESS](https://www.syzgroup.com/en/news) - [Blog Homepage](https://blog.syzgroup.com) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thoughts/tag/the-week-in-seven-charts) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Fixed Income Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Equity Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [CONTACT](https://www.syzgroup.com/en/contact-us/form) - [ENGLISH](https://www.syzgroup.com/) - [FRANÇAIS](https://www.syzgroup.com/fr) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [The week in seven charts](https://blog.syzgroup.com/slow-food-for-thoughts/tag/the-week-in-seven-charts) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Our Services](https://www.syzgroup.com/en/private-banking) - [About Syz](https://www.syzgroup.com/en/about/welcome-to-syz) - [Careers](https://www.syzgroup.com/en/careers) - [Press](https://www.syzgroup.com/en/news) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [English](https://www.syzgroup.com/) - [Français](https://www.syzgroup.com/fr) ## **Sign-up** for our newsletter This website uses cookies to enhance user navigation and to collect statistical data. 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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 25 Sep 2026 - - - #### No comment needed Source: @levelsio [#Food for Thoughts|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![No comment needed](https://blog.syzgroup.com/hubfs/1790281677735.jpg) ![No comment needed](https://blog.syzgroup.com/hubfs/1790281677735.jpg) 25 Sep 2026 - - - #### Apple raised the iPhone price 6.3% this year, yet in gold the phone in your pocket still got cheaper. The iPhone 18 Pro Max with 1 TB costs 0.38 ounces, under half the 0.92 of the original in 2007. The iPhone and the In Gold We Trust Report hit their 20th edition this year! Source: In Gold we trust [#Food for Thoughts|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) [#apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) ![Apple raised the iPhone price 6.3% this year, yet in gold the phone in your pocket still got cheaper.](https://blog.syzgroup.com/hubfs/1790278991143.jpg) ![Apple raised the iPhone price 6.3% this year, yet in gold the phone in your pocket still got cheaper.](https://blog.syzgroup.com/hubfs/1790278991143.jpg) 25 Sep 2026 - - - #### US Treasury bond vol is spiking, dramatically decoupling from equity vol... (chart on the left) In fact bond vol is now higher than equity vol for the first time in a year ! (chart on the right) Source: zerohedge [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Food for Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) ![US Treasury bond vol is spiking, dramatically decoupling from equity vol... (chart on the left) In fact bond vol is now higher than equity vol for the first time in a year ! (chart on the right)](https://blog.syzgroup.com/hubfs/1790312894829.jpg) ![US Treasury bond vol is spiking, dramatically decoupling from equity vol... (chart on the left) In fact bond vol is now higher than equity vol for the first time in a year ! (chart on the right)](https://blog.syzgroup.com/hubfs/1790312894829.jpg) 25 Sep 2026 - - - #### The chart says it all: small caps are a "rates sucker". As 10-year yields rise, IWM keeps losing ground to QQQ. Source: LSEG Workspace, TME [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Food for Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) ![The chart says it all: small caps are a ](https://blog.syzgroup.com/hubfs/1790284735771.jpg) ![The chart says it all: small caps are a ](https://blog.syzgroup.com/hubfs/1790284735771.jpg) 25 Sep 2026 - - - #### The AI boom has a construction problem. Oracle has reportedly sent a force majeure notice to the developer of Project Jupiter, its vast New Mexico data center. The notice seeks to protect Oracle from payments if the site misses its planned 2028 opening. Oracle says the project remains on schedule. Meanwhile, roughly $18 billion in loans backing the project have reportedly traded around 90 cents on the dollar. Local concerns over water and air quality, along with obstacles to supplying power, have raised questions about delays. That is the risk behind the AI buildout: compute contracts and financing can be signed quickly. Power infrastructure, permits and community support take longer. If a data center opens late, the consequences can run through its lenders, tenant and customers waiting for capacity. The next AI bottleneck may be getting the buildings online. Source: zerohedge [#Food for Thoughts|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![The AI boom has a construction problem.](https://blog.syzgroup.com/hubfs/1790277553286.jpg) ![The AI boom has a construction problem.](https://blog.syzgroup.com/hubfs/1790277553286.jpg) 24 Sep 2026 - - - #### Why European manufacturing is doomed in one chart Every European auto maker has lost market share in Europe. The only winners: Tesla (small) and China (absolutely ginormous gains) Source: zerohedge, GS [#Food for Thoughts|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) [#china](https://blog.syzgroup.com/syz-the-moment/tag/china) ![Why European manufacturing is doomed in one chart](https://blog.syzgroup.com/hubfs/1790227557857.jpg) ![Why European manufacturing is doomed in one chart](https://blog.syzgroup.com/hubfs/1790227557857.jpg) 24 Sep 2026 - - - #### Investors now pricing in three rate hikes through mid 2027. While I like overnight index swaps if one looks at fed fund futures its pricing in three hikes through spring. Source: Bloomberg [#Food for Thoughts|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) [#Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) ![Investors now pricing in three rate hikes through mid 2027.](https://blog.syzgroup.com/hubfs/1790196697035.jpg) ![Investors now pricing in three rate hikes through mid 2027.](https://blog.syzgroup.com/hubfs/1790196697035.jpg) 23 Sep 2026 - - - #### Trump’s net worth hit $7 billion in 2026. That’s triple where it was in early 2024, according to Forbes data. Source: Steve Rattner [#Food for Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) ![Trump’s net worth hit $7 billion in 2026.](https://blog.syzgroup.com/hubfs/1790111166502.jpg) ![Trump’s net worth hit $7 billion in 2026.](https://blog.syzgroup.com/hubfs/1790111166502.jpg) [1](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts/page/1) [2](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts/page/2) [3](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts/page/3) [4](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts/page/2) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts/page/156?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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