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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 15 Apr 2026 - - - #### We can always use a bit of good news, right? This chart from BofA shows that the US economy has become more and more resilient to oil shocks over time. Source: Markets & Mayhem [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![We can always use a bit of good news, right?](https://blog.syzgroup.com/hubfs/6-Apr-15-2026-02-03-14-0233-PM.jpg) ![We can always use a bit of good news, right?](https://blog.syzgroup.com/hubfs/6-Apr-15-2026-02-03-14-0233-PM.jpg) 14 Apr 2026 - - - #### Talking about a K-shape economy... The gap between Wall Street and Main Street has never been bigger: ➡️ Main Street: US consumer sentiment is down to 47.6 points, the lowest level in history. ➡️Wall Street: the S&P 500 is trading just 3% from its all-time high. ⚠️ Since the 2020 pandemic, consumer sentiment has fallen -50%. During the same period, the S&P 500 has rallied +205%. This comes as inflation, rising housing costs, and a weakening job market are increasingly squeezing the average American household. Meanwhile, 87% of all equities are held by the wealthiest 10% of households. Asset owners are the biggest winners in this economy. Source: The Kobeissi Letter, zerohedge [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Talking about a K-shape economy...](https://blog.syzgroup.com/hubfs/2-Apr-14-2026-12-51-29-1669-PM.jpg) ![Talking about a K-shape economy...](https://blog.syzgroup.com/hubfs/2-Apr-14-2026-12-51-29-1669-PM.jpg) 13 Apr 2026 - - - #### The oil shock's impact on global inflation is likely to be temporary and short-lived. Source: Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![The oil shock's impact on global inflation is likely to be temporary and short-lived.](https://blog.syzgroup.com/hubfs/6-Apr-13-2026-12-56-32-1384-PM.jpg) ![The oil shock's impact on global inflation is likely to be temporary and short-lived.](https://blog.syzgroup.com/hubfs/6-Apr-13-2026-12-56-32-1384-PM.jpg) 9 Apr 2026 - - - #### GDP per capita South Korea vs North Korea Source: Jacob King [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![GDP per capita South Korea vs North Korea](https://blog.syzgroup.com/hubfs/6-Apr-09-2026-01-33-12-2575-PM.jpg) ![GDP per capita South Korea vs North Korea](https://blog.syzgroup.com/hubfs/6-Apr-09-2026-01-33-12-2575-PM.jpg) 8 Apr 2026 - - - #### US budget deficits likely “grow to ~7% of GDP for 2026. Even if the amount of the supplemental request were halved to $100bn, deficits could grow to ~6.6% ..” Source: Carl Quintanilla [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![US budget deficits likely “grow to ~7% of GDP for 2026.](https://blog.syzgroup.com/hubfs/4-Apr-08-2026-01-55-50-4875-PM.jpg) ![US budget deficits likely “grow to ~7% of GDP for 2026.](https://blog.syzgroup.com/hubfs/4-Apr-08-2026-01-55-50-4875-PM.jpg) 8 Apr 2026 - - - #### Global debt just crossed $111 trillion. Up from ~$20 trillion in 2000. The U.S. (~$38T) and China (~$19T) now account for over half of it. For a decade, zero rates allowed this to build without pressure. That’s changed. New issuance now comes with a real cost. Interest expense is rising quickly, especially in the U.S. Source: Michael Chu, CFA, CFP Visual Capitalist [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Global debt just crossed $111 trillion. Up from ~$20 trillion in 2000.](https://blog.syzgroup.com/hubfs/11-Apr-08-2026-01-52-28-6047-PM.jpg) ![Global debt just crossed $111 trillion. Up from ~$20 trillion in 2000.](https://blog.syzgroup.com/hubfs/11-Apr-08-2026-01-52-28-6047-PM.jpg) 2 Apr 2026 - - - #### In case you missed it... The US job market continues to deteriorate Job openings fell -358,000 in February to 6.88 million, giving back most of the January jump. The 3-month moving average continues to fall, now at ~6.89 million, now below the 2018-2019 pre-pandemic levels. There are now just 0.9 job openings for every unemployed worker, near the lowest of the current business cycle. By comparison, the ratio peaked at 2.0 in 2022, meaning available jobs per unemployed worker have been cut in half. Total separations have also dropped to a decade low, suggesting employers are neither hiring nor firing, effectively freezing the labor market in place. The job market is quietly weakening beneath the surface. Source: Global Markets Investor, wolfstreet [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![In case you missed it... The US job market continues to deteriorate](https://blog.syzgroup.com/hubfs/4-Apr-02-2026-02-06-59-8535-PM.jpg) ![In case you missed it... The US job market continues to deteriorate](https://blog.syzgroup.com/hubfs/4-Apr-02-2026-02-06-59-8535-PM.jpg) 30 Mar 2026 - - - #### Fixed Income: Are markets starting to price in “growth fear” (instead of inflation fear”) ? •A notable bid to bonds on Friday (decoupling from the correlation-one with oil and stocks) suggests inflation fears are ebbing, and attention is shifting to growth concerns. Monday market action gives the same message… •5Y5Y inflation swaps signal the ongoing decline in medium-term inflation... Source: Bloomberg, www.zerohedge.com [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Fixed Income: Are markets starting to price in “growth fear” (instead of inflation fear”) ?](https://blog.syzgroup.com/hubfs/7-Mar-30-2026-04-21-16-9967-PM.jpg) ![Fixed Income: Are markets starting to price in “growth fear” (instead of inflation fear”) ?](https://blog.syzgroup.com/hubfs/7-Mar-30-2026-04-21-16-9967-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/14) [13](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/13) [14](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/14) [15](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/15) [16](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/16) [17](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/17) [❯](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/16) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/169?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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