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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 24 Jun 2026 - - - #### Real yields continue to go vertical. Now at two-year highs. In an economy facing a mountain of debt, this is not a great development... The new Fed Chair does not have an easy job... Source: Tavi Costa [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Real yields continue to go vertical. Now at two-year highs.](https://blog.syzgroup.com/hubfs/9-Jun-24-2026-02-53-48-6800-PM.jpg) ![Real yields continue to go vertical. Now at two-year highs.](https://blog.syzgroup.com/hubfs/9-Jun-24-2026-02-53-48-6800-PM.jpg) 19 Jun 2026 - - - #### While financial markets have priced in the peace deal, shipping markets have not... with Freight rates still 3x pre-war levels... Source: zerohedge [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![While financial markets have priced in the peace deal, shipping markets have not... with Freight rates still 3x pre-war levels...](https://blog.syzgroup.com/hubfs/1781815746556.jpg) ![While financial markets have priced in the peace deal, shipping markets have not... with Freight rates still 3x pre-war levels...](https://blog.syzgroup.com/hubfs/1781815746556.jpg) 17 Jun 2026 - - - #### If you denominate US GDP in gold instead of dollars, the chart is wild. Source: Lyn Alden [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![If you denominate US GDP in gold instead of dollars, the chart is wild.](https://blog.syzgroup.com/hubfs/2-Jun-17-2026-02-44-43-8735-PM.jpg) ![If you denominate US GDP in gold instead of dollars, the chart is wild.](https://blog.syzgroup.com/hubfs/2-Jun-17-2026-02-44-43-8735-PM.jpg) 12 Jun 2026 - - - #### The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months. Source: Bernstein Advisors [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.](https://blog.syzgroup.com/hubfs/5-Jun-12-2026-01-45-30-5742-PM.jpg) ![The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.](https://blog.syzgroup.com/hubfs/5-Jun-12-2026-01-45-30-5742-PM.jpg) 11 Jun 2026 - - - #### Margin Debt as a % of M2 is now at its 2nd highest level in history, just behind the Dot Com Bubble Source: Barchart [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Margin Debt as a % of M2 is now at its 2nd highest level in history, just behind the Dot Com Bubble](https://blog.syzgroup.com/hubfs/9-Jun-11-2026-03-50-37-7824-PM.jpg) ![Margin Debt as a % of M2 is now at its 2nd highest level in history, just behind the Dot Com Bubble](https://blog.syzgroup.com/hubfs/9-Jun-11-2026-03-50-37-7824-PM.jpg) 11 Jun 2026 - - - #### US PPI inflation for May came in hotter than expected at the headline level but softer at the core level (please see the Bloomberg table below). Echoing yesterday’s CPI data, this suggests that the PPI spillover from energy into broader prices remains relatively muted for now. It also suggests that the pass-through from PPI to CPI is being offset by margin pressure. Source: Mo El Erian, Bloomberg [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![US PPI inflation for May came in hotter than expected at the headline level but softer at the core level (please see the Bloomberg table below).](https://blog.syzgroup.com/hubfs/1-Jun-11-2026-03-33-33-4374-PM.jpg) ![US PPI inflation for May came in hotter than expected at the headline level but softer at the core level (please see the Bloomberg table below).](https://blog.syzgroup.com/hubfs/1-Jun-11-2026-03-33-33-4374-PM.jpg) 10 Jun 2026 - - - #### US Inflation just jumped to 4.2% the highest since 2023. US CPI rose from 3.8% to 4.2% in May, but the increase is mainly driven by higher oil and energy prices linked to geopolitical tensions, not underlying inflation. The key focus is Core CPI, which excludes food and energy and came in lower than expected at 0.2% month-on-month versus 0.3% expected and 0.4% previously, indicating that underlying inflation is slowing faster than anticipated. This shifts the macro outlook for the Fed, as it cannot directly address oil-driven inflation through interest rates. If oil prices fall, inflation could ease and rate cuts may return to the table; if oil rises further, inflation could accelerate and force renewed tightening. Overall, the next move in oil will be decisive for the macro narrative. Source: Bull Theory [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![US Inflation just jumped to 4.2% the highest since 2023.](https://blog.syzgroup.com/hubfs/1-Jun-10-2026-02-59-32-0962-PM.jpg) ![US Inflation just jumped to 4.2% the highest since 2023.](https://blog.syzgroup.com/hubfs/1-Jun-10-2026-02-59-32-0962-PM.jpg) 9 Jun 2026 - - - #### In case you missed it... Citi U.S. Economic Surprise Index has risen to its highest since October 2023 Source: Kevin Gordon Bloomberg [#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... Citi U.S. Economic Surprise Index has risen to its highest since October 2023](https://blog.syzgroup.com/hubfs/5-Jun-09-2026-02-43-59-2037-PM.jpg) ![In case you missed it... Citi U.S. Economic Surprise Index has risen to its highest since October 2023](https://blog.syzgroup.com/hubfs/5-Jun-09-2026-02-43-59-2037-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/8) [7](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/7) [8](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/8) [9](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/9) [10](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/10) [11](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/11) [❯](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/10) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/168?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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