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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) - 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[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 20 Feb 2024 - - - #### If history is any indication, and if we are in a tech bubble, then we still have room left to run, according to Bank of America source : BofA, barchart [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![If history is any indication, and if we are in a tech bubble, then we still have room left to run, according to Bank of America](https://blog.syzgroup.com/hubfs/12-Feb-20-2024-03-14-25-9855-PM.jpg) ![If history is any indication, and if we are in a tech bubble, then we still have room left to run, according to Bank of America](https://blog.syzgroup.com/hubfs/12-Feb-20-2024-03-14-25-9855-PM.jpg) 20 Feb 2024 - - - #### Magnificent 7 profits now exceed almost every country in the world The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech behemoths - Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla — outstrip those of all listed companies in almost every G20 country, the bank said in a research note Tuesday. Of the non-U.S. G20 countries, only China and Japan (and the latter, only just) have greater profits when their listed companies are combined. source : cnbc [#Technology|](https://blog.syzgroup.com/syz-the-moment/tag/technology) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![Magnificent 7 profits now exceed almost every country in the world](https://blog.syzgroup.com/hubfs/9-Feb-20-2024-08-31-27-4216-AM.jpg) ![Magnificent 7 profits now exceed almost every country in the world](https://blog.syzgroup.com/hubfs/9-Feb-20-2024-08-31-27-4216-AM.jpg) 20 Feb 2024 - - - #### Visually comparing the market caps, revenues, and operating incomes of the so-called "Mag 7". Looking at these numbers, what stands out to you the most? Source: Quartr [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![Visually comparing the market caps, revenues, and operating incomes of the so-called ](https://blog.syzgroup.com/hubfs/2-Feb-20-2024-08-14-05-7264-AM.jpg) ![Visually comparing the market caps, revenues, and operating incomes of the so-called ](https://blog.syzgroup.com/hubfs/2-Feb-20-2024-08-14-05-7264-AM.jpg) 15 Feb 2024 - - - #### Since February 2023: 1\. Magnificent 7: +77% 2. S&P 500: +20% 3. Russel 2000: +5% 4. S&P 500 Equal Weight: +4% If you remove the Magnificent 7 from the S&P 500, the index is barely up 5% over the last year. Source: The Kobeissi Letter [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![Since February 2023:](https://blog.syzgroup.com/hubfs/2-Feb-15-2024-03-52-14-3804-PM.jpg) ![Since February 2023:](https://blog.syzgroup.com/hubfs/2-Feb-15-2024-03-52-14-3804-PM.jpg) 13 Feb 2024 - - - #### The Magnificent Seven now have a higher market cap than the entire stock markets of Japan, France, the United Kingdom and Mexico COMBINED! source : barchart [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![The Magnificent Seven now have a higher market cap than the entire stock markets of Japan, France, the United Kingdom and Mexico COMBINED!](https://blog.syzgroup.com/hubfs/19-Feb-13-2024-03-42-05-8209-PM.jpg) ![The Magnificent Seven now have a higher market cap than the entire stock markets of Japan, France, the United Kingdom and Mexico COMBINED!](https://blog.syzgroup.com/hubfs/19-Feb-13-2024-03-42-05-8209-PM.jpg) 12 Feb 2024 - - - #### Lots of talk about a bubble in AI/Mag 7... At this point, valuations at the top are no where near as frothy as they were at the height of the Dot Com Bubble. The 5 largest stocks traded at 43x Fwd PE in March ‘00, a 59% premium to the Mag 7’s current multiple of 27x. Source: David Marlin, Goldman Sachs [#investing|](https://blog.syzgroup.com/syz-the-moment/tag/investing) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![Lots of talk about a bubble in AI/Mag 7...](https://blog.syzgroup.com/hubfs/5-Feb-12-2024-10-26-58-7826-AM.jpg) ![Lots of talk about a bubble in AI/Mag 7...](https://blog.syzgroup.com/hubfs/5-Feb-12-2024-10-26-58-7826-AM.jpg) 8 Feb 2024 - - - #### The "sexy six"... The Mag 7 (ex-TSLA) is up ~610bps more than the Mag 7 this year. Source: Koyfin, TME [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![The ](https://blog.syzgroup.com/hubfs/18-3.jpg) ![The ](https://blog.syzgroup.com/hubfs/18-3.jpg) 7 Feb 2024 - - - #### The Magnificent 7 are almost as big as… Gold!! Source. Jeroen Blokland, True Insights [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![The Magnificent 7 are almost as big as… Gold!!](https://blog.syzgroup.com/hubfs/17-2.jpg) ![The Magnificent 7 are almost as big as… Gold!!](https://blog.syzgroup.com/hubfs/17-2.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/13) [11](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/11) [12](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/12) [13](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/13) [14](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/14) [15](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/15) [❯](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/15) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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