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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 29 Jul 2024 - - - #### The Mag7 peaked on July 10. Since then it has dropped close to 12%, while smallcaps are up more than 10%. Quite amazing how the market has been behaving despite the pullback of the "generals" Source: Carson, Ryan Detrick [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![The Mag7 peaked on July 10. Since then it has dropped close to 12%, while smallcaps are up more than 10%.](https://blog.syzgroup.com/hubfs/1722204468388.jpg) ![The Mag7 peaked on July 10. Since then it has dropped close to 12%, while smallcaps are up more than 10%.](https://blog.syzgroup.com/hubfs/1722204468388.jpg) 29 Jul 2024 - - - #### Junk bonds closed at an ATH (total return) last week $HYG Source: Mike Z. [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![Junk bonds closed at an ATH (total return) last week $HYG](https://blog.syzgroup.com/hubfs/1722184214810.jpg) ![Junk bonds closed at an ATH (total return) last week $HYG](https://blog.syzgroup.com/hubfs/1722184214810.jpg) 29 Jul 2024 - - - #### Remember when China had a huge rally in April and May? Nice chart from @HumbleStudent showing relative strength rolling over again. Source: Ryan Detrick on X [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) ![Remember when China had a huge rally in April and May?](https://blog.syzgroup.com/hubfs/1722183780063.jpg) ![Remember when China had a huge rally in April and May?](https://blog.syzgroup.com/hubfs/1722183780063.jpg) 29 Jul 2024 - - - #### Should Lamborghini be spun out of Volkswagen $VOW? In 2023, they sold 10,600 cars, which is actually less than $RACE's 13,700. The two car manufacturers also have similar EBIT margins of about 27%. Lamborghini has grown its revenue with a 17% CAGR over the past 6 years, while EBIT had a CAGR of 53% during the same period. This visual by Quartr shows the number of Lamborghini cars sold per year between 1999 and 2023: [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![Should Lamborghini be spun out of Volkswagen $VOW?](https://blog.syzgroup.com/hubfs/1722181518945.jpg) ![Should Lamborghini be spun out of Volkswagen $VOW?](https://blog.syzgroup.com/hubfs/1722181518945.jpg) 29 Jul 2024 - - - #### The big names were the biggest losers this week Even if other segments of the market are moving higher, it is tough for the main index to make progress of the big names continue to lose ground. Since July 10th, the market cap of the Magnificent 7 stocks has dropped a mind-numbering $2 trillion... Source: Trend Spider [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![The big names were the biggest losers this week](https://blog.syzgroup.com/hubfs/1722075502017.jpg) ![The big names were the biggest losers this week](https://blog.syzgroup.com/hubfs/1722075502017.jpg) 26 Jul 2024 - - - #### Russell 2000 Outperformance vs S&P 500 continues. RTY vs SPX break out is at its widest levels since Feb 2000, \> +9% MTD Source: Bloomberg, HolgerZ [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Russell 2000 Outperformance vs S&P 500 continues.](https://blog.syzgroup.com/hubfs/1721972418498.jpg) ![Russell 2000 Outperformance vs S&P 500 continues.](https://blog.syzgroup.com/hubfs/1721972418498.jpg) 26 Jul 2024 - - - #### Corporate Insiders are dumping shares at the fastest pace in AT LEAST a decade 🚨🚨🚨 Source: Barchart [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) ![Corporate Insiders are dumping shares at the fastest pace in AT LEAST a decade 🚨🚨🚨](https://blog.syzgroup.com/hubfs/1721972237078.jpg) ![Corporate Insiders are dumping shares at the fastest pace in AT LEAST a decade 🚨🚨🚨](https://blog.syzgroup.com/hubfs/1721972237078.jpg) 26 Jul 2024 - - - #### Is there more drawdown ahead for the S&P500? Over the last ~100 years, median year has a SPX peak to trough drawdown of 13%. Believe it or not current drawdown has only been 5%... Source: GS [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Is there more drawdown ahead for the S&P500?](https://blog.syzgroup.com/hubfs/1721943075678.jpg) ![Is there more drawdown ahead for the S&P500?](https://blog.syzgroup.com/hubfs/1721943075678.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/105) [104](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/104) [105](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/105) [106](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/106) [107](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/107) [108](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/108) [❯](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/107) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/146?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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