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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 19 Jul 2024 - - - #### We just saw the largest selloff in the semi-conductors SOX index since the pandemic crash It is taking place at the time valuations are at record high (see below price-to-sales in the chart underneath) Source: Bloomberg, Tavi Costa [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) ![We just saw the largest selloff in the semi-conductors SOX index since the pandemic crash](https://blog.syzgroup.com/hubfs/1721308351395.jpg) ![We just saw the largest selloff in the semi-conductors SOX index since the pandemic crash](https://blog.syzgroup.com/hubfs/1721308351395.jpg) 18 Jul 2024 - - - #### ⚡ The carnage is real. Yesterday was Nasdaq 100 $QQQ worst day since December 2022. Source: Trend Spider [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![⚡ The carnage is real.](https://blog.syzgroup.com/hubfs/1721254301234.jpg) ![⚡ The carnage is real.](https://blog.syzgroup.com/hubfs/1721254301234.jpg) 17 Jul 2024 - - - #### July has been up 9 years in a row and the first half of July is one of the strongest periods of the year. This strength shouldn't be too surprising. But be aware historically July peaks on the 17th, so tomorrow. Source: Ryan Detrick [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![July has been up 9 years in a row and the first half of July is one of the strongest periods of the year.](https://blog.syzgroup.com/hubfs/1721195115402.jpg) ![July has been up 9 years in a row and the first half of July is one of the strongest periods of the year.](https://blog.syzgroup.com/hubfs/1721195115402.jpg) 17 Jul 2024 - - - #### Russell 2000 $IWM is catching up with S&P500... Russell 2000 is now up +11.3% YTD (with 10.3ppt has come in the last 5 sessions...) versus + for S£P 500 +19.35% YTD Source: Mike Zaccardi [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Russell 2000 $IWM is catching up with S&P500...](https://blog.syzgroup.com/hubfs/1721167846860.jpg) ![Russell 2000 $IWM is catching up with S&P500...](https://blog.syzgroup.com/hubfs/1721167846860.jpg) 17 Jul 2024 - - - #### History was made yesterday! The Russell 2000 closed 4.4 standard deviations above its 50-day moving average. No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971) has ever closed at that much of an extreme. Source: Bespoke [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![History was made yesterday! The Russell 2000 closed 4.4 standard deviations above its 50-day moving average.](https://blog.syzgroup.com/hubfs/1721167138289.jpg) ![History was made yesterday! The Russell 2000 closed 4.4 standard deviations above its 50-day moving average.](https://blog.syzgroup.com/hubfs/1721167138289.jpg) 17 Jul 2024 - - - #### BlackRock generated $4.8 billion in revenue in the quarter, an 8% increase from the same period last year. This growth was driven by a record $10.6 trillion in assets under management, led by high ETF flows. Source: Genuine [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![BlackRock generated $4.8 billion in revenue in the quarter, an 8% increase from the same period last year.](https://blog.syzgroup.com/hubfs/1721166615944.jpg) ![BlackRock generated $4.8 billion in revenue in the quarter, an 8% increase from the same period last year.](https://blog.syzgroup.com/hubfs/1721166615944.jpg) 17 Jul 2024 - - - #### "Trump trade" (or the inflation rotation trade?) – Russell long vs Nasdaq 100 short – gains momentum. Source: HolgerZ, Bloomberg [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![](https://blog.syzgroup.com/hubfs/1721150870511.jpg) ![](https://blog.syzgroup.com/hubfs/1721150870511.jpg) 16 Jul 2024 - - - #### 🚨 GOLD HITS $2,453 - A NEW ALL TIME HIGH 🔥 🔉 Just as Powell signals rates cuts before inflation comes down to 2%... Source: Bloomberg [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![🚨 GOLD HITS $2,453 - A NEW ALL TIME HIGH 🔥](https://blog.syzgroup.com/hubfs/1721144900480.jpg) ![🚨 GOLD HITS $2,453 - A NEW ALL TIME HIGH 🔥](https://blog.syzgroup.com/hubfs/1721144900480.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/108) [107](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/107) [108](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/108) [109](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/109) [110](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/110) [111](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/111) [❯](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/110) [❯❯](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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