--- title: Syz The Moment | markets (8) description: markets | Syz The Moment (8) --- [![Syz Private banking](https://blog.syzgroup.com/hs-fs/hubfs/Logo.png?width=140&name=Logo.png "Syz Private banking")](https://www.syzgroup.com/fr) ## **Thinking** out loud [Subscribe](https://25733253.hs-sites-eu1.com/newsletter-signup?hsLang=en) [![Contact Us](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2) - [OUR SERVICES](https://www.syzgroup.com/en/private-banking) - [ABOUT SYZ](https://www.syzgroup.com/en/about/welcome-to-syz) - [CAREERS](https://www.syzgroup.com/en/careers) - [PRESS](https://www.syzgroup.com/en/news) - [Blog Homepage](https://blog.syzgroup.com) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thoughts/tag/the-week-in-seven-charts) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Fixed Income Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Equity Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [CONTACT](https://www.syzgroup.com/en/contact-us/form) - [ENGLISH](https://www.syzgroup.com/) - [FRANÇAIS](https://www.syzgroup.com/fr) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [The week in seven charts](https://blog.syzgroup.com/slow-food-for-thoughts/tag/the-week-in-seven-charts) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Our Services](https://www.syzgroup.com/en/private-banking) - [About Syz](https://www.syzgroup.com/en/about/welcome-to-syz) - [Careers](https://www.syzgroup.com/en/careers) - [Press](https://www.syzgroup.com/en/news) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [English](https://www.syzgroup.com/) - [Français](https://www.syzgroup.com/fr) ## **Sign-up** for our newsletter This website uses cookies to enhance user navigation and to collect statistical data. 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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 25 Aug 2026 - - - #### The U.S. Treasury may have found a new weapon for the bond market: its nearly $1 TRILLION cash pile. Treasury is considering using its TGA — effectively the government’s bank account at the Fed — to fund long-term bond buybacks. The mechanics are powerful: Buy long-duration Treasuries → TGA falls → cash enters the banking system → liquidity rises → long-end supply falls. Treasury could therefore support bonds today, then issue T-bills later to rebuild its cash balance. This is not QE: the Fed isn’t printing new money. But the timing matters. Effectively, Treasury can temporarily transform: Long-duration debt → short-duration debt That could suppress long-end pressure while injecting liquidity into markets. But it doesn’t solve America’s debt problem. It postpones it, shortens it — and potentially takes the U.S. another step toward fiscal dominance and financial repression. Source: Macro Liquidity by Sunil Reddy [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![The U.S. Treasury may have found a new weapon for the bond market: its nearly $1 TRILLION cash pile.](https://blog.syzgroup.com/hubfs/1787584250415.jpg) ![The U.S. Treasury may have found a new weapon for the bond market: its nearly $1 TRILLION cash pile.](https://blog.syzgroup.com/hubfs/1787584250415.jpg) 25 Aug 2026 - - - #### The CDS eruption continues: Broadcom CDS up 5bps to a new all time high, NVDA also at record wide every single day now. Source: zerohedge [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![The CDS eruption continues: Broadcom CDS up 5bps to a new all time high, NVDA also at record wide every single day now.](https://blog.syzgroup.com/hubfs/1787637415902.jpg) ![The CDS eruption continues: Broadcom CDS up 5bps to a new all time high, NVDA also at record wide every single day now.](https://blog.syzgroup.com/hubfs/1787637415902.jpg) 25 Aug 2026 - - - #### Markets are starting to show how the Strait of Hormuz crisis is reshaping global oil flows. The key signal is not just fewer barrels moving through the region. It is where those barrels are now showing up. Ports like Fujairah and Sohar, both located outside the Strait, are seeing a surge in crude departures. That suggests they are increasingly acting as bypass routes, transshipment points, and ship-to-ship transfer hubs for oil that would normally have taken a more direct path through Hormuz. Importantly, this does not mean the UAE or Oman suddenly produced far more oil. It may also hint at rising “dark” vessel activity. When AIS signals are limited or interrupted, voyage tracking becomes harder, and cargoes can effectively “reappear” outside Hormuz. So the disruption is no longer visible only in oil prices and tanker rates. It is now visible in the geography — and the opacity — of the physical oil market itself. Source: Michael McDonough DST [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Markets are starting to show how the Strait of Hormuz crisis is reshaping global oil flows.](https://blog.syzgroup.com/hubfs/1787641205845.jpg) ![Markets are starting to show how the Strait of Hormuz crisis is reshaping global oil flows.](https://blog.syzgroup.com/hubfs/1787641205845.jpg) 25 Aug 2026 - - - #### Nomura has a chip shortage index Source: Nomura [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) ![Nomura has a chip shortage index](https://blog.syzgroup.com/hubfs/1787639910552.jpg) ![Nomura has a chip shortage index](https://blog.syzgroup.com/hubfs/1787639910552.jpg) 25 Aug 2026 - - - #### This is something you don't see every day: a severe negative correlation between High Beta stocks and Low Volatility stocks. At -0.52, the 45-day correlation between these groups is the lowest on record. Source: Jeff Weniger [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![This is something you don't see every day: a severe negative correlation between High Beta stocks and Low Volatility stocks.](https://blog.syzgroup.com/hubfs/1787635898967.jpg) ![This is something you don't see every day: a severe negative correlation between High Beta stocks and Low Volatility stocks.](https://blog.syzgroup.com/hubfs/1787635898967.jpg) 24 Aug 2026 - - - #### As highlighted by GS, investors are quietly rotating capital towards the “unloved” corners of the market: hard-asset exposure and ex-AI equity trades. The AI trade is not dead - but its composition, its momentum profile, and its margin of safety are all being rewritten in real time. The good news: there are plenty ways to diversify. As shown on the chart below, the broader market ex AI (SPXXAI) is now very negatively correlated with AI, making a strong case for ‘broadening’ exposure. Source: zerohedge, GS [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![As highlighted by GS, investors are quietly rotating capital towards the “unloved” corners of the market: hard-asset exposure and ex-AI equity trades.](https://blog.syzgroup.com/hubfs/1787479532843.jpg) ![As highlighted by GS, investors are quietly rotating capital towards the “unloved” corners of the market: hard-asset exposure and ex-AI equity trades.](https://blog.syzgroup.com/hubfs/1787479532843.jpg) 24 Aug 2026 - - - #### Nvidia, $NVDA, reports Wednesday, with EPS expected to nearly double YoY on relentless AI infrastructure demand Source: Hedgeye Bloomberg [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Nvidia, $NVDA, reports Wednesday, with EPS expected to nearly double YoY on relentless AI infrastructure demand](https://blog.syzgroup.com/hubfs/1787523234525.jpg) ![Nvidia, $NVDA, reports Wednesday, with EPS expected to nearly double YoY on relentless AI infrastructure demand](https://blog.syzgroup.com/hubfs/1787523234525.jpg) 24 Aug 2026 - - - #### During midterm election years, September has historically been the S&P 500’s worst month. October and November tell a very different story. Source: TrendSpider [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![During midterm election years, September has historically been the S&P 500’s worst month.](https://blog.syzgroup.com/hubfs/1787523351527.jpg) ![During midterm election years, September has historically been the S&P 500’s worst month.](https://blog.syzgroup.com/hubfs/1787523351527.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/7) [6](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/6) [7](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/7) [8](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/8) [9](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/9) [10](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/10) [❯](https://blog.syzgroup.com/syz-the-moment/tag/markets/page/9) [❯❯](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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