--- title: Syz The Moment | Volatility description: Volatility | Syz The Moment --- [![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. You can change your settings below to refuse the use of cookies. For more information, please refer to the [Cookies policy](https://www.syzgroup.com/en/legal-notices). Mandatory cookies Functional cookies Statistics & marketing I confirm I am not a US citizen residing in the US I confirm I am not accessing this site from the US I confirm that I am not a resident of Canada (except for Ontario, Quebec, British Columbia or Alberta). Agree and confirm ### Restricted access We are sorry that for legal reasons we are not able to help US citizens or Canadian residents other than in Ontario, Quebec, or Alberta. Best wishes for the future… ### Restricted access We are sorry that for legal reasons we are not able to help US citizens or Canadian residents other than in Ontario, Quebec, or Alberta. Best wishes for the future… You chose the following profile. If you made a mistake, please change here USA Country Switzerland Canada: Other than Ontario, Quebec, Alberta Canada: Ontario, Quebec or Alberta USA Other country Language Language English French German Italian I confirm Legal information This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. 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 9 Sep 2026 - - - #### As highlighted by HolgerZ, markets look remarkably relaxed despite bond yields hovering near multi-decade highs. The MOVE index of US Treasury volatility sits at just 73.1, while the VIX is only 15.75. High yields, low volatility: markets seem to treat elevated rates as the new normal, not a crisis. Source: Holger Zschaepitz, Bloomberg [#Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) ![As highlighted by HolgerZ, markets look remarkably relaxed despite bond yields hovering near multi-decade highs.](https://blog.syzgroup.com/hubfs/1788929059429.jpg) ![As highlighted by HolgerZ, markets look remarkably relaxed despite bond yields hovering near multi-decade highs.](https://blog.syzgroup.com/hubfs/1788929059429.jpg) 18 Aug 2026 - - - #### There is no more vol left to sell Source: zerohedge Bloomberg [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) ![There is no more vol left to sell](https://blog.syzgroup.com/hubfs/1787004690082.jpg) ![There is no more vol left to sell](https://blog.syzgroup.com/hubfs/1787004690082.jpg) 21 Jul 2026 - - - #### The SOX semiconductors index has posted just three positive sessions over the past 13 trading days. While the index is well below its 50-day moving average, it still sits comfortably above the 100-day moving average. The 200-day moving average coincides with the longer-term uptrend, creating an important technical support zone. Until positioning is further reset, expect elevated volatility and erratic price action. Source: TME [#Volatility|](https://blog.syzgroup.com/syz-the-moment/tag/volatility) [#Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) ![The SOX semiconductors index has posted just three positive sessions over the past 13 trading days.](https://blog.syzgroup.com/hubfs/1784590614705.jpg) ![The SOX semiconductors index has posted just three positive sessions over the past 13 trading days.](https://blog.syzgroup.com/hubfs/1784590614705.jpg) 20 Jul 2026 - - - #### South Korea Stock Market volatility hits highest level in history, surpassing the Global Financial Crisis Source: Barchart, Bloomberg [#Volatility|](https://blog.syzgroup.com/syz-the-moment/tag/volatility) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![South Korea Stock Market volatility hits highest level in history, surpassing the Global Financial Crisis](https://blog.syzgroup.com/hubfs/1784514667371.jpg) ![South Korea Stock Market volatility hits highest level in history, surpassing the Global Financial Crisis](https://blog.syzgroup.com/hubfs/1784514667371.jpg) 10 Jul 2026 - - - #### Single Stock Volatility relative to the CBOE Volatility Index $VIX has reached its largest gap in history Source: Bloomberg, Barchart [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) ![Single Stock Volatility relative to the CBOE Volatility Index $VIX has reached its largest gap in history](https://blog.syzgroup.com/hubfs/3-Jul-10-2026-02-41-57-6070-PM.jpg) ![Single Stock Volatility relative to the CBOE Volatility Index $VIX has reached its largest gap in history](https://blog.syzgroup.com/hubfs/3-Jul-10-2026-02-41-57-6070-PM.jpg) 6 Jul 2026 - - - #### Semiconductor volatility is exploding. The average 3-month implied volatility of the 10 largest U.S. semiconductor stocks has surged to 72%, its highest level in at least a decade—and more than double where it stood in 2016. The market is reacting fast: SOXX has fallen 14% in just a few sessions, while the leveraged SOXL ETF has plunged 40%. This is the sector that powered the AI bull market. History shows that when semiconductor volatility spikes to these extremes, markets start questioning the sustainability of the cycle. Is AI's biggest winner becoming its biggest risk? Source: Global Markets Investor, Citadel Securities [#Volatility|](https://blog.syzgroup.com/syz-the-moment/tag/volatility) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Semiconductor volatility is exploding.](https://blog.syzgroup.com/hubfs/1-Jul-06-2026-12-51-29-7015-PM.jpg) ![Semiconductor volatility is exploding.](https://blog.syzgroup.com/hubfs/1-Jul-06-2026-12-51-29-7015-PM.jpg) 26 Jun 2026 - - - #### Today's vol regime explained in one chart This chart explains today's volatility regime remarkably well. Massive leverage and extreme AI speculation continue to drive global tech volatility, with Korea's KOSPI remaining the epicenter of the mania. First KOSPI VIX Then Nasdaq volatility And finally the "boring" VIX... Source: TME [#Volatility|](https://blog.syzgroup.com/syz-the-moment/tag/volatility) [#equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![Today's vol regime explained in one chart](https://blog.syzgroup.com/hubfs/6-Jun-26-2026-03-14-46-9110-PM.jpg) ![Today's vol regime explained in one chart](https://blog.syzgroup.com/hubfs/6-Jun-26-2026-03-14-46-9110-PM.jpg) 17 Jun 2026 - - - #### OVX (the VIX equivalent for Oil) has almost completely round-tripped the war spike, trading back near pre-conflict levels. Markets have aggressively removed geopolitical risk premium, even though the region remains far from calm. Volatility is not screamingly cheap, but it offers a relatively inexpensive way to express a directional oil view or simply own gamma should tensions escalate again Source: TME [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) ![OVX (the VIX equivalent for Oil) has almost completely round-tripped the war spike, trading back near pre-conflict levels.](https://blog.syzgroup.com/hubfs/7-Jun-17-2026-02-49-34-1963-PM.jpg) ![OVX (the VIX equivalent for Oil) has almost completely round-tripped the war spike, trading back near pre-conflict levels.](https://blog.syzgroup.com/hubfs/7-Jun-17-2026-02-49-34-1963-PM.jpg) [1](https://blog.syzgroup.com/syz-the-moment/tag/volatility/page/1) [2](https://blog.syzgroup.com/syz-the-moment/tag/volatility/page/2) [3](https://blog.syzgroup.com/syz-the-moment/tag/volatility/page/3) [4](https://blog.syzgroup.com/syz-the-moment/tag/volatility/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/volatility/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/tag/volatility/page/2) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/14?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. Follow us ## **Thinking** out loud - - - - ## **Investing** with intelligence Our latest research, commentary and market outlooks #### [Weekly Market Update](https://blog.syzgroup.com/fast-food-for-thoughts/tag/weekly-market-update?hsLang=en) #### [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus?hsLang=en) #### [Asset Allocation Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights?hsLang=en) #### [Semi-annual Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/semi-annual-outlook?hsLang=en) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [Terms & conditions](https://www.syzgroup.com/sites/default/files/document/2021-12/001-2_en-general_terms_and_conditions_w.pdf) - [Data protection notice](https://www.syzgroup.com/en/data-protection-notice) - [Cookies policy](https://www.syzgroup.com/en/legal-notices) - [Syzgroup.com](https://www.syzgroup.com/)