Market Overview

On Wednesday, the Bank of Canada cut its key benchmark rate by 50bps. They have now cut by 150 bps in 2024, compared to what will likely be 100 bps for the Fed after next week’s meeting. Unlike the...

The S&P 500 fell by about 50 basis points yesterday, with the NASDAQ down roughly 65 basis points. PPI came in slightly hotter on the headline numbers, but as I reviewed with members earlier, if...

Welcome to Syz Bank's 2025 Global Outlook! 2024 has been a remarkable year for global markets, with equity indices, Gold, and Bitcoin reaching or nearing all-time highs. As we prepare to step into...

Wednesday's CPI report was seemingly the last hurdle for the Fed to cut interest rates. With the CPI index matching Wall Street forecasts, the Fed Funds futures market now implies a 97% chance the...

US core inflation posted a fourth consecutive 0.3% print, showing that progress towards the Fed inflation goal has clearly stalled. Nonetheless, the Fed’s favored measure of inflation is doing a...

The CPI numbers yesterday largely came in line. But when you took a deeper look at them and rounded them out, you realize they were in line but on the hotter side of inline, meaning the...

From 2010 through 2022, the US Energy Information Administration (EIA) calculates that global Oil demand grew by 10 million barrels per day (Mb/d). Over 60% of the demand growth was due to China’s...

The closely watched U.S. November CPI report comes out today. Headline annual inflation is seen rising 2.7% and core CPI is forecast to increase 3.3%. A "hawkish cut" scenario could emerge if CPI...

The EUR/USD failed to hold ono its earlier gains on Monday, turning lower into the close. It has fallen further so far in today’s session with the European Central Bank's rate decision and key US...

Disinflation has stalled recently, but economists are debating if this is a temporary blip that will soon give way to a softer trend. Tomorrow’s consumer price report for November will be widely read...

Housing affordability helps explain why residential real estate transactions have reached a standstill. Over the last five years, housing prices have surged. Per the Case-Shiller 20 City Home Price...

TikTok’s future in the U.S. could be decided by January 2025—and Donald Trump might be its last hope. What does this mean for traders, creators, and educators? Watch the video to find out what’s at...

In The Financial Times this week, Ruchir Sharma (chair of Rockefeller International) argues that “America is over-owned, overvalued and overhyped to a degree never seen before.” Warren Pies points...

Valuation & Growth As we’ve seen over the past three years, stock investors don’t like recessions, not even the no-shows. There was much anxiety about an imminent recession from January 3, 2022...