Investment Insights

Nvidia’s Q2 2025 earnings highlight another record-breaking quarter with $46.7B in revenue, EPS above expectations, and strong gaming performance. But even a minor slip in data center sales shows the market’s high bar for perfection.

For decades, investors believed in the ‘small-cap premium.’ But the last decade flipped the script: U.S. small-caps have trailed large peers, weighed down by weaker profitability, sector imbalances, and rising debt costs. Yet, with valuations deeply discounted, even for quality firms, the stage may be set for a comeback. Are small caps undervalued, or has the premium faded for good?

Tariffs at record highs, inflation losing momentum, and the Fed poised to cut. Three forces colliding to reshape markets. Are investors ready?

Risk appetite is surging. Cash levels hit a decade low, equities overweight, and optimism abounds. But beneath the rally lie fragilities: overvaluation, crowded trades & policy risk.

India faces rising tariffs and oil risks, with $87B in exports under pressure and growth concerns mounting. Yet structural strengths remain compelling. Trade talks are set to resume, U.S. exposure is limited, and earnings forecasts are strong. Domestic flows continue to build resilience. At Intrasia Wealth, we see short-term volatility as a long-term opportunity, powered by consumption, reform, and retail participation.

Tesla has launched its robotaxi service in Austin but others may be leading the race. Waymo operates at scale, China is rapidly deploying, and Uber is building through partnerships. With safety concerns and regulatory hurdles ahead, success will depend on execution, trust, and scalability, not just bold promises.

The S&P 500 hit 11 record highs in 30 days, but risks are mounting. With earnings, Fed policy, and global trade in focus, investors must balance opportunity with caution.

2025 is bringing a market shift with the MSCI World ex-USA and the S&P 493 are outpacing Big Tech. With breadth returning, active investing may finally be back in play.

Last week, equity markets continued to push higher, with both the S&P 500 and Nasdaq hitting fresh all-time highs. What’s driving the...