Markets in a Minute is a monthly update produced by RBC Brewin Dolphin, providing a concise overview of key market developments and the themes shaping the current investment environment.
Guinness Global Investors uses RBC Brewin Dolphin as an investment adviser for the Multi Asset Fund range
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Head of market analysis, Janet Mui, examines the two competing forces affecting markets – strong earnings results reinforcing the AI investment theory and soaring government bond yields bringing renewed focus to inflation and interest rate risk.
Key Highlights
Nvidia results:
Quarterly revenue nearly doubled year-on-year, with a first -ever full -year forward guidance of 70% growth.
AI valuations:
U.S. equity valuations exceed 1929 levels, but context and profit growth matter.
Restoring credibility:
Federal Reserve Chair Kevin Warsh confirmed the central bank’s commitment to controlling inflation with higher interest rates weighing on gold.
