February 2025

MacroTrends

Is the magnificent 7 run over?

The “Magnificent 7” tech giants have recently reported their earnings for the latest quarter, with 6 out of the Magnificent 7 beating analysts expectations, showcasing strong performance across the board. However, NOT ONE of them was up on the day and only Apple was up for the month…. Barely.
So is the price action giving us signs that the AI rally is finally running out of steam? We think so

Closing Bell

Closing Bell 28th February: PEXA higher on share buybacks. ASX falls to end week

The S&P/ASX 200 fell 1.1% (94.6 points) to 8,173.6 on Friday, marking its second consecutive monthly decline. The All Ordinaries dropped 1.2% as all 11 sectors traded lower, led by materials and consumer staples.

Market sentiment weakened after U.S. President Donald Trump confirmed higher tariffs on Mexico, Canada, and China. The Australian dollar slipped toward US62¢, down 2.5% for the week, as the U.S. dollar surged.

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