Macro Monday: Have we seen the best of the “Magnificent Seven”?

The “Magnificent Seven” goliath tech stocks have come off the boil over recent months, illustrated by the NASDAQ failing to break above its July peak, whereas the Broad-based S&P500, Dow Jones and Russell 30 have all posted new milestones in recent weeks. The markets are becoming more discerning towards high-valuation growth stocks, demanding increasingly strong results to maintain their bullish advance.

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Morning report 16/02/2026 09:42

Macro Monday: The AI revolution is redefining financial markets

AI is increasingly impacting stocks and financial markets as a whole. Recent weeks have seen capitulation-style selling wash through some sectors, with investors fearing AI disruption is rewriting business models.

Weekend report 14/02/2026 10:42

Weekend Q&A: Volatility continues to surge on the stock & sector level

It didn’t feel like it on Friday afternoon as the ASX200 plunged more than 125 points, but the index still managed to finish last week up +2.4% after one of the most violent weeks of reporting season we can remember - 10% swings in either direction were almost pedestrian! The heavyweight banks and resources offset broad market weakness, led by any stocks feared to be at risk of AI disruption, with selling gathering momentum from already panic-like levels. The dominant themes were very binary in nature:

Afternoon report 13/02/2026 17:46

The Match Out: ASX falls 1.4%, but ends week higher; Tech, Discretionary Retail hit hard

The ASX pulled back sharply today as AI-related margin fears continued to drive aggressive selling across software and high-multiple names. Despite the weak finish, the market still closed the week up ~2.4%, underpinned by a fantastic week from the banks on better-than-expected results.

Morning report 13/02/2026 09:50

ETF Friday: Are ETFs the way to invest for a bottom in the software sector?

The ASX 200 tested its all-time high at lunchtime yesterday before peeling away to close up just +0.3% as the dramatic polarisation across the ASX continues in earnest - already in 2026, we’ve witnessed the Tech Sector hammered by over -20% while the Materials have gained more than +12%, compounding the dramatic rotation through FY26. It's becoming almost monotonous to quote how far the major tech names have fallen day to day. However, it's hard to ignore; it felt like capitulation on Thursday, but there's already been a few chapters in that particular scary book - on the day, SiteMinder (SDR) -12.9%, Xero (XRO) -8.4%, Life360 (360) -8.3%, and Technology One (TNE) -6.9%.

Afternoon report 12/02/2026 18:09

The Match Out: ASX lifts as Banks surge in back to back sessions

The ASX pushed higher for a second straight session, flirting with fresh record highs at the 9100 level as bank earnings momentum continued to drive the index. ANZ stole the show with its best day in six years after delivering a standout quarterly profit result, and the broader financials complex stayed well bid, compounding Commonwealth Bank’s strong result yesterday.

Morning report 12/02/2026 12:24

What Matters Today: CBA puts the banks on centre stage

The ASX 200 soared +1.7%, enjoying its best day since October, posting 3-month highs in the process. Rallies by the heavyweight financials and materials sectors drove the move, led by strong earnings beats from Commonwealth Bank (CBA) and James Hardie (JHX). Although 8 of the main 11 sectors closed higher, the financials dominated the day, contributing 70% of the main boards' gain following the storming performance by CBA after its 1H profit topped expectations - more on the banks later.

Afternoon report 11/02/2026 17:51

The Match Out: CBA rips, drives ASX higher as Reporting Season shifts gears

The ASX surged toward all-time high territory, lifted by a string of earnings beats from heavyweight banks and industrials, helping the index shake off weakness in healthcare. Financials did the heavy lifting, with Commonwealth Bank delivering its best day since 2020, while miners also provided strong support as copper and gold prices stayed elevated.

Morning report 11/02/2026 09:43

Portfolio Positioning: Eyes down as reporting season kicks into gear

The ASX200 surrendered its early gains on Tuesday to end marginally lower after being up almost 60-points early in the session. Eight of 11 local sectors ended the session higher, as strong miners, energy, and IT stocks offset a 1.1% slump in the financial sector, with the insurers weak and bank selling gathering momentum during the day.

Afternoon report 10/02/2026 16:58

The Match Out: Insurance stocks become latest AI casualty as ASX edges lower

A mixed session for the ASX played out under the hood today with tech the clear standout and miners remaining firm after a strong start to the week as the bourse closed on the low of the day and almost +60pts from its high. Insurance stocks were hit as fresh fears emerged around AI disruption in the insurance-broking industry, with banks following suit into the afternoon.

Morning report 10/02/2026 09:36

What Matters Today: President Trump may be about to create a tailwind for US housing

Monday saw the currently fickle ASX 200 surge +1.9%, its best trading day since April, just one session after it plunged 2%. Yesterday’s gains were broad-based with all 11 sectors advancing along with 90% of the stocks, while the tech, real estate and materials sectors all gained by 3% or more.