The Good, The Bad, The Ugly - Economic Update

Join us for the latest economic update with Bruce Williams, Portfolio Manager at Elston Asset Management, as he shares his insights on the Australian economy. Discover the good, the bad, and the ugly aspects of the current economic landscape.

The Good, The Bad, The Ugly - Economic Update

For those that are wondering, on the discussion about Magnificent Seven”.

In finance, the “Magnificent Seven” refers to a group of seven high-performing, influential stocks in the technology sector. The name derives from a 1960 Western film, directed by John Sturges, that depicts a powerful group of seven gunmen.

Bank of America analyst Michael Hartnett coined the phrase in 2023 when commenting on the seven companies commonly recognized for their market dominance, their technological impact, and their changes to consumer behavior and economic trends: Alphabet (GOOGL; GOOG), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), and Tesla (TSLA).

 However, as of 2025, Broadcom (AVGO) has jumped into the ranking, while Tesla has dropped out.