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On today’s show, we discuss:
- Market Rout Leaves Wall Street Bracing for Rockier Times
- How Much Will SpaceX Actually Cost Your Index Fund?
- Meet the SpaceX Employees Who Are About to Make an Overnight Fortune
- Gen Z Can’t Get Enough of Roth IRAs
- Vanguard’s VOO Hits $1 Trillion of Assets in ETF Industry First
- Tech Selloff, Bitcoin Drop Test Retail Investor Strength Ahead of SpaceX IPO
- What Liberals Get Wrong About the Middle Class
- JPMorgan, Citi and Big Banks Plan New Tokenized Deposit System to Answer Crypto
- A victim of its popularity, Petoskey struggles as home prices hit $1 million
- Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund
- Cliffwater Private-Credit Fund’s Redemption Requests Rise to 17%
Listen here:
Charts:
Recommendations:
Tweets/Bluesky:
Dip buyers have been rewarded pretty well in this bull run. See a 2% down day on S&P 500 like on Friday? Buy the dip!
Since the start of the bull market, there have been 13 other 2% down days.
Four days later, $SPY was higher 11 of 13 times with a median gain of 1.2%. pic.twitter.com/WrwX6lvqBC
— Bluekurtic Market Insights (@Bluekurtic) June 7, 2026
SHOCKER: S&P 500 will NOT fast track SpaceX. So it will take AT LEAST a year, probably more. This is wild considering every other big boy index is 5-15 days. This could create significant return dispersion bt 'passive' indexes. Choose wisely. https://t.co/EG7R5IfX0u
— Eric Balchunas (@EricBalchunas) June 4, 2026
This is just 1 source but a quick google search will give you plenty more.
— MrHwang (@MrHwang53020279) June 7, 2026
Activity is not productivity.
Many signs of a surge in knowledge work output post chat GPT, but no signs of any meaningful increase in the real sales per worker at the economy wide level. pic.twitter.com/tAPlBHY9NJ
— Bob Elliott (@BobEUnlimited) June 7, 2026
12 REASONS WHY IT'S THE COLDEST CRYPTO WINTER EVER
Back in February I wrote a list of 10 reasons why this the worst crypto winter ever.
Well everything I cited then still holds, but now I have 2 more ways it's gotten worse:
From the newsletter https://t.co/25c7dc8ulW pic.twitter.com/U1cJTKkHnj
— Joe Weisenthal (@TheStalwart) June 2, 2026
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
— Michael Saylor (@saylor) June 8, 2026
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