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🏆 $SPCX is officially the largest IPO ever.
✅But the real opportunity may be owning the broader space ecosystem.
✅Learn about $NASA via @Temaetfs on First Look ETF (See full episode here: youtube.com/watch?v=9ePnbiPb…)
✖️The IPO market is flipped.
✅Decades ago, public investors got access to promising small companies with huge growth potential. Today, most of that wealth creation happens in private markets.
⚠️By the time many companies go public, they're already mega-cap giants—and early insiders have captured much of the upside.
⚠️Today, public investors aren't funding the next big thing. They're often providing liquidity for those who got in first. #SpaceX$SPCX
A NEW KING: Vanguard has officially overtaken BlackRock in US ETF Assets w/ $4.39T vs $4.36T ending a 23-year reign since Blk knocked off State Street in 2003, who was king for 10yrs bf that (we need an ETF museum lol). That said, BlackRock is still bigger in global ETF aum AND global total aum, but Vanguard is definitive King of America in both ETFs and MFs and VOO in the single ETF category, and it's hard to see anyone challenging them for a long time as they take in approx 50% more flows than anyone else. Great scoop from @kgreifeld today (full piece link in reply)
⚠️Soaring US income tax rates are ahead.
⚠️Most retirees will be in a higher tax bracket.
⚠️Even if they're earning less money retired.
⚠️Because future US tax rates will be higher.
✅Use Roth IRA, Roth 401k & Roth Conversions to permanent hedge away higher future taxes.
#retirement#taxes#usdebt#financialplan
🔌 #Copper is fast becoming one of the world’s most strategic materials.
From powering AI infrastructure to enabling electrification and expanding energy systems, demand for copper continues to accelerate while supply faces growing constraints.
In this video, Sprott Asset Management CEO John Ciampaglia explores:
• The key forces driving copper demand
• The structural challenges on the supply side
• Why these dynamics may be supportive of higher prices
• How investors can gain exposure through the Sprott Physical Copper Trust
▶️ Watch the full discussion to learn more. sprott.com/insights/why-inve…
⚠️WARNING: ⚠️The single most important factor shaping stock prices is public psychology. - G.L.
✖️Not valuations, not P/E, P/B, market cap to GDP or other factors.) $QQQ$SPY$DIA$IJR$MDY$VTI
....but always remember, market prices aren't shaped by valuations, or yields, or multiples or other neatly devised stats, but rather human/public/investor psychology.
How big is the ecosystem of ETFs around @SpaceX going to be? There are already at least 21 ETPs filed by 12 different issuers. Insane for a company that hasn't even IPO'd yet. $SPCX