June 19th, 2026 | Mega IPO Mania, Lessons From Bubbles, Private Credit Pressure, Fundamentals Ignored Again, Economy Beats Headlines, Fed's Real Message, Smarter Charitable Giving & More

You Didn’t Get SpaceX? Don’t Worry, There Are Other Mega IPOs Coming
You may feel like everyone got into SpaceX except you, and now you're wondering: Should I buy shares today? Is there something better coming next? The reality is that several other massive IPOs could be coming sooner than many investors realize. At the top of the list are OpenAI, with an estimated valuation of $852 billion, Anthropic, with an estimated valuation of $965 billion, Stripe, with an estimated valuation of $159 billion, and Databricks, with an estimated valuation…

What Can the Nifty Fifty and Tech Bubble Teach Us About Today's Market?
Every market cycle has a story. In the early 1970s it was the "Nifty Fifty." In the late 1990s it was the internet and technology boom. Today it is artificial intelligence.
The late 1990s we saw the technology boom where the internet was a revolutionary innovation that truly changed the world. Investors were correct about the technology but wrong about what they…

Private Credit Funds Are Facing High Redemption Requests Again This Quarter
For the first quarter of 2026, redemption requests in several private credit funds exceeded the industry-standard 5% quarterly redemption cap.
Second-quarter requests appear to be even higher. BlackRock's flagship private credit fund received redemption requests totaling 13.3% of fund assets, up from 9.3% in the first quarter. BlackRock has indicated it will…

Investors Turn a Blind Eye to Fundamentals
For many years, successful investing was built on analyzing company fundamentals. Today, however, there is a growing trend toward speculation and gambling. Many investors simply do not seem to care about valuation or earnings and instead believe stocks will continue to go "to the moon."
Tesla is a good example. Three years ago…

Headlines Say Crisis, Economic Data Says Otherwise
The economy continues to show surprising resilience despite concerns surrounding higher energy prices and the conflict involving Iran.
Many investors expected consumers to pull back as gasoline prices surged and headlines focused on geopolitical risks. Instead, economic data suggests the U.S. consumer remains in…

The Most Important Part of the Fed Meeting Wasn't the Rate Decision
The Federal Reserve's June meeting marked one of the biggest shifts in Fed communication and leadership in decades.
As expected, the Fed left interest rates unchanged at 3.50%-3.75%, but the details beneath the surface were far more important.
For the first time since 1951, a former Fed chair will remain on the Board after stepping down as chairman. Jerome Powell's decision to stay on as a governor creates an unusual dynamic as new Chairman Kevin Warsh begins reshaping the institution. Historically…

Financial Planning: Give More, Pay Less with Appreciated Stock
One of the most tax-efficient ways to support a favorite charity or church is by donating appreciated stock instead of cash. When stock that has been held for more than one year is gifted directly to a qualified charity, the charity receives the full market value of the shares and can sell them without paying tax because it is a tax-exempt organization.
The donor generally receives the same charitable income tax deduction they would have received had they donated cash, while also avoiding the realization of any capital gain. For example, if someone is considering donating either $50,000 of cash or $50,000 of appreciated stock, the charity receives the same economic benefit in either case, $50,000 that can be used to further its mission. Likewise, the donor generally…

Companies Discussed: Accenture plc (ACN)