07/17/2026
It seems like EVERYBODY wanted into SpaceX just a few weeks ago before everything started to turn.
Chasing hot IPOs like SpaceX, Cerebras, and Figma right out of the gate has been brutal for a lot of investors.
Growth and AI stocks have taken a beating lately — some names down 40-60% from their highs — even though the S&P 500 has only pulled back a few percent.
In our latest podcast, we explain why we've shifted from "riding the wave" to "treading water" until the market shows its hand, and walk through the discipline that's kept our drawdowns far smaller than the damage other investors experience when they have their money with a typical Wall Street Broker who puts everything into a PieChartsRUs portfolio.
What's happening at SPCX? Bulls seemed poised to pounce just a few ...