Episode 62: The SpaceX IPO, the Magnificent Ten, and What's Quietly Breaking Underneath the Market

June 22nd, 2026  |  36 mins 14 secs

ai investing, concentration risk, financial independence, inflation planning, ipo, magnificent ten, market concentration, market timing, portfolio diversification, portfolio rebalancing, retirement planning, tax planning

Deon Strickland joins Stephan for a quarterly Scholar Big Picture conversation on what the SpaceX IPO says about how investors are pricing AI, the growing concentration risk as the Magnificent Ten approaches forty percent of the S&P 500, and the strange disconnect between a strong stock market and rising credit card defaults. They also work through the case for gold and bonds as shock absorbers, the political path toward higher tax rates and wealth taxes, and what Deon is watching from the new Fed chair and the next inflation print.