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The US Stock Market has Never been this Expensive - Ferenc Shares Special 250th Independence Day Message!

Jun 29, 2026

The US Equity Market Valuation has hit the highest level ever recorded!

This combined metric includes P/E, Forward P/E, Shiller P/E, EV/EBITDA, Price-to-Book, Price-to-Sales, Q Ratio, Return on Equity (RoE), and the Warren Buffett Indicator.

The US Equity Market Valuation metric has hit the 80% percentile 5 times since...

The Federal Reserve Puts Markets on Notice of Possible Rate Hikes. How to Increase Index (Growth) Annuity Returns 2-3X.

Jun 22, 2026

Inflation has increased for the third consecutive month. Historically, inflation happens in waves.

The recent Federal Reserve meeting was the first one with the new Chairman, Kevin Warsh. Following are the highlights:

1. Half of the Fed Governors projected a rate increase in 2026

2. None of the Fed Governors...

Large IPO Prices Historically Drop Significantly after their Debut

Jun 15, 2026

IPO's over the past 45 years that debut above 40x sales underperform the market by 58% over the next 3 years.

SpaceX IPO initial price was about 90x sales.

The lower the price to sale ratio, the better the returns long-term.

The top 10 largest IPO's price dropped an average of 35% in 6 months.

IPO's tend to issue a...

The SpaceX IPO May be the Largest Insider Sell Event in a Decade

Jun 8, 2026

Apple went public in 1980 at 15X revenue.

SpaceX is scheduled to go public on 6.12.26 at 100X revenue. The market cap is estimated to be $1.5 -2.0 trillion valuation. This would be higher than Microsoft. SpaceX would be the third largest company by market cap in the US, behind only Apple and Nvidia.

SpaceX lost...

The AI Bubble is Showing Serious Signs of Cracking

Jun 1, 2026

Stock valuations have almost never been higher.

- The Buffet Indicator is at 233, the highest ever recorded. Market cap to GDP has never been higher.

- The Schiller Adjusted Price to Earnings ratio is the second highest recorded in 145 years. At current valuations, it would take over 40 years to recover the...