With signs of frenzied speculation everywhere, Peter and Charlie discuss SpaceX’s recent IPO, abnormally high semiconductor index returns and the danger of chasing performance before explaining why heavily equity-based diversified portfolios have enjoyed outsized performance over the last decade.
The Madness of Crowds
Published on June 18, 2026
Charlie Bilello
Chief Market Strategist
Chief Market Strategist
Peter Mallouk
President & CEO
President & CEO
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