Do this before SpaceX IPOs or be sorry

When Elon's SpaceX IPO officially hits — which could be just days from now — two things will happen.

Elon's 40% stake will immediately earn him around $625 billion in new wealth. Then millions of small investors will buy SpaceX's stock, hoping to strike it rich.

Unfortunately, many of them will be disappointed.

Because the real money from this SpaceX IPO — the biggest gains — will be made before the stock even hits Wall Street.

That's why I'm urging you to take advantage of this pre-IPO SpaceX play while you still can.

Sincerely,
Tim Bohen

☕️ GM Munchers! I gave up chocolate for Lent as a sacrifice. Turns out the market had a much bigger sacrifice in mind and didn't ask my opinion about it.

On today’s menu:

• 😢 Market Still Feeling Pretty Moody

• 🏠 Ackman & Burry Love This Stock

• 🤑 A $10 Million Insider Buy

• 📉 Google Destroys Chip Stocks

• 👀 Is This Mineral Stock About To Explode?

Yesterday’s numbers:

BREAKING NEWS

📉 Market Still Feeling Pretty Moody

The market woke up Monday, had a cup of coffee, opened green, and then realized it partied too hard on the weekend and the caffeine did absolutely nothing. Everything started out fine. Then everything wasn't fine.

Here’s your breakdown:

1. Trump Turned Up The Volume: Trump warned Iran yesterday that the U.S. would destroy its oil wells, power plants and Kharg Island unless the Strait of Hormuz was reopened. He also told the Financial Times that he would like to “take the oil” which doesn’t bode well for the market that doesn’t want boots on the ground.

2. The Real Story Is Oil: Brent crude spiked to $116.50 a barrel before settling at $114.60, up 1.8% on the day. Brent has now surged roughly 55% in March alone. That is a record going all the way back to 1988. The previous record was a 46% gain in September 1990. During the Gulf War.

So, where are we in the middle of all this chaos?

The S&P 500 is down 8.5% from its highs. The average drawdown in a midterm year is 16.1%. I don't do math in public, but that means another 8% of potential pain before this is over. The good news? Markets historically rip right after midterms. Hard and fast.

The Munch Take: No single headline broke the market yesterday. Mr. Market is just moody. We bought the dip and we'll keep buying it until we're out of dry powder. Long term, we're bullish. Short term, we keep reminding ourselves that this is exactly the kind of dip we dream about when we're sitting at all-time highs. My wife hasn't checked her portfolio once this month. She's sleeping fine. Me on the other hand? I have three monitors and a problem.

🏠 When Ackman And Burry Agree, You Should Probably Listen

Two of the brashest names in finance finally agreed on something. And the market lost its mind.

The Call: Bill Ackman posted on X that Fannie Mae and Freddie Mac are "stupidly cheap." Both are down roughly 60% from their September peak. He predicted 10X returns. He said it could happen soon. That is not a subtle call.

The Result: $FNMA jumped 50.21%.

The Co-Sign: Michael Burry. The man who predicted the subprime mortgage crisis before anyone else was paying attention. He responded to Ackman's post with one line: "Cannot emphasize enough how rare this is in this market." Burry has held a significant stake in both companies since December. This is not a new idea for him. It just became everyone else's idea yesterday.

The Context: Fannie and Freddie helped blow up the housing market in 2008. The government took them over and never fully let go. Ackman has argued for years they were treated unjustly. He wants them relisted on the NYSE. The White House's current posture may finally be moving in that direction.

The Munch Take: This is a very cool story, but is another example of how the little guy loses. Ackman put out the tweet on Sunday, and what happened yesterday? The stock climbed over 50%. The move is already over. It’s hard to lose when you have millions of followers, and one tweet can pump a stock like it’s 1999.

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MARKET OVERVIEW

🍿 Tasty Movers & Shakers

🪙 $BTC Bitcoin closed green yesterday. Small victory. Prediction markets are now pricing in a 52% chance it crashes below $45,000 before the end of the year. That would be a 33% drop from here. I told my wife Bitcoin is a store of value. She nodded and put the money in a savings account instead. She is up. I am down. Bad.

🔒 $PANW Palo Alto Networks gained 4.99% yesterday and the reason is the best kind. CEO Nikesh Arora bought roughly $10 million worth of his own stock. That is not a man who thinks his company is in trouble. When the person running the ship starts loading up at current prices, the market tends to notice. And follow.

🚗 $CAR The rental car rally from last week is already over. Avis Budget slid 8.68% after announcing an equity distribution agreement with major banks. Translation: they're selling new shares into the market. More shares means your existing shares are worth less. The trade that made sense last Monday does not make sense today. That's the rental car business in a nutshell. Great for a weekend. Terrible long term.

🍽️ $SYY Sysco shed 4.5% after agreeing to buy Jetro Restaurant Depot for a total enterprise value of $29.1 billion. The company is adding $21 billion in new debt, will issue shares, and needs to suspend its share buybacks. The market looked at that price tag and sent its food back.

✈️ $JBLU JetBlue is hiking checked bag fees. First-bag fees rising to $39 off-peak and $49 during peak periods. Fuel is up 50%. Your carry-on is next. You've been warned. The stock dropped 2.37%.

STOCK OF THE DAY

📉 Google Destroys Chip Stocks

Google dropped a research paper this week unveiling TurboQuant, a new compression algorithm that claims to reduce the memory required to run large AI models by six times. The market heard "six times less memory" and immediately started selling everything with a chip in it.

• $MU cratered 10.39%.

• $SNDK shed 8.67%.

• $INTC dropped 5.36%.

•  $AMD fell 3.98%.

• Even $NVDA, the golden child, slipped 1.72%.

What TurboQuant Actually Does: The algorithm compresses the key-value cache. That's the part of an AI model that stores past calculations so the system doesn't have to run them again. Basically, Google taught AI to remember things more efficiently.

📈 The Bull Case:

• Big companies like Microsoft and Amazon already placed their chip orders for the year. Those orders aren't getting cancelled because of one research paper.

• When technology gets cheaper and easier to use, people use MORE of it. Not less. Think about what happened when streaming got cheaper. Everyone got four subscriptions. AI getting more efficient probably means more AI. Which means more chips.

• This trick only works on one small part of how AI runs. The rest of the machine still needs the same hardware it always did.

📉 The Bear Case:

• Chip stocks have been on a monster run. Investors were already looking for an excuse to take some money off the table. Google handed them one.

• If AI can do the same job with six times less memory, data centers might start buying six times fewer memory chips. Less demand. Lower prices. Smaller profits.

• This is the second time in a year the market has panicked about AI needing less hardware. The first time was DeepSeek. It won't be the last.

The Munch Take: The bears are selling the headline. The bulls are saying cheaper AI means more AI, which means more chips eventually. Both arguments are reasonable. Neither camp has any idea what happens next.

TRADING SUCCESS

🤑 Tuesday Motivation

🚀 Pre-Market Fuel

1. 🚀 How to profit from the biggest IPO in history ($7).

2. 👀 Is this mineral stock about to explode?

3. ⛽️ Is gas about to hit $4?

4. 🇨🇦 The Canadian Dollar is struggling.

5. 📉 Japan’s stock market is crashing.

🍪 Munchy Memes

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