Jun 11, 2026
The SpaceX IPO may be one of the most anticipated market events of the year, but does that mean investors should rush to participate?
In this episode of Off The Wall, David B. Armstrong, CFA and Nate Tonsager, CIPM, CFA challenge some of the biggest assumptions surrounding IPOs, including the belief that buying on day one means getting in early. They explore what history says about IPO performance, why patience can be an advantage, and how investors can gain exposure without getting caught up in the news headlines.
They also unpack the market's recent volatility, the surprising sector shifts happening beneath the surface, and why they believe that adaptability is the key to long-term investment success.
Episode Timeline/Key Highlights:
00:00 - Cold Open And Disclosures
00:27 - AMA Format And Today’s Two Questions
01:30 - SpaceX IPO Hype Vs Reality
04:35 - IPO Returns Stats And Lockup Pressure
1255 - Institutions, Allocations, And Retail FOMO
17:35 - Index Funds, ETFs, And Long-Term Exposure
23:53 - Market Volatility And Sector Whiplash
26:52 - Earnings Strength And A Data Process
30:47 - REIT Trivia, Listener Questions, And Subscribe
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About “Off the Wall”:
Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts David B. Armstrong, CFA and Nate Tonsager, CFA, CIPM bring you straightforward, candid insights about what’s really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.
Learn more about our hosts on our website at https://monumentwealthmanagement.com