🚨BREAKING: Markets Are Starting to Crack (Huge Stock Update For All Investors)

This is the Saturday stock market news roundup for Saturday, June 6, 2026. So much to talk about today, so let's get straight to it. SpaceX has announced its IPO date of June 12th, and will be going for about $135 per share. I'm going to be posting a video next Saturday all about the SpaceX IPO. I've been in research mode. I'm almost fully done with it. So, that's going to be all about that, the best way to invest in it. And spoiler alert, I am not touching this IPO. I'll give you more information on that. But in that video, I'm going to highlight a couple of very solid ETFs that are going to give you good exposure, but also keep you safe because this valuation is insane. Look at the pure comparison. SpaceX is aiming for a $1.75 to2 trillion market cap straight away and has only $18 billion of revenue, which is 94 times price to sales. For reference, a good price to sales ratio is under two and a high price to sales ratio is anything above four. SpaceX is at 94 for now. That and some other very important metrics are keeping me away from that IPO, but I'll share all that next week. This past week though, jobs report came in and shocked the market. The bond market is flashing warning signs. AI stocks slumped a bit. Geopolitical risks are still very high. And overall, the stock market just feels shaky. Any moderately bad news sends the market crashing. Even somewhat good news like the jobs report yesterday still had the market in shambles. The market is definitely starting to crack and there are warning signs everywhere. So pay attention. As far as crashes though, nothing's crashing much more than Bitcoin at this point. So I wrote this blog yesterday to my Patreon group because this is quite the dip for Bitcoin. So I wanted to keep them informed. So yes, Bitcoin's down bad. Like really bad. One reason is because Michael Sailor's company, Micro Strategy, had to sell $2.5 million worth of Bitcoin to pay its dividend, and that was not supposed to ever have to happen. Second, and much more importantly, and actually much more secretly, Wall Street is making a massive defensive pivot into blockchain technology to protect its grip on capital. Major commercial banks like JP Morgan, Croup, and Bank of America are launching a shared tokenized deposit network. by the first half of 2027 to counter the growing threat of stable coins. Unlike independent digital assets, these tokenized deposits keep funds firmly inside the regulated banking system while offering institutional clients 247 instant settlement and programmable features. This move is being heavily accelerated by the Clarity Act, currently advancing through Congress. If passed, its stable coin yield provisions could trigger a massive flight of deposits out of traditional banks and into crypto wallets. Ultimately, Wall Street has realized it can no longer beat blockchain architecture. So, it's attempting to co-opt the technology to build a walled garden that prevents capital from leaving their ecosystem. So, this is actually a good thing for Bitcoin. It just doesn't seem like it right now. I always knew that big banks weren't just going to sit back and let their monetary system and their hold on the entire financial system just get disrupted by something like Bitcoin. So, what they're doing right now is very smart for themselves, but it doesn't rule out Bitcoin. It's actually very positive news for blockchain in general, and the dominant feature on blockchain is absolutely Bitcoin and it will still continue to be Bitcoin. Right now, many are dumping Bitcoin because they're just seeing that price action drop. And this is why I tell you, you need to do your research. You need to understand what you're invested in. Because yes, Bitcoin is very speculative. It's very much volatile as we've seen. But if you understand the long-term thesis, then you understand why it's a long-term asset to just buy and hold. I'm keeping the faith. And actually, at these prices, I started to add more than my normal dollar cost average. Now, I got into Bitcoin a long time ago, so my cost basis is is much lower than where it's at today. So, it's even tougher for me to add too much right now. But for anybody who's bought over $100,000 and now it's at like the $60,000 range, should be a no-brainer if you've done the research and you understand what you're invested in. I will say one more time that Bitcoin is still very speculative. It's still very risky. It's a small portion of my portfolio. And if you don't understand it, you have no business buying into it. Now, let's get into news that's affected the market this week and for sure is going to affect it over the next couple of weeks in June. And before that, I'll actually give you the most important dates to watch out for here in June. So, keep this on track. And I want to take a minute to thank and introduce the sponsor of today's video, which is Surf Shark. Surf Shark is a cyber security company that effortlessly secures you online. Pay for one tool and protect all aspects of your online life. Many public Wi-Fi networks are not secure. This makes it so easy for hackers to go in and steal your data. Surf Shark is the fastest VPN service for online privacy. There's so many reasons to go with Surf Shark, like the easy setup, multi-device protection, and the cyber security bundle. My favorite thing about Surf Shark is how it actually compares to big competitors. Compared to ProtonVPN, Cyber Ghost, and ExpressVPN, Surf Shark blows them out of the water. With all the financial data that I'm using and that I'm working on, especially from the road, I want to be protected as much as possible. There are free VPNs out there, but they're pretty terrible. With Surf Shark, you get fewer limits, smoother experience, and a longer term protection. With affordable prices like this, Surf Shark is a no-brainer. Go down to the link down in my description, which is surfshark.com/simplified, or use code simplified at checkout to get four months of Surf SharkVPN. Okay, so the most important stock dates for June. We have the CPI inflation report and PPI inflation report coming up next week. June 16th and specifically June 17th is going to be huge. The new Fed chair has the press conference. This is going to be his first one. and this often creates large intraday swings in stocks, bonds, and the dollar. We'll see what Kevin Walsh has to say about rate cuts, projections, and Fed commentary. We also have the triple witching options expiration on June 20th, GDP revision on June 26, and core PCE inflation at the end of the month. If you're only watching three dates this month, watch June 10th for CPI inflation, June 17th for the Fed meeting and press conference, and June 27th for core PCE inflation. Those three events will likely determine the market's direction for the rest of the summer. And at the end of this video, I'll show you exactly what I'm looking forward to next week, especially. But for right now, let me go over some of the news that happened over the last week. The biggest one was the stronger thanex expected jobs report that came out. May jobs report came in much stronger than expected with about 172,000 jobs added versus expectations near 85,000. A stronger labor market makes it less likely the Federal Reserve will cut rates soon, causing Treasury yields to jump and putting pressure on growth stocks, especially technology. In our group chat on Patreon, I explained this and said that higher rates for longer generally hurt high valuation stocks and increased borrowing costs throughout the economy. This is likely why we saw the stock market drop so much yesterday on Friday, especially in the higher risk things and the higher tech things. Number two, though, the bond market is definitely flashing warning signs. When I say this market is cracking, this is one of the biggest signs. Long-term Treasury yields remain elevated as investors worry about growing US deficits and government borrowing needs. Rising yields have become one of the biggest risks to the stock market because they compete directly with stocks for investor capital. If the 10-year Treasury continues climbing, valuation multiples on stocks could compress even if earnings remain strong. Basically, investors are able to get this guaranteed rate and higher yields by putting something in something much safer than putting that in stocks which are much more volatile. So, if you can get a good enough return with barely any risk, why would you risk it in the stock market? By investors pulling out of the stock market and putting it there, that makes our stock market drop. And number three, along with that, we're seeing a little bit of a speed bump for the AI stocks that have been on fire recently. After a massive AIdriven rally, semiconductor stocks saw profit taking this week. Broadcom's disappointing reaction weighed on the chip sector, and investors began questioning whether AI related stocks had gotten ahead of fundamentals. This matters because AI remains the dominant market theme, but investors are becoming more selective and demanding stronger earnings growth. This is what I've been saying all along that even a good earnings report isn't enough to keep this up. It has to be ecstatic. We have to be absolutely blowing things out of the water and at this point it's just keeping up with the value. All of this is already tough, but in the background we have a huge thing looming and that's that oil and geopolitical risk. Middle East tensions continue to create uncertainty around energy markets. Oil prices have remained elevated compared with earlier in the year, keeping inflation concerns alive and complicating the Fed's path toward rate cuts. This matters because higher oil prices can reignite inflation, hurt consumer spending, and delay monetary easing. Now, all that's a lot and I'm looking at that obviously, but what I'm watching very specifically next week is obviously that CPI inflation report, which is arguably the most important data point. looking at the Treasury yields, watching that Fed commentary, really need to watch the AI semiconductor earnings and guidance, and then obviously any type of oil price or geopolitical developments. For long-term investors and also, I guess, for short-term investors, things are changing. We're definitely out of this hope mode that possibly the stock market or the rates are going to be dropping. It does look like we're going to keep at least these rates at the same place for longer, this higher rates for longer. I don't know if we're going to see an increase in rates. That would be kind of crazy and that would actually really hurt the stock market. But you do need to prepare for it. And so right now, look at your portfolio. If it's all incredibly red, down 20 or 30%, probably means that you're in way too risky of assets and we need to start thinking about eventually moving that over and having a little bit more balance. Higher rates are not necessarily a bad thing, especially for quality companies, probably the ones that you deem as boring companies, but for those ones that have high stock multiples or high growth probability, those are the ones that are going to fall the most. And I've been saying this for years now. Those types of stocks do well in a lower rate environment. But with the rates at where they're at, plus all the different geopolitical tension and all the other things I talked about, markets are absolutely starting to crack and you need to be prepared. Next week, I'm going to be talking about SpaceX and the ETFs to be looking for. But for now, watch either of these two videos to keep you going strong in investing. And remember to keep investing simplified.