Episode 84 | Private Credit Pressures, What’s Working in 2026, SpaceX IPO & Big Tech Valuation Reset

Description:

Welcome to Top of Mind with Consilio Wealth! Chris Kaminski and Hao Dang dive into the latest developments in private credit, unpacking the growing disconnect between publicly traded funds and their underlying illiquid assets. They break down what recent redemption spikes really mean, why liquidity mismatches matter, and how investor behavior is shaping the narrative. The conversation also explores what’s actually working in today’s market, the rotation away from big tech, and the buzz around a potential SpaceX IPO and shifting valuations.

We discuss:
➡️ The risks of putting illiquid private credit into liquid, publicly traded wrappers
➡️ What recent redemption spikes signal—and what the data actually shows
➡️ How retail investor behavior is impacting private credit markets
➡️ What sectors are outperforming in 2026 and why
➡️ The rotation away from mega-cap tech into “old economy” stocks
➡️ Big Tech valuation resets and whether this is a buying opportunity
➡️ SpaceX IPO speculation and the challenges of accessing private investments