Mike MilliganFounder and CEO, 1.oak Financial · Founder and CEO, 1.oak Financial

What can Amazon and Facebook IPO teach us about SpaceX.

16 Jun 2026 · 1 min

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In this market commentary, Mike Milligan emphasizes the importance of position size and time horizon when investing, warning that a hot IPO should never be placed in the portion of a portfolio that funds essential expenses like a mortgage. He then recaps the day's market action: the Dow closed at a fresh record of 51,671, up 0.92% for the year; the S&P 500 rose 1.65% to 7,554; the Nasdaq surged 3.07% in a single day to 26,684, its best since March 31. Oil prices collapsed following an Iran framework agreement. The rally was led by technology stocks, with all of the Magnificent Seven posting gains, and Meta leading the group with a roughly 4% increase.

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Position size matters. Time horizon matters. And a hot IPO does not belong in the part of your portfolio that pays your mortgage. Yesterday's market action was huge, by the way. The Dow glitch closed at a fresh record, 51,671, up 468 points or adding 0.92% to its gains for the year. The S&P 500 added 1.65% to move to 7,554. The NASDAQ jumped 3.07% in one day to go to 26,684, its best single day since March 31st. Oil prices collapsed on the Iran framework agreement. Technology led the rally, and all the Magnificent 7 stocks were green, with Meta leading the group, up about 4%.