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🦄 The biggest tech winners now stay private for more than a decade. That's where most of the value gets created, and until recently it was off-limits to anyone who wasn't already a billionaire.

🎙️ In this episode of UNLOCKED, Andreas Bezner explains how he went from professional graffiti artist to building one of Switzerland's leading pre-IPO fintechs, why "the next NVIDIA" mistake is usually a prediction problem rather than a stock-picking one, and how Stableton opens access to the 20 most valuable private companies, names like OpenAI, Anthropic, Canva and Epic Games, before they ever go public.
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Kevin Warsh's first Fed meeting as Chair delivered a surprise—and not the dovish one markets were hoping for.
While the Fed left rates unchanged, the message was unmistakably hawkish. More importantly, Warsh appears determined to reshape the Federal Reserve itself. From questioning forward guidance and refusing to place a dot on the dot plot, to reviewing the Fed's communication strategy, balance sheet and reliance on traditional economic data, the new Chair is signalling that the Warsh era could look very different from the past two decades!

Listen to find out more!

Ipek Ozkardeskaya has begun her financial career in 2010...

SpaceX has surged to a valuation above $2.6 trillion, making it one of the most valuable companies in the world despite reporting losses and offering no clear profit outlook for this year. The rally is reigniting the bubble debate and raising questions about how far investors are willing to stretch valuations in the search for the next big thing.
At the same time, new Fed Chair Kevin Warsh faces his first major policy test. Inflation remains above 4%, the labour market remains relatively resilient, and markets have gone from pricing multiple rate cuts this year to considering the possibility of...

Oil prices are falling, bond yields are easing and investors are rotating back into risk assets – including SpaceX. But beneath the optimism, a new question is emerging: what exactly is – and will be - inside your index?
SpaceX's surge to a $2.5 trillion valuation has reignited the debate around speculation, passive investing and index concentration. If included in the Nasdaq 100 today, the company could become one of the index's largest constituents despite ongoing cash burn and a valuation that many argue is disconnected from fundamentals.
So, before buying the cookie, it may be worth checking the ingredients....

Could the 40th peace announcement finally be the one that sticks?
Markets are certainly acting as if it might. Reports that the US and Iran have reached an agreement to end the conflict and reopen the Strait of Hormuz sent oil prices sharply lower and boosted risk appetite across global markets. Lower energy prices could ease inflation pressures, soften central bank rhetoric, and provide fresh support for equities.
Today, we look at the potential market implications of a lasting Middle East peace deal, what falling oil prices mean for inflation, the key central bank meetings this week including the Fed,...

It’s SpaceX Day.
Today marks the stock market debut of SpaceX in what has become the largest IPO in history, giving the company a valuation approaching $1.8 trillion and potentially making Elon Musk the world’s first trillionaire.
But while investors watch a rocket leave the launchpad, markets back on Earth remain hostage to Middle East headlines. Oil prices continue to swing on every comment regarding Iran, the Strait of Hormuz and the prospects for a lasting ceasefire, while investors insist to price optimism before it becomes reality.

Listen to find out more!

Ipek Ozkardeskaya has begun her financial career in...

Rising energy prices, hotter inflation and a tech-led market selloff may leave some space in the headlines to the upcoming SpaceX IPO, the largest in history. With a valuation approaching $1.8 trillion and demand reportedly more than four times oversubscribed, SpaceX is set to become one of the world's most valuable companies from day one.
But can the stock live up to the hype?
Will we see a massive buying frenzy or a classic "buy the rumour, sell the fact" event that triggers profit-taking across space and other technology stocks. And in the longer run, how valuation concerns, liquidity risks,...

Middle East tensions are flaring up again, oil prices remain surprisingly contained below $90 per barrel, but risks remain tilted to the upside. Another rise in oil prices is a threat to global risk appetite at a time major central banks turn hawkish on rising inflation and investors question the parabolic tech rally.
So today’s US CPI report could become the next major market catalyst. Could inflation force the Fed into a deeper hawkish stance? If so, would tech investors also thrown in the towel?

Listen to find out more!

Ipek Ozkardeskaya has begun her financial career in 2010 in...

Technology stocks bounced back as investors once again rushed to buy the dip, brushing aside concerns about valuations, energy risks and signs of strain in the broader economy. The latest rebound suggests that the AI trade remains the dominant force in global markets, with every pullback viewed as another buying opportunity.
Meanwhile, hopes of a ceasefire between Iran and Israel helped ease oil prices and yields, but underlying energy risks remain largely ignored. European markets continue to lag due to their limited exposure to technology, while excitement around upcoming IPOs such as SpaceX keeps investors focused on the next big...

The AI trade may finally be showing its first real crack. After months of relentless gains, semiconductor and AI stocks came under heavy pressure as stronger-than-expected US jobs data pushed Treasury yields higher, raising questions about the sustainability of sky-high valuations. But rising yields are only part of the story. New reports suggest future AI infrastructure may require less DRAM memory than previously expected, while growing calls for tighter oversight of frontier AI development are adding uncertainty to the long-term spending outlook.
Meanwhile, investors are closely watching the biggest event of the week: the SpaceX IPO. Could capital be rotating...