Buzzberg Cup Live

World Cup Frenzy, SpaceX Race In ETFs, Tracking Founder-Led Companies | ETF IQ 6/29/2026

Watch on YouTube ↗  |  June 29, 2026 at 19:25  |  42:10  |  Bloomberg Markets
Speakers
Nancy Tengler — CEO & CIO, Laffer Tengler Investments
Chris Marangi — Co-CIO, Gabelli Funds
Michael Monaghan — Portfolio Manager, Founder ETFs
Eric Balchunas — Senior ETF Analyst, Bloomberg Intelligence
Katie Greifeld — Anchor, Bloomberg
Giang Bui — VP & Head of Issuer Growth, Securitize

Summary

The episode covers ETF flows and a frenzy in leveraged SpaceX ETFs ahead of SpaceX's index additions. Nancy Tengler discusses accumulating SpaceX and NVIDIA, the case for dividend-growth tech, and why equities are not late cycle. Chris Marangi makes the case for soccer clubs via the GOLS ETF and Comcast's spin-off. Michael Monaghan explains the Founder 100 ETF's focus on founder-led companies. Giang Bui discusses tokenization's role as an accelerant for ETFs. The traffic light segment highlights BTAL as a potential AI sell-off hedge.

  • Eric Balchunas highlights massive flows into the DRAM ETF and a volume frenzy in leveraged SpaceX ETFs.
  • Nancy Tengler reveals accumulating SpaceX and adding to NVIDIA, citing dividend growth as a confidence signal.
  • She argues the S&P 500 is not in late innings because multiples haven't expanded, with AI underhyped.
  • Chris Marangi presents GOLS ETF as a play on soccer clubs' resilience, World Cup catalyst, and cheap valuations.
  • He also sees Comcast's planned split as a value-unlocking catalyst.
  • Michael Monaghan detail how the Founder 100 ETF captures the 4% annual outperformance of founder-led firms.
  • Eric Balchunas notes BTAL's role as a hedge if AI stocks correct without a broad market crash.
  • Giang Bui explains tokenization's regulated approach and its potential to accelerate ETF adoption via on-chain ownership.
Ideas
Nancy Tengler CEO & CIO, Laffer Tengler Investments 4:20
Accumulating SpaceX for transformative potential.
She owns SpaceX in her growth and thematic strategies, accumulating on weakness and adding since the IPO; she believes the company will change how we live over the next 3-10 years, focusing on narratives and fundamentals rather than valuation.
SPCX HIGH
Nancy Tengler CEO & CIO, Laffer Tengler Investments 5:11
Buying NVIDIA for dividend growth signal.
Recently added NVIDIA and continues to add because it now pays a growing dividend, which signals management's conviction about future cash flows; the dividend growth factor was key to earlier additions like Google.
NVDA HIGH
Nancy Tengler CEO & CIO, Laffer Tengler Investments 9:53
Bullish on S&P 500, not late cycle.
Believes the equity market is not in late innings; earnings growth over the past five years has been 70-80% while returns are only 80-85%, meaning multiples haven't expanded like in the late 1990s; AI is more robust than the internet and cloud combined, supporting further gains.
SPY MED
Chris Marangi Co-CIO, Gabelli Funds 14:17
Buy GOLS ETF for soccer club growth.
The GOLS ETF offers exposure to publicly traded soccer clubs, which are inflation-indexed, economically resilient, and AI resilient; the clubs have compounded at mid-teens annually, outperforming the S&P 500 over time. The upcoming World Cup in North America will boost global interest, and clubs trade at half the multiple of US teams, with capital needs driving uplistings and higher valuations.
GOLS HIGH
Chris Marangi Co-CIO, Gabelli Funds 17:02
Comcast spin-off unlocks hidden value.
Comcast's plan to separate broadband and content will surface value; the company trades at a cheap multiple, and the split increases strategic possibilities. Consolidation among broadband companies is expected, further unlocking value.
CMCSA MED
Eric Balchunas Senior ETF Analyst, Bloomberg Intelligence 19:51
Use BTAL to hedge AI sell-off risk.
BTAL is a market-neutral ETF that goes long low-beta stocks and short high-beta stocks. It would perform well if high-flying AI stocks correct without dragging down the whole market, similar to 2022, serving as a true hedge.
BTAL MED
Michael Monaghan Portfolio Manager, Founder ETFs 25:37
Invest in founder-led companies via FFF.
Founder-led companies have historically outperformed by an average of 4% per year versus board-hired CEOs; the S&P 500 and Nasdaq are underweight such companies, so concentrating on them through the Founders 100 ETF (FFF) provides higher efficacy. The fund caps individual positions at 7% to manage risk.
FFF HIGH
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This Bloomberg Markets video, published June 29, 2026, features Nancy Tengler, Chris Marangi, Eric Balchunas, Michael Monaghan discussing SPCX, NVDA, SPY, GOLS, CMCSA, BTAL, FFF. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Nancy Tengler, Chris Marangi, Eric Balchunas, Michael Monaghan  · Tickers: SPCX, NVDA, SPY, GOLS, CMCSA, BTAL, FFF