The Stock Market Panic Explained

The episode analyzes the recent market downturn, attributing it to fears of AI disruption, particularly after Anthropic's announcement of AI tools targeting financial and legal sectors. It highlights how companies like S&P Global and Moody's experienced significant sell-offs due to concerns about AI's potential to automate their core functions. The host reviews his portfolio's $60,000 loss and discusses investment strategies, advocating for companies with robust, AI-resistant business models, such as Amazon, ASML, and Meta. He also addresses Uber's recent earnings report and the challenges it faces from competitors in the mobility space. The episode concludes with a critique of a congressional hearing featuring Netflix's CEO, where irrelevant and unproductive questions were posed.