{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/93274ea013904c24b68ed3c53c79709d\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/93274ea013904c24b68ed3c53c79709d-a951b99c4b013661.gif","duration":2172.284,"title":"The Big Rug Thesis for U.S. Equities 📉","description":"I am very bearish on U.S. equities, and I say the software index derated because vibe coding and AI models effectively attack customer IP and business logic. I argued a year ago that Anthropic and OpenAI did not explicitly protect chain of thought, and I point to real world cases like Anthropic blowing up IBM and Cloudflare stock when it announced automation and security services. I also claim Anthropic trained Mythos on chain of thought data, and that liquidity and passive flows will get sucked into jacked valuations and future AI IPOs. I did not request any action from viewers."}