Rockwell ($ROK) podcast mentions
It's like 4,000 pieces of art in George Lucas's collection, 13,000 at the exit, or at the museum. Yeah, only 6 of them on loan. Yeah. And so I thought that what I was going to walk into was like Star Wars. Yeah, yeah. That's actually not what it is. Ready to dress up as Chewbacca. So this is what the art museum gets, which is modern art, most of what you see kind of stinks because it's super abstract and you're like, what is going on? This is the best non-canonical collection of modern art museum I've seen. And what I mean by that is I think the MoMA has a better collection. Okay. But at the MoMA, you see the canon pieces of modern art. You see everything from Van Gogh's Starry Night to, you know, Cubism to then stuff that comes out of World War II. This is very different. This is a lot of paintings that I did not know, and almost every painting feels like a freeze-frame in a movie. Mm-hmm. And you almost feel like somebody stopped it. So the lighting is super dramatic. There's like these dramatic scenes. Then there's a whole range of styles. And then the other thing, for people like Norman Rockwell, it's— must be one of the largest collections of Norman Rockwell paintings. Oh, that's great. Yeah, love it. And then also the way that they organized the museum is super different. So usually it's all around jargon or time period. This is different. This is around family, school, like friendship, stuff like that, or specific artists. So because of that, it doesn't feel like heady as a museum. It feels like the kind of art that'll be both good and super mass market. That's cool. Almost like Star Wars itself.
David Perell · TBPN · Apple Unveils iPhone Duo, Muse AI Agent, Keith Rabois Joins | David Cahn, Mikey Shulman, David Perell, Jim Reilly, Fletcher Richman · 2026-09-09That decline is because the market perceives an overreliance on OpenAI. Imagine what the market would do to Oracle stock if OpenAI fails. The ramifications of an OpenAI failure extend far beyond just Oracle. Remember I said that AI CapEx accounts for 50% of US GDP growth. While the other hyperscalers are not quite as dependent on Anthropic and OpenAI as Oracle, they are dependent enough. If OpenAI failed, the hyperscalers, I am sure, would cut back on their CapEx. So I'm starting to think that the demise of OpenAI could push the US into an almost immediate recession. So what would happen to particular stocks and sectors? Well, first, the hyperscalers would go down. A failure of OpenAI would mean they would pull back on CapEx. Cloud revenue growth would slow. And these stocks— Amazon, Google, Microsoft, and Oracle— NVIDIA, I'm sure, as well— would all correct. Also, the whole tech sector would correct, but the ramifications valuations are even much broader than just that. Investment banks and large banks. These stocks are at peak valuations. Also, the investment banking cycle is super strong right now, partially because of the financing needs of AI. Should those needs lessen, the investment banking cycle would weaken and these stocks would correct from their peak valuations. Industrials. There is a subset of industrial companies that are major beneficiaries of AI. They are in the power space like GE Vernova and Quanta, or they are in the electrification or automation spaces like Eaton and Rockwell. These stocks will decline as well. So what will do well? This is not a stock picking question, but a reallocation question. Investors will reallocate to safety sectors and subsectors. In the safety sector category, think about healthcare and consumer staples. I'd also point out that within almost every sector there exists safety subsectors. For example, within financials, the property and casualty sector is considered the safety subsector. Since we are talking about capital reallocation and not stock picking, let me flag 3 safety ETFs. One, LVHD, the Franklin US Low Volatility High Dividend Index ETF. SPLV, the Invesco S&P 500 Low Volatility ETF. And finally, the KBWP, which is the Invesco KBW Property and Casualty Insurance ETF. It's still early, and I want to emphasize that I am not making a major call. Not yet. I'm just preparing.
Steve Eisman · The Real Eisman Playbook · Is OpenAI the Achilles’ Heel of the US Economy? | The Weekly Wrap · 2026-09-04