Altimeter's Brad Gerstner: The economy is ready to cook

Market Outlook & Economic Factors - The speaker turned bullish in late April/early May due to clarity on global tariffs, anticipating a shift towards "fair trade" rather than a "nuclear" approach [2][3] - A potential deal with China is on the horizon, along with progress with Europe, suggesting a favorable outcome on tariffs [4] - The reconciliation bill, expected to pass in early July, will extend current tax regimes and add stimulus through tax breaks on tips, overtime, and social security [4] - Anticipated rate cuts in the latter half of the year could create a "trifecta" for the economy [5] Company Strategy & Performance - The firm is currently at the top 25% of its exposure limits, indicating a high level of confidence in the market [6] Technological Trends - The AI super cycle is driving an acceleration in both topline and earnings [6] - Oracle reported "blockbuster numbers," and 80% of the S&P companies that have reported have beaten expectations [6] - The "Mag 7" companies all beat expectations and accelerated [6]