Ladner: Investor sentiment has improved on optimism over clarity on trade deals soon

Market Trends & Investment Opportunities - The news of Nvidia being able to sell H20 chips in China suggests there is more room to run on the AI trade, particularly in the semiconductor sector [1][2] - The market may see a resurgence in the infrastructure part of the AI theme [2] - Investors are rotating sectors, with industrials benefiting from tech and AI optimism [7][8] - There's a potential shift towards AI delivery infrastructure plays, including power generation and delivery, positioning AI as a central economic theme for the next 25 years [9][10] Investor Sentiment & Economic Factors - Investor sentiment is rising quickly, especially among professional investors, from a low starting point two months ago [3][4] - The normalization of investor sentiment is a reaction to the resolution of issues that were previously holding investors back, such as trade deals [6][7] - The market is anticipating trade deals, with Trump's openness to chip sales to China signaling a desire for deals [5][6] Disagreement with Bearish Outlook - The speaker disagrees with Morgan Stanley Wealth's bearish outlook, particularly regarding the dollar's weakness and margin story [13] - The speaker believes the margin story is driven by productivity gains from the tech boom [14] - The speaker anticipates positive earnings season results, driven by consumer and business activity following the passage of the "big beautiful bill" and reduced terror guidelines [15][16]