Brad Gerstner
👤 SpeakerAppearances Over Time
Podcast Appearances
80-90, you know, just outsource it.
Saks, you could outsource it for your 370 domestic staff.
They can all come and give you the... All right, listen.
We got to talk about markets.
We got Brad here, our fifth bestie.
Stock market pulling back, as Chamath just said.
We're going to be risk off.
And we have been getting a lot of data, a lot of hand-wringing going on, Brad.
GDP growth, hey, maybe that's mostly due to AI.
The unemployment rate's ticking up.
Inflation's ticking up.
Lots of concerning signs.
Help us make sense of this, Brad.
I think Chamath teed this up perfectly, which is, let's rewind the clock a little bit to April of this year.
I think on an intraday basis, the NASDAQ was down 20%.
year to date in April, we're now up 20%.
So 40% move higher in a few months.
Same with the S&P.
I think it was down over 10%.
Now it's up 14% on the year.