GDP print is positive, especially if you look at growth and consumption, strategist says

Markets (^DJI, ^IXIC, ^GSPC) are moving lower on Thursday, reacting to a weaker-than-expected GDP print for the first quarter. Deutsche Bank Chief US Equity and Global Strategist Binky Chadha joins The Morning Brief to discuss his market and inflation outlooks as stocks come under pressure this session.
Chadha argues that "there's very little to take away" from the GDP print, suggesting that it should be analyzed "in components." He highlights that the largest component, the Personal Consumption Expenditures (PCE) Index, grew in line with its ten-year trend, indicating that GDP has "few implications for markets going forward." Chadha notes that the disappointing print stemmed from "the two largest, noisiest components of GDP": inventories and trade bonds, which, upon closer inspection, "look absolutely fine."
Addressing inflation concerns, Chadha states: "Yes, of course, it matters for inflation, but the growth we've had has not mattered for inflation." He adds, "If you measure inflation relative to growth... we've been steady for about two years."
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[@user-ti8uk4by6i]

I think he is too optimistic. Lagging growth in an inflationary market is not a good sign. He had some bad takes.

[@RM-nm3xn]

Damn he's hard to listen to!

[@ttcc5273]

MAGA's "Dear Leader" wannabe dictator is falling apart right before our eyes... 😂

[@marcosalvarez9902]

rent free in your head