JPM Economist Says Consumer Fundamentals Setting Up Well for 2Q

The video discusses the economic indicators for March, highlighting improvements in retail and auto sales, and a 50-year low in jobless claims. It examines the impact of the government shutdown on retail sales and the consumer discretionary sector's performance. The video concludes with an optimistic outlook for the US economy, driven by strong consumer fundamentals and a positive labor market.

What indicators suggest that the consumer economy is improving as we head into the second quarter?

How did the jobless claims data reflect on the consumer fundamentals?

Discuss the impact of the government shutdown on retail sales and consumer spending.

What are the leading indicators that suggest a positive risk-reward scenario for the consumer discretionary sector?

What was the expected GDP growth for the first quarter, and what factors contributed to this expectation?