Stocks are 'starting to come back,' portfolio manager says

• March inflation was primarily driven by energy, but core inflation (excluding food and energy) stood at a manageable 2.6%.
• Oil price spikes due to geopolitical events are seen as temporary, with the market expecting normalization and eventual rate cuts.
• The US economy is strong, with expectations of 4-5% GDP growth, consistent job creation, and record corporate profit margins, partly attributed to AI.

The discussion highlights that while energy costs are driving overall inflation, core inflation remains manageable. Despite geopolitical tensions causing initial oil price spikes, the market anticipates normalization. The US economy is viewed as robust, with strong GDP growth, job creation, and record corporate earnings, providing a positive backdrop for investors.