'The markets are really pricing in Goldilocks: they're pricing in more Fed cuts and some sort of positive resolution to trade,' says Joseph Zidle, Blackstone's chief investment strategist.
U.S. stocks climbed higher this week, with investor sentiment partly lifted by increased hopes for a U.S.-China trade war resolution.
But Joseph Zidle, chief investment strategist at Blackstone, warned that risks from the trade war could be "bigger than most people think." "The markets are really pricing in Goldilocks: they're pricing in more Fed cuts and some sort of positive resolution to trade. I just think that, at this point, sentiment is excessive," said Zidle.this week due in part to increased hopes for a U.S.-China trade war resolution — but Blackstone's Joseph Zidle warned that investors might be too optimistic.likely drag on much longer
than what investors are currently expecting. That means the impact on the economy and financial markets could be "bigger than most people think," he said on Friday. "The markets are really pricing in Goldilocks: they're pricing in more Fed cuts and some sort of positive resolution to trade. I just think that, at this point, sentiment is excessive," Zidle told CNBC's
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