Wages are Still Sticky
Wage growth remains well above pre-COVID averages
Read AnalysisThe Allocator’s Strategist. Uncompromised.
Institutional-grade macro and alternatives research.
Embedded inside the investment committees that act on it.
Independent research for allocators and advisors. Senior macro advisory for a select group of institutions.
Joe Zidle, Founder & CIO
For eight years, I was the Chief Investment Strategist of Private Wealth Solutions at Blackstone, the world’s largest alternatives manager. I advised on macro, allocation, and alternatives strategy across private equity, private credit, real assets, and hedge funds.
Now I work for one constituency: the allocators and advisors who read this research. No institutional framework to operate within. No firm’s capital deployment cycle to consider. Just the analysis, and what I actually believe it means for your portfolio.
A select group of alternative asset managers have asked me to bring that perspective directly into their investment process. I serve as a senior macro advisor to their investment committees.
The uncompromised view.
Latest Research
View All →Rewriting the story
Jobs that never were... the weak January print (!)... and a Fed that's stuck.
Read AnalysisFrenemies: Money Supply & Inflation
Milton Friedman said "Inflation is and always will be a monetary policy phenomenon". With December's CPI coming tomorrow, those words are on my mind.
Read AnalysisLabor: Cooling not collapsing
Q4 2025 compensation growth decelerated YoY. The Fed gets the gradual wage moderation it wants, but services inflation will remain sticky.
Read AnalysisIts inflation, stupid
CPI was released but as usual, the first report of the year was faded by investors because of everyone's newest obsession: residual seasonality. Scratching your head on that one? Well, click here.
Read AnalysisWhy Zidle Macro
Institutional-grade macro strategy. Independent voice.
For nearly three decades, Joe Zidle has shaped investment strategy at the world's largest financial institutions. Most recently, he spent eight years as Chief Investment Strategist at Blackstone Private Wealth Solutions, leading thematic research, asset allocation strategy, and macro framework development.
Before that, he was Head of Investment Strategy at Bank of America Merrill Lynch's Global Wealth Management division and a portfolio strategist at Richard Bernstein Advisors, roles that built the alternatives and macro expertise now defining ZidleMSG.
- Former Chief Investment Strategist & Partner, Blackstone Private Wealth Solutions
- Former Head of Investment Strategy, Bank of America Merrill Lynch
- Portfolio Strategist, Richard Bernstein Advisors
- Frequent guest on CNBC, Bloomberg TV, and major financial media
- U.S. Army Reserves, Military Intelligence Specialist (1993–2001)
- B.A. Economics & History, Emory University
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