During Russia's war on Ukraine, the U.S. is the ideal safe haven for your money, according to Blackstone's Joe Zidle.

The U.S. is considered the ultimate safe haven play by the world's top private equity firm.

Joseph Zidle, as per Blackstone, states that it is mostly unaffected by the aftermath of the Russia-Ukraine conflict.

The U.S. is an island of growth due to its $6 trillion stimulus cushion, according to the firm's chief investment strategist on CNBC's "Fast Money" on Thursday.

Zidle notes the vast benefits are in household and corporate balance sheets.

According to Zidle, the U.S. has a significant advantage for growth due to the challenges faced by other countries.

In the final hour of trading, the stock market experienced a significant reversal, with the Dow, S&P 500, and tech-heavy stocks all ending in positive territory.

The rising input prices linked to commodities pose a risk for coordinated central bank hikes, but the strong labor market gives the U.S. a significant advantage, according to Zidle.

The reason why Zidle is a long-term bull on housing is that the industry tracker, which monitors the market, has fallen 21% so far this year.

He pointed out that personal income has risen more than the rise in mortgage rates. It is crucial to take into account the robust labor market and increasing wages. Historically, housing is more closely linked to labor than it is to mortgage rates.

Zidle also expects job security and rising home values to favor stocks.

Zidle stated that although consumers are currently facing numerous problems due to rising input prices and competing demands on their wallets, a robust labor market may help mitigate these issues.