Abby Joseph Cohen's Market Outlook

Abby Joseph Cohen, Goldman Sachs Global Markets Institute president, offered CNBC her onsights on the economy and the markets.

"One of the things that we can feel more comfortable about in recent weeks is that the markets are more normal than they were," Cohen said. "This applies not just to the equities market, but to the bond market."

The strategist pointed to positive signs including Wells Fargo's optimistic profit report, China's economic growth and a 6-month high for copper prices.

But Cohen cautioned against reckless enthusiasm: "Keep in mind that there's still bad news out there, especially with unemployment."

  • Part 2: Cohen and super-investor Wilbur Ross

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