Lazard Asset Management CIO Eric Van Nostrand on CNBC

In a recent CNBC appearance, Lazard Asset Management CIO Eric Van Nostrand discussed why markets move not just on good or bad news, but on the gap between reality and expectations — a distinction he sees playing out across today's investment landscape, from long-term Treasury yields to concentration risk in emerging markets.

Eric also addressed why he has grown more constructive on European equities, pointing to recent pro-growth fiscal policies in countries like France and Germany as a key driver of that shift.

Watch the full clip to hear more on why Eric believes changing expectations can create new opportunities for investors.