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Investment Strategy Commentary


Gain insight into the rapidly changing financial landscape


Mood Swings - November 2014

After remaining relatively quiet for the past two years, we saw an outburst of market volatility in October. What factors are now driving volatility -- and what can they tell us about future returns?

China and The Commodity Complex – October 2014

The challenges facing China’s shift to a consumer driven economy are becoming evident and further stimulus could be on the horizon.

What to Expect When You're Expecting ... A Rate Hike - August 26, 2014

How will the eventual rise in interest rates affect financial market assets? Jim McDonald looks to current fundamentals and historical precedent.

Five-Year Outlook: 2014 Edition

Northern Trust's top investment professionals outline their "forward looking, historically aware" forecasts for economic activity and financial market returns.

Will Wage Gains End The Party? - May 2014

Wages are on the rise for a broad swath of American workers; but is that good for stock markets? Answer: As long as they are earning their wage increases. Find out more in Jim McDonald's latest strategy piece.

Volatility Happens - March 2014

After being on cruise control for most of 2013, risk assets hit turbulence in the first part of 2014. Volatility is a fact of risk markets, but what can investors do about it? Northern Trust’s Chief Investment Strategist, Jim McDonald, encourages investors to focus less on volatility protection and instead focus on understanding their volatility sensitivity in his latest report, Volatility Happens.

Gut Check - February 2014

Through the first month of 2014, markets have shown heightened volatility and negative returns. Is this just a healthy correction or something more? Jim McDonald, Chief Investment Strategist, provides Northern Trust's thoughts in Gut Check.

Less of a Drag - December 2013

Those investors who took on risk in 2013 were rewarded - especially in developed markets. But, with valuations slightly above longer-term medians, fundamentals will need to play a bigger role in 2014. Northern Trust believes they will, especially as governments' impact on growth becomes Less of a Drag.

A Lot of Bull - November 2013

Northern Trust’s Chief Investment Strategist, Jim McDonald, compares the current bull market to historical precedents in his latest market commentary.

Sensitivity Training - October 2013

Investors are increasingly focused on the outlook for interest rates. While Northern Trust believes the odds of a spike in interest rates is low, our Chief Investment Strategist, Jim McDonald, still believes it is prudent to undergo a little (interest rate) sensitivity training.

Commodities: Reverting to Neutral Strategic Stance as Tactical Thesis Plays Out - September 2013

With risk versus reward becoming less compelling for commodities, Northern Trust's basic materials and industrials analyst, Edward Trafford, CFA, explains why caution is in order for the sector’s long-term prospects.

Heading Overseas - September 2013

Home-biases in equity investing continue to exist - but do they make sense? Where are the opportunities right now? And are investors defining the global opportunity set correctly? Northern Trust's Chief Investment Strategist, Jim McDonald, outlines the pressing issues surrounding a global approach to equity investing in his latest market commentary, Heading Overseas.

Changing Dynamics in Emerging Markets

Our Equity Index experts consider new approaches to gaining emerging markets exposure, from small cap to frontier markets.

Ctrl-Alt-Delete -- Rebooting the eurozone economy

November 24, 2014 - Wayne Bowers
Is it time to rebalance cost cutting versus income generation? Our international Chief Investment Officer shares his insights. Watch.

Market and Economic Commentaries

Access our latest Market and Economic Commentaries
Point of View
Investment insights, trend analysis and timely commentary from our investment experts.