Markets and the Economy

Put recent portfolio performance in context with market themes, our outlook and your goals.

The Weekly Five

Tech Performance: Durable or Bubble?

Technology has continued its remarkable run across both public and private markets, renewing questions about valuations, capital discipline, and whether AI‑driven enthusiasm is getting ahead of fundamentals. In this Weekly Five, we take a closer look at tech sector performance, late‑stage earnings trends, emerging signs of consumer strain, labor‑market signals shaping Federal Reserve expectations, and how markets are navigating the evolving Iran backdrop.

Given the strong performance of technology across both public and private equity markets, are we now approaching “bubble” territory?
With the domestic earnings season in its final stanza, has the initial strength continued?
You mentioned during a recent client call that “spotting rate of change” is always important in macro investing: What are you watching most closely now?
What are the key implications from the U.S. jobs report, especially for potential Fed policy and interest rates?
How are markets interpreting next steps with Iran?

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Newsroom

Commentary from Northern Trust Institute experts in leading media outlets.

Fortune

Here’s the Advice I’m Giving Wealthy Clients Through Tariff Fears and Market Uncertainty

Katie Nixon shares advice for navigating volatility following changes in U.S. trade policy.

The Journal of Wealth Management

An ICAPM for Goals-Based Investing

Peter Mladina and Charles Grant share research on the intertemporal CAPM asset allocation framework for goals-based investing.

The Journal of Portfolio Management

An ICAPM Framework for Asset Allocation

Peter Mladina shares research documenting the implementation of intertemporal CAPM portfolio theory to practice.

Barron’s Future Returns

Invest for Goals, Not Returns

Katie Nixon discusses Northern Trust’s goals-driven investment strategy.

Portfolio Research by Peter Mladina

Explore research that examines best practices for asset allocation, portfolio construction and investment selection.

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