Jim McDonald Reviews Northern Trust’s Mid-Year Positions

Jim McDonald, Chief Investment Strategist, Northern Trust met with Julie Cooling, Founder & CEO, RIA Channel to discuss his mid-year market outlook. “2018 was the year of de-risking,” says McDonald on the massive Q4 selloff. Early into 2019, Northern Trust added back much of their exposure to U.S. equities, global real estate and emerging market equities. “We think the Fed has finally gotten the message that it needs to be on the sideline for a while,” McDonald says on the firm’s overweight risk position. Citing the superior fundamentals and growth earnings potential, McDonald still favors the U.S. over international markets, especially within the communication services and health care sectors. On the international side, McDonald believes that China’s increasing growth may be the rising tide that lifts all the EM boats. For more insights and research from Northern Trust, head here.