By Northern Trust Wealth Management
4.7
2020 ratings
The podcast currently has 17 episodes available.
Join Katie Nixon, Chief Investment Officer for Wealth Management at Northern Trust, as she delves into the transformative world of artificial intelligence (AI) with Deb Koch, Northern Trust's Senior Equity Research Analyst. In this episode of Market Currents, they explore AI's burgeoning influence on the tech sector and its potential to reshape industries.
Katie and Deb discuss how AI is not only boosting productivity but also driving stock performance across tech and tech-adjacent companies. With insights on recent market trends, the role of key players like NVIDIA, and the implications of AI advancements, this episode provides a comprehensive overview of AI's market dynamics.
They also address the broader economic impact of AI, including its role in creating new market opportunities along with the challenges it poses. From regulatory scrutiny to the adoption rates among enterprises, Katie and Deb analyze the multifaceted landscape of AI integration and what it means for the future of technology.
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Katie Nixon, chief investment officer at Northern Trust Wealth Management, navigates the intricate web of labor market data, unpacking the divergent signals that have emerged since the beginning of 2024. Katie explores the relationship between unemployment and inflation, and the role they play in shaping economic trajectories.
Looking to the Monthly Nonfarm Payroll Report and the Job Openings and Turnover Survey, known as JOLTS, Katie highlights the complexities of interpreting these data sets and explains why taking a multidimensional approach is the best way to construct a nuanced understanding of this market’s dynamics.
Join Katie as she details why just one survey isn’t enough and why there are advantages to a data-driven approach to navigate the complexities of the labor market.
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Having liquidity to invest when markets are up may sound like a good problem to have — but that doesn’t make it any less worrisome to contemplate buying securities just to watch their value drop should there be a downturn. Investors in this situation are left to decide which investment strategy is best for their needs: hanging on to cash, piling it all into investments, or splitting the difference with dollar cost averaging.
To help make sense of the pros and cons of these strategies, Katie is joined once more by Pete Mladina, executive director of portfolio research for Northern Trust Wealth Management, to discuss how investors can craft effective strategies to help achieve their goals even in the face of inevitable volatility and market drawdowns.
They’ll discuss the importance of aligning decisions with lifetime objectives and highlight why investors may want to prioritize goal-relative risk over asset volatility. Plus, they’ll compare dollar cost averaging to lump sum investments and challenge misconceptions about cash as a risk-free asset.
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Taxes are a consideration for every investor, but they can be very complicated. It’s not always clear where they are assessed or how much they impact your portfolio. So, while some tax is necessary, your strategy may have you paying more than you have to.
To help us break down this complex subject, we reached out to Peter Mladina, executive director of portfolio research for Northern Trust Wealth Management. Together, we’ll discuss how taxes compare to fees, how to assess your tax burden, and when it’s prudent to incur taxes. Pete lays out which investment strategies are tax-efficient—and which ones aren’t. Plus, we’ll explore why taking on additional tax can sometimes be beneficial.
With careful planning, you can minimize the impact that taxes have on your portfolio, and maximize the benefits they receive from those taxes. So join us, as we ensure that your investments are serving your goals!
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The topic of inflation is hard to miss — in the news, in your purchases and in your investments. And while its effects might be the most noticeable at the store or the gas pump, the biggest impact can be in your portfolio where it is constantly eroding the purchasing power of your returns. Fortunately, you can prepare for inflation — whether it is high or low — with proven tactics for mitigating the bite it can take out of your investments.
To help us understand the history of inflation and its impact on portfolios, we talk with Pete Mladina, executive director of portfolio research for Northern Trust Wealth Management. In this episode, Pete shares advisory insights on the tools and methods investors can incorporate to safeguard their portfolios effectively. He highlights the importance of diversifying portfolios to balance assets and mitigate risks stemming from inflation. Pete, who also teaches financial economics at UCLA, will guide us through key considerations for selecting inflation-resistant assets and the strategies to adapt their portfolios in response to changing inflationary conditions.
Join us as we learn how to skillfully manage the market volatility and economic uncertainties caused by inflation.
Highlights:
· How to be inflation-sensitive when investing (2:21)
· Valuable tools for managing and mitigating inflation (6:55)
· How to diversify a portfolio with risk control assets (10:56)
· How to combine the power of natural resource equities and commodities (16:11)
· Understanding the outlook of inflation (18:10)
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Virtual reality isn’t science fiction anymore. The biggest companies on the planet have invested heavily in digital worlds, also known as “the metaverse.” And it’s not just the tech and entertainment industries–the metaverse has applications across the economy. Knowing what the metaverse is and how to implement it can drive significant value today and put you ahead of the curve tomorrow; but only if you use it right.
To help you navigate this emerging technology, we spoke with Julie Sweet, Chair and CEO of Accenture, the world’s biggest professional services company. Under her leadership, Accenture has been at the forefront of metaverse research, advisement, and adoption. In this episode, Julie shares the three distinct categories of metaverse application, and how companies are implementing the technology today. Together, we explore the power and potential of the enterprise metaverse, and what still needs to be solved before it goes mainstream. Plus, how investors can evaluate these digital worlds.
Join us as we merge the digital and physical worlds and prepare for the not-so-distant future.
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Wages are rising and unemployment hit a 50-year low. But while that’s good for job seekers, it’s potentially challenging for policymakers fighting inflation. At the heart of this dynamic is a tight labor market–one where the demand for workers is greater than the supply of jobs. In this episode, we ask: where did the workers go?
To answer that, we talked to John Challenger, CEO of Challenger, Gray and Christmas, the nation’s first executive outplacement firm. John’s firm helps companies support workers transitioning careers or finding new jobs, giving him a unique and broad view of the labor market. And the story is more complicated than just more jobs and fewer workers. In recent months, John has seen differing trends develop across industries like tech, manufacturing, and distribution while changes to remote work and hybrid productivity have added new nuances for workers and employers alike. Together, we unpack who has left the labor force, why, and what industries were hit hardest. Plus, what to make of recent layoffs at some of the nation’s biggest companies.
Join us as we explore what this means for companies, the marketplace, and you.
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Katie Nixon, chief investment officer at Northern Trust Wealth Management, breaks down 2023’s first University of Michigan Consumer Sentiment Survey. The survey — which tracks how respondents feel about the economy — offers a valuable window into consumer behavior, making it key for policymakers and investors.
While January’s survey reflected plenty of optimism, with inflation expectations receding for the fourth month in a row, it wasn’t all good news. Two-thirds of consumers expected an economic downturn in the next year. How will that affect future inflation? And what does it mean for the trajectory of Federal Reserve policy?
Join Katie as she interprets the survey’s findings, from concern about a wage-price spiral to the Fed’s silver lining — and why it should matter to you.
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This year has offered little shelter to investors trying to avoid downdrafts across all asset classes. Inflation has been stickier and more unpredictable than expected. The Federal Reserve and global central banks have been more hawkish as they struggle to manage inflation without creating economic harm. Global interest rates have been extremely volatile with consequences for stock valuations as equity prices and corporate earnings are cast into doubt.
Everyone from investors to wage-earners has joined central bank policymakers in closely watching data releases to see which parts of the economy have begun responding to interest rates rising at the fastest clip in 40 years. Northern Trust hosted a webinar with clients on Sept. 28 where Katie Nixon, Chief Investment Officer for Wealth Management discussed clients’ most pressing questions with Carl Tannenbaum, Northern Trust’s Chief Economist, Chris Shipley, chief investment strategist for North America and Tim Johnson, head of portfolio solutions for global fixed income. This podcast is an excerpt from their conversation.
The group discusses:
Carl Tannenbaum is the Chief Economist for Northern Trust. He briefs clients and colleagues on the economy and business conditions, prepares the bank’s official economic outlook and participates in forecast surveys. Before joining Northern Trust, Carl spent four years leading the Federal Reserve’s risk section. He was deeply involved in the central bank’s response to the 2008 financial crisis, helped to create and conduct its stress testing program, and advised senior Federal Reserve leaders on developments in banking and the financial markets.
Christopher Shipley is head of fundamental equities at Northern Trust Asset Management, where he oversees the firm’s fundamental equity research and portfolio management efforts. Chris is a voting member of the firm’s Tactical Asset Allocation Committee and Investment Policy Committee. He is also co-portfolio manager of the Northern Global Tactical Asset Allocation Fund.
Tim Johnson is the Head of Portfolio Solutions and member of the global fixed income team at Northern Trust Asset Management. In this capacity, Timothy heads three key groups within global fixed income: our passive/index business, portfolio construction, and quantitative research. In addition, Timothy is also a member of the Fixed Income Strategy Committee, a group that formulates the fixed income platform’s strategic macroeconomic and investment themes that in turn informs overall strategy, risk budgeting and portfolio construction across all fixed income portfolios.
The first quarter of 2022 saw negative returns across the U.S. bond market as persistently rising inflation surprised central bankers and bond investors alike. Dramatically rising interest rates have focused bondholders’ attention on fixed-income investments – even provoking some to abandon the asset class entirely.
In this episode of Market Currents, Northern Trust’s Katie Nixon welcomes Peter Mladina, director of portfolio research for Wealth Management, to explore the purpose of fixed-income securities in volatile and uncertain conditions, which seem likely to shape the investing landscape for the foreseeable future.
Mladina discusses:
Peter Mladina is responsible for applying research, tools and methods that support asset allocation, portfolio construction, investment selection and best practices in portfolio management to the wealth management investment process.
Peter is an Adjunct Professor of Economics at UCLA, where he teaches applied finance for the Master of Applied Economics program. His research on asset allocation and portfolio construction has been published in peer-reviewed journals and he is a co-author of the CFA Institute’s revised Level III asset allocation curriculum. He received a Bachelor of Arts degree in Economics from UCLA and Master of Business Administration degree from Edinburgh Business School.
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