An investment chief at a trillion-dollar firm has a wake-up call for anyone who’s bullish

Katie Nixon, the chief investment officer at Northern Trust Wealth Management.Screengrab/YouTube


The Trump bump for the US economy may soon flatten.

Like many other investors, Northern Trust Wealth Management— which has $287 billion in assets under management — had taken the view that tax cuts and other policies would inject more fuel into the US economy. The firm oversees $1.2 trillion overall.

But at a meeting last week the firm downgraded its views, saying that a year from now the economy may not live up to the lofty expectations. In that sense, it’s a wake-up call for investors with rosier outlooks than theirs.

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