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

Screengrab/YouTube Northern Trust Wealth Management recently downgraded its forecasts for the US economy. The investor doesn't expect a recession but says the benefits of tax reform will likely be front-end loaded and may benefit capital markets more than economic growth. "We downgraded our growth forecast for the US, developed ex-US, and emerging markets because we think expectations have perhaps gotten a little bit ahead of reality," Katie Nixon, the chief investment officer at Northern Trust ...