Northern Trust's McDonald on Markets & Longer-Term Strategy

The video discusses the past and future outlook of global equity returns, highlighting a shift from high returns to more moderate ones due to demographic growth and potential tax increases. It addresses the challenges in China's market, including regulatory risks and underperformance. The video outlines strategic market positioning, emphasizing developed markets and a cautious approach to emerging markets. It also identifies a trend towards tech independence, with US tech companies expected to gain market share.

What is the stance on emerging markets as described in the text?

What long-term trend related to technology is identified in the text?