Barron's | A Top Manager Sees a Stock Market Rally Nearing Its End
What should investors do to prepare for 2019? Curb their enthusiasm, for one. With threats ranging from increasing debt to tightening fiscal policy, McLennan believes investors should be "realistic" rather than "too optimistic" about the coming year.
That said, volatility can be an opportunity to buy solid stocks at reduced prices, he notes. McLennan looks for companies that have "resilience" across their business, from corporate culture to balance sheets. Read on for his picks.