By Brenda Bouw
Publication Date: 2026-02-06 09:45:00
John Zechner, chairman and lead equity manager at Toronto-based J. Zechner Associates Inc. Illustration by Joel KimmelThe globe and the mail
John Zechner is surprised by the continued rise in markets and maintains a cautious stance in his portfolios.
“We’re still at the party, but close to the door,” said Mr. Zechner, chairman and senior equity manager at Toronto-based J. Zechner Associates Inc., who manages about $100 million of his firm’s $1.3 billion in assets.
Mr. Zechner has recently taken profits in sectors that have seen big market rallies, such as technology and healthcare in the U.S., and is looking for value stocks in sectors that have lagged, such as Canada’s energy, telecommunications and rail sectors.
Still, he’s hesitant to take on too much risk in the current environment, given volatile markets in recent months and the impact of tariffs, which haven’t hit the economy as hard as expected – at least not yet.
“Given…
