The Financial Post reports in its Wednesday edition that Jason Mann, chief investment officer at EdgeHill Partners, thinks it is too early to call an end to the reflation trade sparked by Donald Trump's election as President. The Post's Jonathan Ratner, writing in Buy & Sell, says that Mr. Mann continues to see earnings growth and rising interest rates, and is favouring cyclical stocks over defensives as a result. "We think it's a pause, not an end," he said, emphasizing his focus on quality value stocks. "Last year, it was all about buying stocks that didn't go broke, as really cheap price-to-book and overlevered companies did the best. This year, we think you want to focus on higher-quality, cheap price-to-free cash flow, reasonable balance sheet and high-return-on-equity companies." The portfolio manager is staying away from growth stocks, despite investors' persistent love for expensive ones such as Tesla. One of the more cyclical parts of the market that has shown some recent strength is the Canadian forestry and lumber sector. Many of the sector's names are in pretty good shape with Mr. Mann pointing to both West Fraser Timber and Canfor as showing resliency despite the recent U.S. tariffs.