How to buy quality as the economy slows

With an earnings downgrade cycle on the cards, it's critical to own stocks with more stable earnings. This is the view of Alastair MacLeod from Wheelhouse Partners says stable earnings aren't required when the market is rallying, but quality is necessary in the current market conditions. 

He says quality has a history of outperforming the markets during economic slowdowns, and says ETFs give good broad exposure. 

Alastair also says banks are a good consideration, and rates Invocare (IVC) as a quality option on the ASX.