Marks also indicated the trade war with China as another factor for financiers to tread carefully.
Thats what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.
Financiers need to consider taking a stake in energies, and decreasing their investments in more unpredictable tech stocks, he said.
” Im not stating go out,” he stated. “I believe that being out of the marketplace is quite unsafe today, and I believe it would be an error to raise money.” However more trustworthy stocks can secure financiers from huge losses if the environment modifications.
Defense is the name of the video game for a couple of reasons.
You can see “Markets Now” at CNNMoney.com/ MarketsNow from your desk or on your phone or tablet. If you cant capture the show live, check out highlights online and through the marketplaces Now newsletter, delivered to your inbox every afternoon.
” Defense is more vital than offense” today, stated Marks, the author of “Mastering the marketplace Cycle: Getting the Odds on Your Side.”.
” We have a trade fight with China, its most likely going to get resolved, however it might go off the rails,” he said. “And if it goes off the rails, it has extremely major consequences for the world economy.”.
” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys company correspondents, the 15-minute program functions incisive commentary from specialists.
CNNMoneys “Markets Now” streams live from the NYSE every Wednesday at 12:45 p.m. ET.
” Im not stating get out,” he said. More trusted stocks can safeguard financiers from huge losses if the climate changes.
Stocks have actually been skyrocketing, Marks alerted that we might be nearing the end of the bull cycle.
Its time for investors to begin making safer bets.