Why it’s time for investors to go on the defense

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Marks also pointed to the trade war with China as another factor for financiers to tread carefully.

” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys company reporters, the 15-minute program functions incisive commentary from experts.

Investors should consider taking a stake in utilities, and reducing their investments in more unstable tech stocks, he said.

” We have a trade fight with China, its most likely going to get resolved, however it may go off the rails,” he said. “And if it goes off the rails, it has very severe repercussions for the world economy.”.

” Defense is more vital than offense” right now, stated Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.

Stocks have been soaring, Marks warned that we might be nearing the end of the bull cycle.

” Im not stating go out,” he said. “I think that being out of the marketplace is quite hazardous today, and I believe it would be an error to raise cash.” However more reliable stocks can safeguard investors from big losses if the environment changes.

CNNMoneys “Markets Now” streams live from the NYSE every Wednesday at 12:45 p.m. ET.

Defense is the name of the video game for a couple of reasons.

” Im not saying get out,” he said. More dependable stocks can safeguard investors from huge losses if the climate changes.

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Its time for financiers to start making safer bets.

(CNNMoney)–.

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Thats what Howard Marks, co-chairman of Oaktree Capital, informed CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.

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