Investors ought to consider taking a stake in energies, and reducing their investments in more unstable tech stocks, he stated.
” Defense is more crucial than offense” today, said Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.
” We have a trade battle with China, its probably going to get fixed, however it may go off the rails,” he stated. “And if it goes off the rails, it has extremely severe consequences for the world economy.”.
Marks also pointed to the trade war with China as another reason for investors to tread carefully.
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Its time for financiers to begin making much safer bets.
” Im not saying go out,” he said. “I think that running out the market is quite harmful today, and I believe it would be an error to raise cash.” More dependable stocks can safeguard investors from big losses if the environment changes.
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” Im not saying get out,” he stated. More reliable stocks can secure investors from huge losses if the environment modifications.
Thats what Howard Marks, co-chairman of Oaktree Capital, informed CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.
Though stocks have actually been skyrocketing, Marks alerted that we may be nearing the end of the bull cycle.
Defense is the name of the video game for a couple of reasons.