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

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

Though stocks have been skyrocketing, Marks cautioned that we might be nearing completion of the bull cycle.

Its time for investors to begin making much safer bets.

Defense is the name of the game for a couple of factors.

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CNN.

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

” Im not saying get out,” he stated. More dependable stocks can secure financiers from huge losses if the climate modifications.

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

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

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

” Im not stating get out,” he said. “I believe that running out the market is pretty unsafe today, and I think it would be a mistake to raise money.” More reputable stocks can secure financiers from huge losses if the climate modifications.

Marks likewise pointed to the trade war with China as another factor for investors to tread thoroughly.

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