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

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” Im not stating get out,” he stated. More reputable stocks can protect financiers from huge losses if the environment modifications.

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

” We have a trade battle with China, its most likely going to get fixed, but it might go off the rails,” he stated. “And if it goes off the rails, it has extremely serious 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 business reporters, the 15-minute program features incisive commentary from professionals.

Defense is the name of the game for a few reasons.

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Though stocks have actually been soaring, Marks warned that we might be nearing completion of the bull cycle.

” Defense is more crucial than offense” today, said Marks, the author of “Mastering the marketplace Cycle: Getting the Odds on Your Side.”.

Marks also pointed to the trade war with China as another reason for investors to tread thoroughly.

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Its time for investors to start making more secure bets.

Investors ought to think about taking a stake in utilities, and decreasing their investments in more unstable tech stocks, he stated.

You can see “Markets Now” at CNNMoney.com/ MarketsNow from your desk or on your phone or tablet. If you cant catch the show live, have a look at highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

” Im not stating go out,” he said. “I believe that running out the marketplace is quite harmful today, and I think it would be a mistake to raise cash.” But more trusted stocks can secure investors from big losses if the environment modifications.

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

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