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

Business

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

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

Investors should think about taking a stake in energies, and decreasing their investments in more unpredictable tech stocks, he said.

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

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” We have a trade fight with China, its most likely going to get resolved, however it might go off the rails,” he stated. “And if it goes off the rails, it has really major effects for the world economy.”.

” Im not stating go out,” he said. “I believe that being out of the marketplace is quite unsafe today, and I think it would be a mistake to raise money.” However more trusted stocks can protect investors from huge losses if the climate changes.

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

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

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

Its time for financiers to begin making much safer bets.

” 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 functions incisive commentary from professionals.

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