Though stocks have been skyrocketing, Marks cautioned that we may be nearing completion of the bull cycle.
Marks likewise indicated the trade war with China as another reason for financiers to tread carefully.
” Im not saying go out,” he said. “I think that being out of the market is pretty unsafe today, and I believe it would be a mistake to raise money.” However more trustworthy stocks can safeguard financiers from big losses if the environment changes.
” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys organization reporters, the 15-minute program functions incisive commentary from experts.
Its time for investors to start making more secure bets.
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” Defense is more vital than offense” today, stated Marks, the author of “Mastering the marketplace Cycle: Getting the Odds on Your Side.”.
Financiers should consider taking a stake in utilities, and reducing their financial investments in more unpredictable tech stocks, he said.
Defense is the name of the game for a few factors.
CNNMoneys “Markets Now” streams live from the NYSE every Wednesday at 12:45 p.m. ET.
” We have a trade battle with China, its most likely going to get fixed, but it might go off the rails,” he said. “And if it goes off the rails, it has really major consequences for the world economy.”.
” Im not saying get out,” he said. More trustworthy stocks can secure investors from big 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.