” We have a trade battle with China, its probably going to get solved, but it might go off the rails,” he said. “And if it goes off the rails, it has extremely major effects for the world economy.”.
” Im not saying get out,” he stated. “I believe that running out the market is pretty dangerous today, and I believe it would be an error to raise money.” More trustworthy stocks can protect financiers from big losses if the environment changes.
Its time for investors to begin making safer bets.
Financiers must consider taking a stake in utilities, and decreasing their investments in more volatile tech stocks, he said.
” Defense is more essential than offense” today, said Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.
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” Im not stating get out,” he stated. More dependable stocks can protect financiers from big losses if the environment modifications.
” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys organization correspondents, the 15-minute program features incisive commentary from specialists.
Thats what Howard Marks, co-chairman of Oaktree Capital, informed CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.
Defense is the name of the game for a few factors.
Though stocks have actually been skyrocketing, Marks alerted that we may be nearing completion of the bull cycle.
Marks likewise indicated the trade war with China as another factor for financiers to tread carefully.