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

Business

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

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Financiers must think about taking a stake in energies, and reducing their financial investments in more volatile tech stocks, he stated.

” We have a trade fight with China, its probably going to get fixed, however it might go off the rails,” he said. “And if it goes off the rails, it has really major consequences for the world economy.”.

Marks likewise indicated the trade war with China as another reason for financiers to tread carefully.

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

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

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

Its time for investors to start making more secure bets.

” Im not stating go out,” he said. “I believe that running out the market is pretty unsafe today, and I believe it would be a mistake to raise money.” However more dependable stocks can secure investors from big losses if the environment modifications.

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

” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys service correspondents, the 15-minute program features incisive commentary from experts.

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

PHOTO: CNN.

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