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

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

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

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” Im not saying go out,” he said. “I believe that running out the market is pretty hazardous today, and I believe it would be a mistake to raise money.” But more dependable stocks can safeguard financiers from big losses if the climate modifications.

” Im not stating get out,” he said. More dependable stocks can protect investors from huge losses if the climate changes.

Investors ought to consider taking a stake in utilities, and reducing their financial investments in more volatile tech stocks, he stated.

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

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

Marks also indicated the trade war with China as another factor for investors to tread thoroughly.

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” We have a trade battle with China, its most likely going to get solved, however it may go off the rails,” he said. “And if it goes off the rails, it has really major repercussions for the world economy.”.

Its time for investors to begin making safer bets.

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

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

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