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

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Marks also pointed to the trade war with China as another factor for investors to tread carefully.

” Im not stating get out,” he said. “I think that running out the market is quite hazardous today, and I believe it would be a mistake to raise cash.” However more dependable stocks can protect financiers from huge losses if the environment modifications.

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

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

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

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

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

Its time for investors to begin making more secure bets.

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

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

” Im not stating get out,” he stated. More trusted stocks can protect investors from big losses if the climate changes.

(CNNMoney)–.

Investors need to think about taking a stake in utilities, and decreasing their investments in more unstable tech stocks, he stated.

You can view “Markets Now” at CNNMoney.com/ MarketsNow from your desk or on your phone or tablet. If you cant catch the show live, take a look at highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

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