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

Business

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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 couple of factors.

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

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Its time for financiers to begin making much safer bets.

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

” Im not stating get out,” he stated. More trustworthy stocks can safeguard financiers from big losses if the environment modifications.

Investors must think about taking a stake in utilities, and decreasing their financial investments in more unpredictable tech stocks, he said.

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

” 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 professionals.

” Im not saying go out,” he said. “I think that running out the market is quite hazardous today, and I think it would be an error to raise cash.” More reliable stocks can safeguard investors from huge losses if the climate modifications.

” We have a trade fight 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.”.

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