” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys company reporters, the 15-minute program features incisive commentary from professionals.
Investors need to think about taking a stake in utilities, and decreasing their investments in more unstable tech stocks, he said.
” We have a trade fight with China, its probably going to get solved, however it may go off the rails,” he stated. “And if it goes off the rails, it has really serious repercussions for the world economy.”.
” Im not saying get out,” he stated. More trusted stocks can secure financiers from huge losses if the climate changes.
” Defense is more crucial than offense” right now, stated Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.
You can see “Markets Now” at CNNMoney.com/ MarketsNow from your desk or on your phone or tablet. If you cant capture the show live, check out highlights online and through the marketplaces Now newsletter, delivered to your inbox every afternoon.
” Im not saying go out,” he said. “I think that running out the market is pretty harmful today, and I think it would be an error to raise money.” But more trusted stocks can protect investors from big losses if the environment changes.
Marks also indicated the trade war with China as another reason for financiers to tread thoroughly.
Its time for financiers to begin making much safer bets.
CNNMoneys “Markets Now” streams live from the NYSE every Wednesday at 12:45 p.m. ET.
Though stocks have been skyrocketing, Marks cautioned that we may be nearing the end 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.
Defense is the name of the game for a couple of reasons.