” We have a trade battle with China, its most likely going to get solved, but it may go off the rails,” he stated. “And if it goes off the rails, it has very major repercussions for the world economy.”.
Financiers should think about taking a stake in energies, and decreasing their investments in more unpredictable tech stocks, he stated.
Defense is the name of the video game for a couple of reasons.
Its time for investors to begin making safer bets.
” Defense is more crucial than offense” right now, stated Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.
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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.
Marks likewise indicated the trade war with China as another reason for investors to tread carefully.
” Im not saying get out,” he said. More reliable stocks can secure investors from huge losses if the climate modifications.
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Stocks have been skyrocketing, Marks alerted that we may be nearing the end of the bull cycle.
” Im not stating get out,” he stated. “I believe that being out of the market is quite unsafe today, and I think it would be a mistake to raise cash.” But more trusted stocks can protect investors from big losses if the climate changes.