Defense is the name of the video game for a few reasons.
CNNMoneys “Markets Now” streams live from the NYSE every Wednesday at 12:45 p.m. ET.
Investors must think about taking a stake in utilities, and decreasing their financial investments in more unstable tech stocks, he said.
” Im not stating get out,” he stated. More reliable stocks can secure investors from big losses if the environment changes.
” Im not stating go out,” he stated. “I think that running out the marketplace is pretty unsafe today, and I believe it would be an error to raise cash.” However more dependable stocks can safeguard financiers from huge losses if the climate modifications.
Marks also pointed to the trade war with China as another factor for financiers to tread thoroughly.
You can view “Markets Now” at CNNMoney.com/ MarketsNow from your desk or on your phone or tablet. If you cant capture the program live, inspect out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.
Its time for financiers to begin making more secure bets.
Stocks have been skyrocketing, Marks cautioned that we may be nearing the end 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 organization reporters, the 15-minute program features incisive commentary from specialists.
Thats what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.
” Defense is more crucial than offense” right now, stated Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.
” We have a trade fight with China, its probably going to get fixed, but it may go off the rails,” he stated. “And if it goes off the rails, it has really serious repercussions for the world economy.”.