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CNN
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It is time for buyers to commence making safer bets.
That’s what Howard Marks, co-chairman of Oaktree Cash, informed CNNMoney editor-at-massive Richard Quest on “Markets Now” on Wednesday.
“Defense is much more critical than offense” correct now, said Marks, the author of “Mastering the Market Cycle: Acquiring the Odds on Your Aspect.”
Investors ought to take into consideration using a stake in utilities, and reducing their investments in additional unstable tech shares, he stated.
Defense is the identify of the recreation for a several factors.
Nevertheless shares have been soaring, Marks warned that we could be nearing the close of the bull cycle.
“I’m not stating get out,” he reported. “I think that remaining out of the market place is really harmful right now, and I think it would be a blunder to increase dollars.” But much more reputable shares can guard investors from massive losses if the climate modifications.
Marks also pointed to the trade war with China as yet another explanation for buyers to tread diligently.
“We have a trade fight with China, it is most likely likely to get solved, but it may perhaps go off the rails,” he explained. “And if it goes off the rails, it has very major repercussions for the environment financial system.”
“Markets Now” streams reside from the New York Stock Exchange each individual Wednesday at 12:45 p.m. ET. Hosted by CNNMoney’s small business correspondents, the 15-moment plan capabilities incisive commentary from gurus.
You can enjoy “Markets Now” at CNNMoney.com/MarketsNow from your desk or on your telephone or pill. If you simply cannot catch the demonstrate stay, verify out highlights on the internet and by the Markets Now e-newsletter, delivered to your inbox each afternoon.
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