It’s time for investors to start creation safer bets.
That’s what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.
“Defense is some-more critical than offense” right now, pronounced Marks, a author of “Mastering a Market Cycle: Getting a Odds on Your Side.”
Investors should cruise holding a interest in utilities, and dwindling their investments in some-more flighty tech stocks, he said.
Defense is a name of a diversion for a few reasons.
Though bonds have been soaring, Marks warned that we might be impending a finish of a longhorn cycle.
“I’m not observant get out,” he said. “I consider that being out of a marketplace is flattering dangerous today, and we consider it would be a mistake to lift cash.” But some-more arguable bonds can strengthen investors from large waste if a meridian changes.
Marks also forked to a trade fight with China as another reason for investors to step carefully.
“We have a trade conflict with China, it’s substantially going to get solved, though it might go off a rails,” he said. “And if it goes off a rails, it has really critical consequences for a universe economy.”
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