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CNN
—
It is time for traders to start producing safer bets.
That’s what Howard Marks, co-chairman of Oaktree Capital, explained to CNNMoney editor-at-big Richard Quest on “Markets Now” on Wednesday.
“Defense is far more critical than offense” right now, explained Marks, the author of “Mastering the Market place Cycle: Having the Odds on Your Facet.”
Traders ought to think about taking a stake in utilities, and lowering their investments in extra unstable tech shares, he reported.
Defense is the title of the recreation for a number of motives.
Although stocks have been soaring, Marks warned that we may well be nearing the stop of the bull cycle.
“I’m not saying get out,” he reported. “I believe that becoming out of the marketplace is pretty dangerous right now, and I feel it would be a miscalculation to elevate hard cash.” But much more trusted shares can guard traders from significant losses if the climate alterations.
Marks also pointed to the trade war with China as another reason for investors to tread carefully.
“We have a trade struggle with China, it’s in all probability going to get solved, but it may go off the rails,” he explained. “And if it goes off the rails, it has pretty serious consequences for the entire world economic system.”
“Markets Now” streams live from the New York Inventory Trade each Wednesday at 12:45 p.m. ET. Hosted by CNNMoney’s small business correspondents, the 15-moment program attributes incisive commentary from experts.
You can enjoy “Markets Now” at CNNMoney.com/MarketsNow from your desk or on your cell phone or pill. If you just can’t catch the clearly show dwell, test out highlights on the internet and by means of the Marketplaces Now e-newsletter, delivered to your inbox each afternoon.
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