Why it’s time for traders to go on protection | Cash news
CNN
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It’s time for traders to begin making safer bets.
That’s what Howard Marks, co-chairman of Oaktree Capital, instructed CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.
“Defense is more important than offense” proper now, stated Marks, the writer of “Mastering the Market Cycle: Getting the Odds on Your Side.”
Buyers ought to think about taking a stake in utilities, and lowering their investments in more risky tech shares, he stated.
Protection is the identify of the sport for a few causes.
Although shares have been hovering, Marks warned that we could also be nearing the top of the bull cycle.
“I’m not saying get out,” he stated. “I think that being out of the market is pretty dangerous today, and I think it would be a mistake to raise cash.” However more dependable shares can shield traders from large losses if the climate adjustments.
Marks additionally pointed to the trade conflict with China as one more reason for traders to tread rigorously.
“We have a trade battle with China, it’s probably going to get solved, but it may go off the rails,” he stated. “And if it goes off the rails, it has very serious consequences for the world economy.”
“Markets Now” streams dwell from the New York Inventory Alternate each Wednesday at 12:45 p.m. ET. Hosted by CNNMoney’s business correspondents, the 15-minute program options incisive commentary from consultants.
You may watch “Markets Now” at CNNMoney.com/MarketsNow out of your desk or in your cellphone or pill. In case you can’t catch the show dwell, take a look at highlights online and thru the Markets Now publication, delivered to your inbox each afternoon.
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