1444 ET - U.S. investors looking to reduce risk might want to shift some of their bets to credit assets from stocks, Oaktree Co-Chairman Howard Marks says in a market note. "The bottom line for me continues to be that non-investment grade credit currently represents a better risk/return deal than the S&P 500," Marks says. He points to "an extended economic recovery, the general predominance of optimism [and] above-average equity valuations" as indicators that U.S. investors would be better off playing defense than offense at the moment. He also cites "a poorly functioning governmental/fiscal mechanism and substantial geopolitical uncertainty." (luis.garcia@wsj.com; @lhvgarcia)
(END) Dow Jones Newswires
March 31, 2025 14:44 ET (18:44 GMT)
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