Stock Investors Might Find Safer Bets in Credit, Howard Marks Says -- Market Talk

Dow Jones

2025/04/01

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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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2025 14:44 ET (18:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ISBC","symbol_name":"投资者银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524976635","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524976635","pubTimestamp":1743446640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2025 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ISBC":"投资者银行","BK4211":"区域性银行","HBMD":"Howard Bancorp"},"translate_title":"霍华德·马克斯表示，股票投资者可能会在信贷中找到更安全的押注——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1,"HBMD":1},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 31, 2025 14:44 ET (18:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}