Reported 15 days ago
Howard Marks, co-chairman of Oaktree Capital, discusses the current state of U.S. stocks, noting they are expensive but not excessively so. While market optimism drives high valuations, he advises investors to remain cautious and possibly adjust their portfolios toward more defensive positions. Marks emphasizes the importance of steady returns over aggressive risks, as the S&P 500's high price-to-earnings ratio suggests limited future returns.
Source: YAHOO