Howard Marks, Co-Chairman, Oaktree Capital.
David A. Grogan | CNBC
Oaktree Capital co-chairman Howard Marks instructed CNBC on Monday he believes traders can nonetheless discover enticing alternatives in firms that had been closely impaired by the coronavirus pandemic.
In a wide-ranging interview on “Closing Bell,” Marks mentioned his broader outlook on the U.S. financial system, rising bond yields and bitcoin.
“If you will discover firms which have been penalized for his or her difficulties within the pandemic and the penalty was overdone and the difficulties had been momentary, I feel that is an excellent sector proper now,” stated Marks, who co-founded funding agency Oaktree in 1995.
“Though,” he stated, “after being trounced completely by tech final 12 months, so-called worth and cyclicals have had one thing of a rebound already this 12 months.”