Howard Marks, Co-Chairman, Oaktree Capital.
David A. Grogan | CNBC
In a wide-ranging interview on “Closing Bell,” Marks discussed his broader outlook on the U.S. economy, rising bond yields and bitcoin.
“If you can find companies that have been penalized for their difficulties in the pandemic and the penalty was overdone and the difficulties were temporary, I think that’s a good sector right now,” said Marks, who co-founded investment firm Oaktree in 1995.
“Although,” he said, “after being trounced thoroughly by tech last year, so-called value and cyclicals have had something of a rebound already this year.”