‘Expensive, but not nutty.’ Howard Marks on U.S. stocks and the one thing investors should be doing right now.

Howard Marks, co-chairman and co-founder of Oaktree Capital, pictured in 2021. The widely respected investor has some fresh thoughts on U.S. stocks and what investors should be doing. - patrick t. fallon/Agence France-Presse/Getty Images The direction is upward for stocks on Wednesday, driven by some optimism around Fed rate cuts, as investors continue fielding rumblings on the U.S.-China trade front. Taking a step back is our call of the day from the highly respected co-founder of Oaktree Capital Manage ...