Billionaire 'Bond King' Bill Gross recommends 4 defensive investments for a bull market he sees losing steam
Lucy Nicholson/Reuters
- Billionaire investor Bill Gross says the stock market's record-breaking run is set to slow.
- He recommends that investors reposition toward defensive and high-yielding stocks.
- His favorite investments at the moment include MLP pipelines and municipal income funds.
Though this year's record-beating stock rally continues to impress Wall Street, billionaire investor Bill Gross isn't so sure the bull market will maintain its hot pace for much longer.
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