Educate yourself with investment media clips and investment articles chosen with the prudent investor in mind. The professionals at Cabot Money Management frequently appear in print, online, and on television to share investment tips, the impact of the economy on markets, financial planning advice, and more. To help investors understand the state of the market, we have compiled a selection of investment media clips and investment articles that outline what is happening in politics, technology, the world economy, and the business sphere in videos and articles. Our investment articles and media clips will give you insight into investment opportunities in a wide variety of industries and markets.
For more information about how Cabot Money Management participates in today's economic media sphere and how we can help you manage your wealth, contact us today.
Rob Lutts, president and CIO, Cabot Money Management, told
CNBC, "I think investors need to be prepared for the possiblity that we actually
break to the upside of this range, i'm not saying all time new highs, but if we
continue to get another two or three weeks of good economic data out of the US,
I think investors could mark up equity prices."
Publication: Banker & Tradesman Date: December 19, 2011 Expert: Rob Lutts Abstract: How an industry built on serving the desperate can help traditional banks.
Publication: Banker & Tradesman Date: December 5, 2011 Expert: Tim Moore Abstract: After returning from China, Cabot portfolio manager, Tim Moore, shares his thoughts with staff reporter Matt Brown of Banker & Tradesman. Tim came home from China impressed with the country's ongoing growth and huge appetite for western-style consumerism. In this issue, Tim talks about China's promise, its command economy and "ghost cities."
Expert: Rob Lutts Abstract: Cabot president and Chief Investment Officer Rob Lutts shares his insights into the opportunities available in Asia. "The european situation is
realand it's going to
continue.I think the
volatility is goingto be
with us over the next sixmonths or nine months.and we may see some verysurprising events," said Lutts.
Abstract: Cabot Senior Financial Counselor Greg Stevens appears on NECN Business and discusses the importance of proper planning and some of the tools and options available for small businesses.
Publication: WRKO-AM Date: July 26, 2011 Expert: Dennis Wassung Abstract: Cabot Money Management Portfolio Manager Dennis Wassung shares his recent stock picks on the radio show “Lunch Money.” His three picks are Ancestry.com, Acme Packet and Alexion Pharmaceuticals. “At Cabot Money Management, we believe our clients are going to benefit from longer term secular growth themes,” Wassung says in explaining why he chose these stocks. Hear the full discussion on WRKO’s “Lunch Money.”
Publication: CNN Money Date: July 25, 2011 Expert: Bill Larkin Abstract: Ben Rooney of CNN Money features the expertise of Cabot Money Management Portfolio Bill Larkin on how the debt talks in the U.S. government could impact the bond market. As government leaders struggle to strike a deal, the threat of default increases, and the market requires marketing for signs of distress. “My confidence in their ability to work together to solve problems is very low,” said Larkin. “That’s why I’m not buying anything right now.” Read the full article on CNNMoney.com.
Stocks Sink as Debt Limit Remains Unresolved Publication: Associated Press Date: July 25, 2011 Expert: Rob Lutts Abstract: AP business writer Chris Cutter draws on the insight of Cabot Money Management CIO Rob Lutts in an article discussing the standstill of debt discussions and its effect on stocks. As Republican and Democratic leaders suggest competing proposals to avoid a default by the U.S. government, stocks fell. As the debate continues, investors wonder whether the final agreement will be a long term or simply a quick fix. “We’re thinking this is going to be resolved,” said Lutts. “The question: Is it resolved from a standpoint of a long-term solution or a stop-gap measure?” Read the full article on ABC News/Money.
Publication: CNBC Date: July 25, 2011 Expert: Rob Lutts Abstract: Rob Lutts shares his thoughts on the bond market as it relates to debt ceiling debates with CNBC author Jeff Cox. While the government continues its debt discussion, investors are focusing on earnings in the stock and bond market. Bonds, according to Lutts, are still vulnerable, despite their popularity. “Just like stocks that are in a huge, long bull market take a while to turn, that’s what we’re seeing in bond yields,” said Lutts. “You can get some pretty fast adjustments once everybody starts getting on that train.” Read the full article on CNBC.com.
Money Matters: Bill Larkin Discusses Investing in Bonds
Publication: Money Matters Date: July 21, 2011 Expert: Bill Larkin Abstract: Cabot Money Management Portfolio Manager shared his insight into the bond market on “Money Matters.” Larkin provided listeners with a synopsis of what a bond is, saying, “the bond will give you a pre-determined payment, and then it will return your principal at maturity.” A majority of bonds pay semi-annually, Larkin says. Larkin also explains three main risks associated with investing in bonds: “credit risk, interest rate risk and making sure you get a real return on the inflation rate.”
Publication: Bloomberg Date: July 21, 2011 Expert: Bill Larkin Abstract: Susanne Walker and John Detrixhe of Bloomberg feature Cabot Money Management Portfolio Manager Bill Larkin’s insight into the continued struggles in the European and U.S. debt debates. While governments in both Europe and the U.S. are working to avoid default, treasuries in Europe fell and US leaders have yet to reach an agreement on the debt ceiling. “EU leaders are going in the right direction,” said Larkin. “There was a lot of optimism in the market today. It’s probably going to be short-lived.” Read the full article in Bloomberg.
Publication: Bloomberg-TV Date: July 18, 2011 Expert: Rob Lutts Abstract: Bloomberg-TV host Pimm Fox interviewed Cabot Money Management President and CIO Rob Lutts to gain his insight into investment strategy, emerging markets and stocks. In the interview, Lutts suggests gold and emerging markets as particularly strong investment options and ways to avoid “financial repression.” “Wealth is being shifted from individuals to the government as they monetize the debt,” Lutts says. Watch the full interview on Bloomberg-TV.
Publication: CNBC Date: July 18, 2011 Expert: Rob Lutts Abstract: A Reuters article features Cabot Money Management’s CIO Rob Lutts’ expertise on gold’s continued rally even amid continued debt talks. “What’s coming out of these debt talks is that you are seeing a lot of people focusing on the numbers and to understand the ramifications of debt burden on countries,” said Lutts. “A move to $2,000 in the next six to nine months is not that crazy in gold.” Read the full article on CNBC.com.
Lunch Money: Rob Lutts on the Debt Ceiling and Stock Market Publication: WKRO Lunch Money Date: July 15, 2011 Expert: Rob Lutts Abstract: Cabot Money Management President and CIO Rob Lutts shares his expert opinion on the stock market on “Lunch Money,” particularly in emerging markets. His first pick is New Oriental Education, which Lutts says is “a high quality growth company with a big need. It’s growing 30% a year.” While some investors are hesitant to invest in emerging markets, Lutts assures that he only invests in proven safe and trustworthy companies. He also picks HDFC Bank, which is providing a strong financial system for India. “I think this company is going to continue to grow about 25% a year,” Lutts says. Lutts also discussed the debt ceiling, saying, “We can afford the debt ceiling and we can move it up, but short-term it may be a little more of a nerve-wracking period.”
Publication: Wall Street Journal Date: July 13, 2011 Expert: Bill Larkin Abstract: A Wall Street Journal article by Kellie Geressy-Nilsen features Cabot Money Management Portfolio Manager Bill Larkin’s expertise in discussing Target Corp.’s sale of three-year fixed and floating-rate notes for $500 million. “That seems very expensive to me,” said Larkin, who also suggested that despite solid credit and name, there isn’t enough value in the risk premium. “It might be more of an opportunistic buy for the name alone to some,” he said. Read the full article in the Wall Street Journal.
Publication: CNN Money Date: July 12, 2011 Expert: Rob Lutts Abstract: In a CNN Money article detailing the fall of stocks in response to Ireland’s debt being further downgraded, Hibah Yousuf highlights Cabot Money Management CIO Rob Lutts’ expertise. The downgrade in Ireland’s credit rating triggered a fall across the U.S. stock market as concern over Europe’s debt grows. “The market is rightfully concerned and is trying to understand how this debt problem will be managed,” said Lutts. Read the full article on CNNMoney.com.
Publication: CNN Money Date: July 11, 2011 Expert: Bill Larkin Abstract: CNN Money writer Blake Ellis features the expertise of Cabot Money Management Portfolio Manager Bill Larkin in an article discussing the widespread fear in the bond market. As a result of four main factors, the benchmark 10-year yield fell below 3%. “We need to get back to at least 3% to have more confidence,” said Larkin. “With the payroll numbers on Friday, the Europe situation, the debt ceiling, and being on the cusp of earnings, the risks in the marketplace are extremely elevated.” Read the full article on CNNMoney.com.
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Publication: Boston Business Journal Date: July 8-14, 2011 Expert: Greg Stevens Abstract: Boston Business Journal reporter Tim McLaughlin interviewed Cabot Money Management senior financial counselor Greg Stevens on the work involved in building an effective plan for a client to reach his or her financial retirement goals. Stevens suggest that, given the current economy, anyone approaching retirement consult a financial adviser about their goals. “We find clients need help more now than ever,” Stevens said. “A competent adviser will ask the right questions and show the person what strategy they recommend.”
Publication: MarketWatch Date: July 7, 2011 Expert: Rob Lutts Abstract: Robert Power, a writer a MarketWatch, features the insights of Cabot Money Management CIO Rob Lutts in an article detailing the “3 Ds” causing investor horror. Debt, deficit, and demographics require attention and action to prevent further economic trouble, the article posits. “Inflation is coming,” Lutts warns in the article. Thus, Lutts recommends including gold and long equities in clients’ portfolios. “They should act as a hedge against inflation.” Read the full article on MarketWatch.
Publication: U.S. News & World Report Date: July 1, 2011 Expert: Rob Lutts Abstract: In a personal finance article for U.S. News & World Report, Meg Handley draws upon the expertise of Cabot Money Management President and CIO Rob Lutts to discuss three investment options that will yield profit to investors. Corporate bonds, emerging market debt and high-quality equities represent worthy options for investors. Emerging market bonds, in particular, “have been doing very well year-to-date,” says Lutts, as have equities, which can help anchor a portfolio while creating income. High-quality equities “could be the best asset class today,” says Lutts. Read the full article in U.S. News & World Report.
Publication: CNN Money Date: June 30, 2011 Expert: Bill Larkin Abstract: CNN Money reporter Ken Sweet features the insights of Cabot Money Management Portfolio Manager Bill Larkin in an article about the jump in the 10-year-yield. A rise in percentage points of 0.3, the jump is part of a troubling week and due in part to investors’ return to riskier options, such as stocks. This is concerning for anyone investing in treasuries. “You’re looking at negative real returns on your investment in Treasuries,” said Larkin. Read the full article at CNNMoney.com.
Publication: Smart Money Date: June 29, 2011 Expert: Rob Lutts Abstract: Sarah Morgan features Cabot Money Management President and CIO Rob Lutts’ expertise in a SmartMoney article about gold’s rally in the economy. After ten years of gaining, gold hit a sudden skid in late June, sparking a divide in investors about its future as an investment option. Lutts believes that it could return to a climb if debt-plagued countries continue to print new money, which makes gold a stronger inflation hedge. Furthermore, large institutions looking to protect their purchasing power “could be the catalyst for a further move up,” said Lutts. “I think we’re moving from acceptance into love affair,” he says. Read the full article in SmartMoney.
Publication: CNBC Date: June 24, 2011 Expert: Bill Larkin Abstract: A CNBC article about continued economic concerns related to Greece’s debt crisis features the expertise of Cabot Money Management Bill Larkin. The continued debt issues in Greece have led investors to pull cash from US money market funds to avoid European loans going back should Greece default. Shareholders, too, are increasingly concerned with what is actually in their money funds. “Clients now are much more sensitive,” said Larkin. “You don’t want to go in and have something that says Greece or Europe across it, or you are going to scare them.” Read the full article on CNBC.com.
Lunch Money: Rob Lutts Discusses Stocks
Publication: WRKO Lunch Money Date: June 24, 2011 Expert: Rob Lutts Abstract: Cabot Money Management President and CIO Rob Lutts shares his expertise on why he’s still bullish on the stock market despite continued economic concerns. “The economy and the stock market are out of sync about 2/3 of the time,” says Lutts. “You can look at all that data, but it doesn’t necessarily help you in investing.” Lutts suggests that the 5-10% correction is very normal and that he is hopeful for some good stock bargains.
Publication: U.S. News & World Report Date: June 22, 2011 Expert: Bill Larkin Abstract: U.S. News & World Report writer Ben Baden draws on Cabot Money Management Portfolio Manager Bill Larkin’s insights into what to expect as the Federal Reserve closes its second round of quantitative easing (QE2). This end marks a new challenge for the economy: surviving without the stimulus of the Federal Reserve. One thing Larkin suggests watching for is Europe’s continued debt crisis, as Greece now has the worst credit rating in the world following another downgrade. “Greek debt has taken center stage,” says Larkin. “Everyone is starting to plan for some form of default.” Read the full article in U.S. News & World Report.
Publication: CNN Money Date: June 20, 2011 Expert: Bill Larkin Abstract: CNN Money reporter Charles Riley features Cabot Money Management Portfolio Manager Bill Larkin’s expertise in an article detailing the impact of Greece’s debt crisis on Treasury investors. With no bailout package and no new loans until mid-July, the Greek Parliament is desperately for options to make the country eligible for a fresh bailout. “The confidence they can handle this thing is gone,” said Larkin. “The market is looking for a solution.” Read the full article in CNN Money.
Publication: CNBC Date: June 20, 2011 Expert: Rob Lutts Abstract: A CNBC article detailing Harbin Electric’s buyout highlights the expertise of Cabot Money Management President and CIO Rob Lutts. The deal is valued at $750 million, which, although sending the company’s shares higher, still fell short of the offer price. “I think there’s still a negative story out there about the company having improper numbers, and the shorts (sellers) haven’t exited completely,” said Lutts. Read the full article on CNBC.com.
Publication: Banker & Tradesman Date: June 19, 2011 Expert: Rob Lutts Abstract: Banker & Tradesman staff writer Laura Schreier interviewed Cabot Money Management President and CIO Rob Lutts for insight into Far-East emerging markets given his global expertise. In the interview, Lutts shares that he puts an “unusually large” percentage of clients’ portfolios in emerging markets because of his faith in emerging markets. On his most recent trip to the Far East, Lutts observed the strength of these markets. “What I came back with,” Lutts says of his trip, “is an appreciation that the policies of the U.S. today are in stark contrast with the policies of Asia today.” Read the full Banker & Tradesman article.
Publication: Bloomberg BusinessWeek Date: June 18, 2011 Expert: Bill Larkin Abstract: Susanne Walker and Daniel Kruger of Bloomberg Businessweek wrote an article featuring commentary from Cabot Money Management Portfolio Manager Bill Larkin on two-year treasury notes rising for a tenth straight week. Treasuries advanced amid concern that Greece will struggle to avoid a sovereign-debt default, and yields on notes of all maturities hit their lowest point in 2011. “There is a lot of embedded fear in the marketplace,” says Larkin. “People think the solution for Greece is going to be in years, if not decades.” Read the full article in Bloomberg BusinessWeek.
Publication: CNBC Date: June 16, 2011 Expert: Rob Lutts Abstract: Cabot Money Management President and CIO Rob Lutts shares his expert opinion with CNBC’s “Street Passport” regarding a predicted 40% drop in the S&P. “I don’t buy this,” Lutts says. “We know the size of the problem in Europe…and we know what needs to be done. They need to be restructured.” Lutts struck a hopeful tone, saying that markets have already started to adjust and the link between Greece’s economy and ours isn’t as strong as people think. Watch the full interview on CNBC.
Publication: Bloomberg BusinessWeek Date: June 16, 2011 Expert: Bill Larkin Abstract: Bloomberg Businessweek reporters John Detrixhe and Daniel Kruger featured Cabot Money Management Portfolio Manager Bill Larkin’s expertise in an article detailing the effects of the Greek debt crisis on treasury notes. As default looks more and more likely for Greece, treasuries rose, pushing yields on 10-year notes to their lowest point this year. While plans for restructuring are still being discussed, fear remains a constant. “Everybody knows that there has to be some sort of restructuring,” said Larkin. “The pendulum of fear, uncertainty and doubt is rising. It’s feeding on itself.” Read the full article in Bloomberg BusinessWeek.
Publication: CNBC Date: June 15, 2011 Expert: Rob Lutts Abstract: A CNBC article features Cabot Money Management President and CIO Rob Lutts sharing his insight into gold’s continued rise while stocks continue to fall. As the U.S. economy slows and Greece’s debt crisis grows worse, investors are looking for safe havens; this desire has led to gold’s strength. “Gold is a bastion of strength right now when the equity, crude oil and other commodity markets are weak,” says Lutts. Read the full article on CNBC.com.
Publication: Bloomberg BusinessWeek (via Associated Press) Date: June 14, 2011 Expert: Rob Lutts Abstract: Associated Press business writer Chris Cutter wrote an article highlighting Cabot Money Management President and CIO Rob Lutts’ insight into the stock market’s resurgence from a two-week slump. Retailers in May experienced better sales than predicted, allowing stocks to climb back up. This is promising news, indicating that despite a slow economy, the public is still supporting retail. “The good news is the consumer is hanging in there,” says Lutts. Read the full article in Bloomberg BusinessWeek.
Publication: CNBC Date: June 10, 2011 Expert: Bill Larkin Abstract: In a CNBC article discussing the Federal Reserve and markets pulling back as the economy slows, reporter Jeff Cox features the expertise of Cabot Money Management Portfolio Manager Bill Larkin on what options investors still have. Investors have been losing confidence amid the economy’s decline and rising inflation, creating fear and confusion. “We have mountainous inflation efforts in place with historically low yields and strong demand for bonds,” says Larkin. “I’m trying to convince my clients that cash now is a good thing because we can be dynamic if we have a chance.” Read the full article at CNBC.com.
Publication: CNN Money Date: June 10, 2011 Expert: Bill Larkin Abstract: CNN Money reporter Ben Rooney features Cabot Money Management Portfolio Manager Bill Larkin’s expertise in an article on the turn away from “junk” bonds as the economic recovery loses steam. Starting in 2009, investors looked to these corporate bonds because, while high risk, they offered high yields. Larkin suggests investors approach such bonds with caution because the risk of increased inflation, which would translate to negative return for investors. “This market is extremely expensive,” he says. “I’m afraid that we could get some hot inflation data on top of the prices.” Read the full article at CNNMoney.com.
Publication: Bloomberg BusinessWeek (via Associated Press) Date: June 7, 2011 Expert: Rob Lutts Abstract: Writing about stocks’ gains following a four day losing streak, Francesca Levy highlights Cabot Money Management President and CIO Rob Lutts’ expertise. As traders expect no claim from Federal Reserve Chairman Ben Bernanke that interest rates will rise anytime soon, stocks recovered some of the losses they had incurred in the previous four days. “The markets are now thinking there’s going to be a little bit of a positive jolt from Bernanke,” says Lutts. “He is the key market participant that has the impact to make people excited and give the market a little more medicine.” Read the full article in Bloomberg BusinessWeek.
Publication: CNN Money Date: June 3, 2011 Expert: Rob Lutts Abstract: CNN Money writer Ken Sweet featured the insights of Cabot Money Management President and CIO Rob Lutts in an article detailing the continual fall of the Dow Jones and S&P. The latest of several signs that the economic recovery is at a standstill, a disappointing jobs report for May led to stocks falling for a fifth consecutive week. “I’m not giving up hope,” says Lutts, “but clearly the strength of the economic recovery is in question.” Read the full article in CNN Money.
World Forex: Euro Jumps on Hopes of End to Greek Tragedy Publication: Wall Street Journal Date: June 2, 2011 Expert: Rob Lutts Abstract: Wall Street Journal reporter Javier E. David features Cabot Money Management President and CIO Rob Lutts’ expert opinion in his article on the euro’s recent rally amid hopes of an end to Greece’s economic crisis. Restructuring plans picked up steam, leading to increased hope that a deal will be worked out. Lutts predicts a 95% chance of a restructuring deal but cautions, “I do think it’s a fait accompli. Greece is going to have to take the medicine as well as the pain.” Read the full article in the Wall Street Journal.
Lunch Money: Rob Lutts Discusses Stock Market Climb
Publication: WRKO Lunch Money Date: June 1, 2011 Expert: Rob Lutts Abstract: Cabot Money Management President and CIO Rob Lutts shares his expertise on the stock market on the radio show “Lunch Money.” Lutts suggests that, with high interest rates, money is moving from the much larger bond market to the stock market, which is a positive sign. “I think the broad market is moving higher,” Lutts predicts.
Publication: Bloomberg BusinessWeek Date: May 27, 2011 Expert: Bill Larkin Abstract: Bloomberg BusinessWeek reporters Daniel Kruger and John Detrixhe feature the expertise of Cabot Money Management Portfolio Manager Bill Larkin in an article about treasuries rallying in reaction to a concerning global economy. As Europe’s debt crisis continues and growth of the world’s largest economy stalls, more investors are flocking to the safer government debt. Some sectors, however, are struggling, says Larkin. “Pending home sales is a big problem,” he says. “If you look at the economy and the structural unemployment, such a large portion of it is related to housing markets.” Read the full article at Bloomberg BusinessWeek.
Tom & Todd Show: Rob Lutts Discusses Singapore and Malaysia Markets
Publication: WRKO Tom & Todd Show Date: May 24, 2011 Expert: Rob Lutts Abstract: Radio hosts Tom and Todd interview Cabot Money Management President and CIO Rob Lutts to hear his expert opinion on the strength of emerging markets such as Singapore and Malaysia. Lutts shared what he found to be “stark differences” between the policies of emerging markets and those of developed economies, like the U.S. One notable difference, Lutts says, is that the U.S. has “decapitalizing policies, meaning we have a negative attitude toward capitalizing and growing versus positive and constructive attitudes. Businesses in Asia are encouraging their businesses and enterprises to grow.”
Publication: International Business Times Date: May 25, 2011 Expert: Rob Lutts Abstract: The International Business Times interviewed Cabot Money Management President and CIO Rob Lutts to glean his insights into two key emerging markets, Singapore and Malaysia. An expert on global emerging markets, Lutts shared what he thinks makes these two particularly promising for investors. Both countries boast rapidly growing economies. “Singapore’ economy is really driven mostly by world trading volume,” says Lutts. “Their economy can grow dramatically at times and contrast as well very quickly – which is all related to financial markets and world trade.” Meanwhile, Malaysia’s economy is also growing rapidly due to “major industries” of oil and gas, says Lutts. Read the full article in the International Business Times.
Publication: WRKO Lunch Money Date: May 24, 2011 Expert: Dennis Wassung Abstract: Cabot Money Management Portfolio Manager Dennis Wassung shares his insight into buying opportunities in stocks on “Lunch Money,” such as SalesForce.com. “It is a stellar company growing very strongly, at or near an all-time high,” Wassung says. Wassung also recommends C-Trip International, an online travel company based in China, with a “very fast growing travel industry and a very strong growth trajectory” supporting it. Listen to the full interview on “Lunch Money.”
Publication: CNBC Date: May 20, 2011 Expert: Bill Larkin Abstract: In a CNBC article about the increased trend of investing in bonds, writer Jeff Cox features the expertise of Cabot Money Management Portfolio Manager Bill Larkin on why this might not be the best trend for investors to follow. Low borrowing costs and a receptive market make corporate debt bonds good for companies, but for investors seeking payback, interests might be better served in dividend-paying stocks. The end of the Federal Reserve’s quantitative easing might put bonds in an even riskier position, says Larkin. “We know that the Fed has to make a change at some point,” he says. “The market is starting to make an indication that change is coming.” Read the full article at CNBC.com.
Publication: CNN Money Date: May 20, 2011 Expert: Bill Larkin Abstract: CNN Money writer Charles Riley draws upon the expertise of Cabot Money Management Portfolio Manager Bill Larkin in an article detailing the lingering problems impacting treasury bonds. A weak US economy and the continued debt crisis in Greece are key factors weighing on investors’ minds, especially as Greece’s credit rating was again downgraded. “It’s one of those things where the beast has to be tamed,” says Larkin. “I don’t know how they are going to do it, but there are going to be winners and losers.” Read the full article in CNN Money.
Lunch Money: Tim Moore Discusses Stock Tips
Publication: WRKO Lunch Money Date: May 19, 2011 Expert: Tim Moore Abstract: Cabot Money Management’s Tim Moore shares his expert opinion on promising stocks on the radio show “Lunch Money.” Moore selected Apache Corporation, Precision Drilling and Tourmaline Oil as stocks with strong potential to yield high returns for investors. “This plays well into the theme we have at Cabot that there will be a long-lasting supply/demand imbalance,” Moore says of his picks.
Publication: Wall Street Journal Date: May 17, 2011 Expert: Bill Larkin Abstract: Wall Street Journal reporters Amir Efrati and Kellie Geressy-Nilsen feature the expertise of Cabot Money Management Portfolio Manager Bill Larkin in an article on Google’s foray into selling bonds. Strong demands for bonds, with orders exceeding $10 billion, led Google to the decision to sell bonds, an unusual one for a tech company. However, Google is essentially getting “free money,” says Larkin. “It’s very easy for a company like Google to prefund the purchase of another company at such attractive rates. Read the full article in the Wall Street Journal.
Lunch Money: Rob Lutts Discusses Stock Picks
Publication: WRKO Lunch Money Date: May 12, 2011 Expert: Rob Lutts Abstract: Cabot Money Management President and CIO Rob Lutts shares insight into the stock market and stock picks on the radio show “Lunch Money.” Lutts’ picks include IMAX Corporation, which Lutts says has the benefit that “desire for entertainment is insatiable as wealth grows,” and HDFC Bank, “which has been growing at 20-25% per year and I think they’ll keep that up for the next decade,” says Lutts.
Publication: WRKO Tom & Todd Show Date: May 9, 2011 Expert: Dennis Wassung Abstract: Cabot Money Management Portfolio Manager Dennis Wassung shared his insight into gas prices with the Tom & Todd Show. “Gas prices are following oil prices,” Wassung says. “You’ll probably see a little bit of a reduction in gas prices shortly, but the global supply and demand environment for oil is not favorable for gas prices today.” Listen to the full interview on WRKO.
Publication: Bloomberg BusinessWeek Date: May 6, 2011 Expert: Bill Larkin Abstract: Bloomberg BusinessWeek reporters Susanne Walker and Daniel Kruger feature the insight of Cabot Money Management Portfolio Manager Bill Larkin in their article detailing the speculation that Greece may leave the European Union. As Greece’s debt crisis continues to worsen and impact the global economy U.S. 2-year-notes fell to their lowest level since March. Investors are hopeful, however, that the economy will recover. “As long as the economy in in recovery mode, the risk-on trade wins,” says Larkin. “Rates are likely to rise over the next 12 months as the economy gains traction.” Read the full article in Bloomberg BusinessWeek.
Publication: CNBC (via Reuters) Date: May 3, 2011 Expert: Rob Lutts Abstract: A Reuters article highlights the expertise of Cabot Money Management President and CIO Rob Lutts on gold’s drop as the death of Osama Bin Laden stalled safe-haven buying of the metal. Silver also dropped, continuing a downward trend. “Silver has been, in the short term, overextended,” says Lutts. “Its divergence from its moving averages has been extreme.” Read the full article at CNBC.com.
Publication: U.S. News & World Report Date: May 2, 2011 Expert: Rob Lutts Abstract: U.S. News & World Report writer Ben Baden highlights Cabot Money Management President and CIO Rob Lutts’ expertise in an article discussing the continued focus on debt and inflation despite the market upswing following Osama Bin Laden’s death. This has led to a brief boost in morale for US investors, but Lutts expects it to be short-term due to the more pressing issues plaguing the economy. “The explosion of debt in the developed economies is a very real issue,” says Lutts. Read the full article in U.S. News & World Report.
Publication: USA Today Date: May 2, 2011 Expert: Rob Lutts Abstract: Associated Press writer Chris Cutter features Cabot Money Management President and CIO Rob Lutts’ insights into the stock market’s rise amid unexpectedly strong earnings reports. “The industrial sector and the manufacturing sector of this country are much stronger than many investors have perceived,” says Lutts. Read the full article in USA Today.
Publication: U.S. News & World Report Date: April 28, 2011 Expert: Bill Larkin Abstract: U.S. News & World Report writer Ben Baden highlights Cabot Money Management Portfolio Manager Bill Larkin’s insights into the Federal Reserve’s press conference. One of the key things to focus on is that a third round of quantitative easing is unlikely, but the Fed will have to decide how to continue reinvesting interest payments from prior purchases. “It’s going to live on,” says Larkin, suggesting that the Federal Reserve will have to decide what to do with its current balances. Read the full article in U.S. News & World Report.
Publication: Boston Herald Date: April 28, 2011 Expert: Bill Larkin Abstract: Reporter Greg Turner of the Boston Herald features the expertise of Cabot Money Management Portfolio Manager Bill Larkin in his article discussing Ben Bernanke’s press conference. Delivering the new monetary policy for the U.S. government, Bernanke suggested a “modest” economic recovery, says Larkin. The Federal Reserve will have to decide how to handle its current balance sheets, suggests Larkin. Read the full article in the Boston Herald.
New England Business: Rob Lutts on Fed Press Conference
Publication: WBZ Date: April 27, 2011 Expert: Rob Lutts Abstract: Cabot Money Management President and CIO Rob Lutts shared his expertise with New England Business about Ben Bernanke’s press conference. “This press format where he’s actually taking open questions never occurred before and has been well received by the market,” Lutts says. “The markets love information, and we’re seeing a pretty positive environment for stocks.
Publication: CNNMoney.com Date: April 27, 2011 Expert: Bill Larkin Abstract: CNN Money reporter Ken Sweet offers the insights of Cabot Money Management Portfolio Manager Bill Larkin into the effects of the Federal Reserve press conference on bonds. This press conference is part of the Federal Reserve’s effort to be more open in sharing its policies with investors and the general public. “Transparency is way overdue,” says Larkin. He says that core issues need to be addressed and that Bernanke needs to “explain why the Fed isn’t concerned about inflation compared with consumers and business owners.” Read the full CNN Money article.
Rob Lutts Discusses Stock Picks
Publication: WRKO Date: April 22, 2011 Expert: Rob Lutts Abstract: Cabot Money Management President and CIO Rob Lutts shares his insights into the stock market with WRKO radio. His first suggestion is gold, which is “fully underappreciated and undervalued,” Lutts says. “Gold is in an established, bullish phase. We think gold has much higher to go.” His second pick is Open Table, an online reservation service for restaurants. “It’s a great business model,” Lutts says. “They’re growing about 40-60% per year and very profitable.”
Publication: CNBC Date: April 1, 2011 Expert: Rob Lutts Abstract: CNBC reporter Jeff Cox features Cabot Money Management President and CIO Rob Lutts’ expertise in an article detailing the continued rise in markets despite the Federal Reserve’s continued warnings of inflation risk. Should the Federal Reserve change its course of action, it is the bond market that could be impacted first, Lutts suggests. "For bond investors, they’re in a huge bubble,” he says. “The valuations on short-term Treasuries and even the 10-year is not rational in this environment.” Read the full article on CNBC.com.
Publication: CNN Money Date: April 1, 2011 Expert: Bill Larkin Abstract: CNN Money reporter Catherine Clifford features the expertise of Cabot Money Management Portfolio Manager Bill Larkin regarding the up and down cycle of US Treasuries in the first quarter. The continued rise and fall ultimately left the Treasury market in the same position, as investors’ concerns focused on signs of an economic recovery in the U.S. and of disaster elsewhere in the world. Turmoil in the Middle East and the earthquake in Japan in particular led investors to seek the safety of Treasury bonds. These events could push interest rates higher, though, Larkin suggests, meaning that this might just be a “temporary flight-to-quality bids.” Read the full article in CNN Money.
Publication: Bloomberg Date: February 3, 2011 Expert: William Larkin Abstract: William Larkin, fixed-income portfolio manager at Cabot Money Management, is featured in a Bloomberg article by Sapna Maheshwari and John Detrixhe about the possibility of Microsoft selling its debt to benefit its shareholders. Larkin discusses the fall of Microsoft’s bonds. “I would look at this as super expensive. As inflation expectations shift and as Treasuries sell off, basically Microsoft bonds will lose value,” Larkin says. Read the full article in Bloomberg…
Publication: CNN Money Date: February 1, 2011 Expert: Rob Lutts Abstract: Hibah Yousuf of CNN Money features the expertise of Cabot Money Management President and CIO Rob Lutts after the Dow Jones Industrial Average and S&P 500 Index closed at their highest levels in two years, despite unrest in Egypt. Lutts discusses how recently released data contributed to the gain. “Economic data remains fairly positive and quarterly earnings are coming out strong across the board,” Lutts says. Read the full article on CNN Money…
Publication: Bloomberg Date: February 1, 2011 Expert: Rob Lutts Abstract: Cabot Money Management President and CIO Rob Lutts is interviewed by Bloomberg’s Rita Nazareth and Inyoung Hwang after U.S. stocks climbed after data showed manufacturing recently expanded. Rob discusses the news that commodities beat stocks for the longest stretch since 2008. “The risk bid will continue to move up while the conservative stance moves down. We are making steady progress and you can see that with copper making new highs and the stock market reflecting a stronger economy and earnings potential,” Lutts says. Read the full article in Bloomberg…
Publication: Financial Planning Date: February 1, 2011 Expert: William Larkin Abstract: Suzanne McGee of Financial Planning consults Cabot Money Management fixed-income portfolio manager William Larkin for an article about advisers about the dollar’s value. Larkin discusses how many investors are steering their clients toward gold. “From an investment standpoint, you simply can't afford to be a saver anymore. This is a bet on the belief that the United States doesn't have the ability or willingness to protect the dollar long term,” Larkin says. Read the full article in Financial Planning…
Abstract: Jeff Cox of CNBC.com interviews Cabot Money Management President and CIO Rob Lutts about reasons why the stock market could revert back to previous lows from 2008 and what investors are doing in light of this possible scenario. "American business and American investors are playing defense today," says Lutts.
Publication: FoxBusiness Date: January 24, 2011 Expert: Rob Lutts Abstract: Rob Lutts, president and CIO of Cabot Money Management, is quoted in a FoxBusiness special report about the top stocks for 2011. See the full story on FoxBusiness.com…
Publication: Yahoo! Finance Date: January 24, 2011 Expert: William Larkin Abstract: Sheyna Steiner, of Yahoo! Finance, features the expert insight of William Larkin, Cabot Money Management fixed-income portfolio manager, in an article that previews what the 2011 economic climate could look like. Larkin suggests that investors avoid illiquid savings vehicles such as CDs. “If you get into a CD, you're losing your flexibility,” Larkin says. Read the full article on Yahoo! Finance…
Publication: Reuters Date: January 21, 2011 Expert: Rob Lutts Abstract: Ben Berkowitz of Reuters features Cabot Money Management President and CIO Rob Lutts in an article about strategies that banks are using to return investments and reduce dependence on volatile markets. “At the end of the day, these bankers are business people, and they want to get the highest return on their dollar. They're going to be looking very closely at any possible business that might help them get closer to where they were,” Lutts says. Read the full article on Reuters… **Also appeared in Yahoo! Finance and Vancouver Sun
Publication: CNBC.com Date: January 18, 2011 Expert: Rob Lutts Abstract: Rob Lutts, president and CIO of Cabot Money Management, is featured in an article by CNBC.com’s Jeff Cox about President Barack Obama’s migration from anti-big business populist to Wall Street sympathizer. Lutts discusses Obama’s current attitude regarding business leaders versus how he was in the beginning of his presidential tenure. “He had a come-to-Jesus meeting with some major leaders in this country, most of them running big corporations. I think he came out of there impressed that he needed to take a different view toward business. If you analyze his speeches, it was always ‘us and them.’ What he didn't realize was those are the people who are going to create the jobs, create the environment so he can get re-elected,” Lutts says. Read the full article on CNBC.com…
Publication: U.S. News & World Report Date: January 13, 2011 Expert: William Larkin Abstract: Meg Handley of U.S. News & World Report features the expertise of Cabot Money Management fixed-income portfolio manager William Larkin regarding the municipal bond market. Larkin says investing in the municipal bond market can be risky, but believes the safest aspect of that particular market is essential municipal services, such as schools and utilities. “If we look at the municipal bond market, it's going to have lots of pockets of real strength and it’s going to have pockets of weakness. The risk is where there’s not a direct source of revenue. The further you go away from the revenue source, the more risk there’s going to be,” Larkin says. Read the full article in U.S. News & World Report…
Publication: CNN Money Date: January 12, 2011 Expert: William Larkin Abstract: Catherine Clifford of CNN Money interviews William Larkin, Cabot Money Management fixed-income portfolio manager, after Treasury prices recently dropped. Larkin speaks about how the Treasury market is affected by the European debt crisis. “The Treasury market is definitely a little bit weaker because of better news coming out of Europe,” Larkin says. Read the full article in CNN Money…
Abstract: Jonathan Spicer of Reuters features the expertise of William Larkin, Cabot Money Management fixed-income portfolio manager, regarding signs of economic improvement, including retail sales data. "If we're looking at all the information coming in, things are better. As you start to get a consensus change (at the FOMC), that means there is more discussion about the clutching mechanism of going from easing to potentially neutral. It's going to be a new game and it's going to help get the market ready for the change," Larkin says.
Publication: CNN Money Date: January 7, 2011 Expert: William Larkin Abstract: Blake Ellis of CNN Money interviews Cabot Money Management fixed-income portfolio manager William Larkin about the recent rise in Treasury prices. Larkin says yields have the potential of climbing higher in the near future, though there are several external factors that could deter yields’ growth. “We're back in the normal recovery period. Over the next year we're probably likely to see that progression toward that 4 percent mark if things continue to improve to the upside. We’ve got a lot of positives but a lot of structural negatives that could hold yields down. Europe, trade problems, volatile currency fluctuations -- these are all things that disrupt the economy and tend to push people into safer asset classes like Treasuries,” Larkin says. Read the full article in CNN Money…
Publication: CNN Money Date: January 6, 2011 Expert: William Larkin Abstract: Annalyn Censky of CNN Money features the expert insight of Cabot Money Management fixed-income portfolio manager William Larkin after Treasury prices rose following a weaker-than-expected weekly unemployment report. Larkin looks ahead to a soon-to-be released monthly jobs report, saying investors are hoping for strong data to come back. “Bond participants are nervous about this report -- there is possibility that this is going to haunt the market. People are going to be making bets on the report. But it’s likely that a lot of good news is priced into that number,” Larkin says. Read the full article in CNN Money…
Publication: Financial Planning AdvisorTV Date: January 6, 2011 Expert: Les Satlow Abstract: Les Satlow, Cabot Money Management portfolio manager, discusses on Financial Planning AdvisorTV the impact of technology on advisors. “I think RIAs are increasingly embracing mobile technology in a number of ways,” Satlow says. See the full video on Financial Planning AdvisorTV…
Publication: Associated Press Date: January 6, 2011 Expert: Rob Lutts Abstract: Chip Cutter of The Associated Press highlights the expert insight of Cabot Money Management President and CIO Rob Lutts in article about a recent surge in U.S. stocks following positive data regarding retail sales and the economy. Lutts comments on how investors view and respond to unemployment data. “As long as we see a fairly firm indication that jobs are continuing to be added, I think that will please the markets,” Lutts says. Read the full article…
Publication: The Wall Street Journal Date: January 3, 2011 Expert: William Larkin Abstract: Kelli Geressy-Nilson of The Wall Street Journal highlights the commentary of Cabot Money Management fixed-income portfolio manager William Larkin after Warren Buffett’s company filed papers to sell $1.5 billion of its notes. Larkin says the move could change market expectations, as Buffett is a respectable investor. “He’s a very smart man, and others could follow suit,” Larkin says. Read the full article in The Wall Street Journal…
Publication: Reuters Date: December 31, 2010 Expert: William Larkin Abstract: Chris Reese of Reuters interviews Cabot Money Management portfolio manager William Larkin to discuss U.S. Treasury debt prices as the year 2010 comes to a close. Reese asks Larkin to provide his expert insight on what to expect in 2011 in terms of yields. “With QE2 ending in June, it is probably going to be some time in March that people are going to be anticipating that as the first phase of monetary tightening. Taking that big buying scheme out of the system could really hinder Treasuries, and we don't know how high yields could go -- we could see a pop up to 3.75 percent,” Larkin explains. Read the full story on Reuters…
Publication: CNN Money Date: December 30, 2010 Expert: William Larkin Abstract: Hibah Yousuf of CNN Money consults with Cabot Money Management portfolio manager William Larkin for his market outlook in 2011. Yousuf asks specifically about the Federal Reserve’s plans to move interest rates lower by pumping $600 billion into the economy through the purchase of long-term Treasuries. “There's been a lot of criticisms of the Fed’s recent policies, and a lot of people are concerned about how they’re going to transition to neutral and even tighter monetary policy. The market knows there’s a lot of stimulus coming in for the first half of 2011, but they’re looking beyond that,” says Larkin. Read the full story on CNN Money…
Publication: TheStreet.com Date: December 27, 2010 Expert: Rob Lutts Abstract: Joe Mont of TheStreet.com speaks to President and Chief Investment Officer of Cabot Money Management Rob Lutts about investing in Chinese health care companies and the opportunities those companies hold. “It’s like investing in Johnson & Johnson in 1930. They’re all quite exciting, and they’re all growing about 25 or 30 percent. I think that’s going to keep up for many years,” Lutts says. Watch the full video on TheStreet.com…
Publication: TheStreet.com Date: December 27, 2010 Expert: Rob Lutts Abstract: Rob Lutts, president and chief investment officer of Cabot Money Management, shares his knowledge of overseas trading with Joe Mont of TheStreet.com. Lutts offers advice to investors looking overseas and encourages individuals to use a reputable broker that has a foreign desk. “I think the brokers are starting to grow and put more emphasis in these areas. But you still have to be careful,” Lutts says. Read the full article on TheStreet.com…
Publication: CNN Money Date: December 20, 2010 Expert: Rob Lutts Abstract: Rob Lutts, president and chief investment officer of Cabot Money Management, speaks to Hibah Yousuf of CNN Money about the stock market as it closes out 2010 and looks toward 2011. Lutts predicts that with the holidays looming, the market will remain steady through the end of the year. “We’ve had a pretty good move up in the market that now needs to be digested. The market is going through its natural process of backing up a bit. Unless there's any unexpected news, markets should fall into a holding pattern and remain fairly quiet through the holiday period,” Lutts says. Read the full article on CNN Money...
Publication: CNN Money Date: December 20, 2010 Expert: William Larkin Abstract: Julianne Pepitone of CNN Money interviews Cabot Money Management portfolio manager William Larkin regarding Treasury prices, which, after a steady three-day upward trend, began to fall. Larkin speaks not only about how North Korea affects Treasury prices, but also about bond yields, which he says are too low for the average investor. “The bond market is not meeting anyone's financial objectives, unless you're super rich. Those who are already in are staying defensive. And why should new investors jump in? There's not much of an incentive,” Larkin explains. Read the full article on CNN Money…
Publication: CNBC Squawk on the Street Date: December 10, 2010 Expert: Dennis Wassung Abstract: Cabot Money Management portfolio manager Dennis Wassung offers CNBC Squawk on the Street host Mark Haines three technology-based stocks where investors can find future investing opportunities. “One of the key themes we’re focused on now is the next generation of Internet infrastructure technologies. Each of these companies provides infrastructure into the next generation of this Internet,” Wassung says. Watch the full video on CNBC
Abstract: Colin Barr of Fortune speaks with William Larkin, fixed income portfolio manager at Cabot Money Management, about the recent surge in Treasury yields after a disappointing jobs report and news of a tax deal adding to the deficit. "It's appearing we're at the end of this long-term cycle. It's a little bit like getting hit with a bucket of cold water that still has the ice cubes in it," Larkin explains.
Publication: Investor’s Business Daily Date: December 8, 2010 Expert: Dennis Wassung Abstract: Pete Barlas of Investor’s Business Daily speaks with Cabot Money Management portfolio manager Dennis Wassung about two Chinese Web sites, Youku.com and E-Commerce China Dangdang, both of which recently made their U.S. IPOs. Each of the sites did very well, which Wassung believes can be attributed to investors’ pursuit of Chinese online ad and commerce markets. “You seldom see 150 percent moves on the first day. That tells you there is a lot of interest in these names and themes,” says Wassung. Read the full article in Investor’s Business Daily…
Publication: Palm Springs Life Date: December 1, 2010 Expert: Rob Lutts and Les Satlow Abstract: Ellen Paris of Palm Spring Life features the expertise of Cabot Money Management President and Chief Investment Officer Rob Lutts and portfolio manager Les Satlow on investing in precious metals. With the belief that gold will continue to shine Lutts argues, “It’s the only asset class that is not part of the contaminated credit system and is an insurance policy against inflation.” In addition, Satlow suggests investors should begin acquiring a position in gold gradually, with long-term allocation as the goal. Read the full article in Palm Springs Life...
Publication: International Business Times Date: November 24, 2010 Expert: Les Satlow Abstract: International Business Times reporter Palash Ghosh discusses the downgrade of solar energy stocks and what investors can expect of the industry with Cabot Money Management portfolio manager Les Satlow. “We are seeing a very strong increase in supply,” says Satlow who foresees substantial supply growth over the next few years. With such a dramatic increase “the average selling prices (ASPs) are going to suffer a very sharp decline,” he explains. Read the full article in the International Business Times...
Publication: The Wall Street Journal Date: November 18, 2010 Expert: William Larkin Abstract: Fixed income portfolio manager at Cabot Money Management William Larkin lends his insights on the underestimated supply of corporate debt and his thoughts on domestic municipalities with Kellie Geressy-Nilsen of The Wall Street Journal. Larkin advises investors to remain cautious at this time and believes domestic municipalities are making investors nervous. Investor’s anxiety will affect the investment grade space, he says. Read the full article on The Wall Street Journal...
Publication: The Wall Street Journal Date: November 17, 2010 Expert: William Larkin Abstract: Kellie Geressy-Nilsen of The Wall Street Journal features the opinions of William Larkin, fixed income portfolio manager at Cabot Money Management, regarding how to approach the markets and what investors should remain cautious about. In response to investment-grade corporate bonds Larkin says, “You can’t issue bonds to a market that doesn’t want them,” He adds, it is a good time to be in a defensive position while the market is in a “wait and see” mode. Read the full article on The Wall Street Journal...
Publication: CNN Money Date: November 8, 2010 Expert: William Larkin Abstract: William Larkin, fixed income portfolio manager at Cabot Money Management, comments on the Treasury auctions and other economic datapoints intended on providing the market with direction. “We have a lighter economic calendar, but at the end of the week we have retail sales data coming into the all important holiday shopping season, and the G-20,” says Larkin. The G-20 summit will be of special interest to bond investors as member countries will discuss the impact of QE2 and look for clues as to the stability of emerging markets, he explains. Read the full article on CNN Money...
Publication: CNN Money Date: November 5, 2010 Expert: William Larkin Abstract: Julianne Pepitone of CNNMoney speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about falling treasury prices after an upbeat jobs report. “This is a big boost for hopes that we're at least on the recovery side of the economic cycle, even if we're not yet in full-blown recovery mode,” says Larkin of the labor reports unexpected increase. Read the full article on CNN Money...
Publication: Bloomberg Date: November 3, 2010 Expert: William Larkin Abstract: Bloomberg reporter Susanne Walker cites the insights of William Larkin, fixed income portfolio manager for Cabot Money Management, on the largest drop in Treasury 30-year bonds in two months. “The yield curve should start to steepen because the Fed will focus on 5- to 6- years, and the risk once they finish is that inflation will be elevated. There’s a good chance we’ll be rip-roaring in terms of growth and inflation,” Larkin says. Read the full article on Bloomberg...
Publication: Bankrate.com Date: November 2, 2010 Expert: William Larkin Abstract: William Larkin, fixed income portfolio manager for Cabot Money Management, comments on the earnings rates for newly issued I-bonds for Bankrate.com. “When you see yields this low, this is screaming irrational. CPI as a measure of inflation is flawed. It can say there's no inflation when you're getting hammered with inflation, and that indexed component of the I-bond or TIPS is what attracts people,” explains Larkin. Read the full article on Bankrate.com...
Publication: Investor’s Business Daily Date: November 2, 2010 Expert: Dennis Wassung Abstract: Associate portfolio manager for Cabot Money Management, Dennis Wassung, shares his knowledge of national and foreign search engine leaders Baidu and Google with Pete Barlas of Investor’s Business Daily. Several factors have converged in Baidu’s favor, Wassung said. “The market is growing strongly, their product is solid, and on top of that you have Google losing shares directly to Baidu, so that kind of ices the cake a bit for Baidu.” Read the full article in Investor's Business Daily...
Publication: Reuters Date: November 1, 2010 Expert: William Larkin Abstract: Fixed income portfolio manager for Cabot Money Management, William Larkin, offers his opinion on the surprising manufacturing and construction spending data that is causing investors to rethink the size of the Fed’s asset purchase program to Chris Reese at Reuters. “What killed that slight rally we had in the 10-year Treasury note (early on Monday) was the stronger-than-expected ISM manufacturing and construction spending,” says Larkin. Read the full article on Reuters...
Publication: USA Today Date: October 28, 2010 Expert: William Larkin Abstract: Matt Krantz of USA Today looks to William Larkin, fixed income portfolio manager at Cabot Money Management, for advice on the ways investors can save money using alternative forms of investment. Larkin informs individuals not to get rid of all savings accounts for higher-yielding alternatives, but rather “to be very careful.” Read the full article on USA Today...
Publication: CNBC Power Lunch Date: October 27, 2010 Expert: Rob Lutts Abstract: President and CIO of Cabot Money Management Rob Lutts sits down with CNBC’s Power Lunch to discuss whether individual investors can compete against super computers and large institutions. “The average individual should take a long term view and look at the asset classes that offer the best opportunities going forward,” says Lutts. He advises investors to stay away from areas in the “rear view” because the markets are significantly different then of years before, he explains. Watch the full video on CNBC...
Publication: WebCPA Date: October 27, 2010 Expert: Rob Lutts Abstract: Michael Cohn of WebCPA highlights the expertise of Rob Lutts, president and CIO of Cabot Money Management, on why investors are being too cautious and what his company is doing for investors. “Our experience has been that for most clients, they really like having a quarterback, someone that can come in and take the professionals and get the most out of them,” says Lutts. When this is done, we have a much better client relationship, he explains. Read the full article on WebCPA.com...
Publication: Bankrate.com Date: October 26, 2010 Expert: William Larkin Abstract: Sheyna Steiner of Bankrate.com reports on the purchasing decisions of investors when looking at the bond market with William Larkin, fixed income portfolio manager at Cabot Money Management. Larkin recommends investors explore multi-sector bond funds in the current environment. These funds typically invest in different types of bonds as well as varying maturities. "I call it unrestricted investment objective. They're going to be zigging and zagging, trying to find value. People always forget that the bond market is vast and there is always a part of it on sale -- you just have to find the right parts," Larkin says. Read the full article on Bankrate.com...
Publication: TheStreet.com Date: October 25, 2010 Expert: Les Satlow Abstract: Robert Holmes of TheStreet.com discusses investing in green-energy stocks with Les Satlow, portfolio manager at Cabot Money Management. “The green industry's potential is enormous,” Satlow says. He recommends investors be selective in their picks, while understanding that companies' businesses vary widely -- from small modules to large equipment to services. “Investors should be mindful of how each part of the alternative-energy industry has a different cycle,” he adds. Read the full article on TheStreet.com...
Publication: Financial Planning Date: October 25, 2010 Expert: Rob Lutts Abstract: Lee Barney of Financial Planning talks about the potential of the growing emerging markets to outpace the US baby boomer explosion with President and CIO of Cabot Money Management Rob Lutts. “Lower-cost labor is driving capital to these countries and improving standards of living at unprecedented rates. Incomes have risen 10 percent a year for the past two years in China, creating tremendous demands for automobiles, retail goods and healthcare. “And as these needs grow, the infrastructure to deliver the goods needs to be built. “It’s exactly like our Baby Boomer explosion, but it’s 25 times bigger,” Lutts says. Read the full article on Financial Planning...
Publication: CNBC “Squawk on the Street” Date: October 22, 2010 Expert: Rob Lutts Abstract: Mark Haines of CNBC Squawk on the Street sits down with Rob Lutts, President and CIO of Cabot Money Management, to discuss his views on the market and where it is most beneficial to invest. Lutts explains he has a strong interest in global research, particularly China and India, and emerging markets in general. “Some companies in those areas will grow 10 to 20 fold over the next 20 years,” says Lutts. Watch the full video on CNBC...
Publication: Reuters Date: October 20, 2010 Expert: Rob Lutts Abstract: President and CIO of Cabot Money Management, Rob Lutts is featured in an article about the current economic climate and what to expect in the future by Rodrigo Campos of Reuters. "The focus today will be on earnings and guidance. What you need now out of earnings is (corporate) expectations to be raised," says Lutts. However, he added that he is "not sure many executives will stick out their neck and make investors feel the future will be better." Read the full article on Reuters...
Publication: CNN Money Date: October 19, 2010 Expert: Rob Lutts Abstract: Hibah Yousuf of CNN Money discusses the increased interest rates in China with CIO and President of Cabot Money Management Rob Lutts. Lutts says there is no cause for concern and the markets just needed a reason to rest. “China's real estate values are hot, so they're putting a barrier in front of them. But I see it as a normal part of the economic recovery. The markets have been rallying for about 8 weeks, so it's not unusual to see them retreat between 2 percent and 5 percent -- and China's rate hike is a good excuse to reap profits," he adds. Read the full article on CNN Money...
Publication: Bloomberg Date: October 15, 2010 Expert: William Larkin Abstract: Tim Catts of Bloomberg speaks with William Larkin, fixed income portfolio manager at Cabot Money Management, about current market issues. “At these prices, there are embedded risks of a change in market psychology. We’ve had such huge returns in the corporate bond market that it’s led to a herd mentality,” says Larkin. Read the full article on Bloomberg...
Publication: Financial Times Date: October 14, 2010 Expert: Rob Lutts Abstract: Rob Lutts, president and CIO of Cabot Money Management, lends his insight into the rise in Asian stocks amid robust commodity prices, and hopes for further upbeat earnings announcements. On the topic of the Shanghai Composite index, Lutts says the index – already in a bull market – may add a further 20 percent in the next six months. Read the full article on Financial Times...
Publication: CNBC The Call Date: October 14, 2010 Expert: Dennis Wassung Abstract: Larry Kudlow of CNBC’s Squawk on the Street sits down with Portfolio manager Dennis Wassung of Cabot Money Management to discuss inflation in the commodities sector and where to best invest. Wassung believes it is “prudent for investors to be in gold” at this time, which he sees will continue to remain positive, as well as nickel and platinum. In response to what might disturb the commodity surge, “if we have a global macro economic recovery that fails,” says Wassung. Watch the full video on CNBC...
Publication: Bloomberg Date: October 14, 2010 Expert: Rob Lutts Abstract: Reinie Booysen of Bloomberg discusses the liquidity wave taking place in China’s markets with president and CIO of Cabot Money Management Robert Lutts. With strategists growing positive on China’s stocks, they are looking to extend their rally. Lutts describes China’s stocks as being in a “solid bull market” and the nation’s indexes may continue to rise in the near future. “I like the growth in the economy, I like valuations and I think profitability will be very strong. I now have a large weighting in China,” says Lutts. Read the full article on Bloomberg...
Publication: Bloomberg Date: October 12, 2010 Expert: William Larkin Abstract: Susanne Walker and Cordell Eddings of Bloomberg reports on inflation expectations from fixed-income portfolio manager, William Larkin of Cabot Money Management. “The market assumed that quantitative easing was a done deal. This confirms it was a done deal, but much of it was already priced in, so we’re seeing some selling,” says Larkin. Read the full article on Bloomberg...
High returns might not continue in corporate bond market Publication: CNN Money Date: October 8, 2010 Expert: William Larkin Abstract: Charles Riley of CNNMoney talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, on the risks of investing in bonds. When looking at the market’s current situation Larkin says it is, “really expensive and historically that’s when you lose money. The existing trend is we are going to be getting better economic indicators, and as we start to make this turn, we are in front of this huge deluge of information and the market is nervous," says Larkin. Read the full article on CNN Money...
SEPTEMBER 2010
Publication: CNN Money
Date: September 30, 2010
Headline: Treasury yields inch higher on upbeat economic news
Abstract: Hibah Yousuf of CNN Money looks to William Larkin, fixed-income portfolio manager at Cabot Money Management, for his insight on the recent rise of Treasury yields due to reports that indicated a stronger-than-expected economy. "We saw an initial sell-off after the stronger-than-expected economic data, but some investors have since come back to Treasurys as concerns about sovereign debt issues in Europe remain," says Larkin.
Publication: Bloomberg Date: September 29, 2010 Headline: Treasuries fall as Fed officials question quantitative easing Expert: William Larkin Link: http://bit.ly/c50HT9 Abstract: Susanne Walker and Daniel Kruger of Bloomberg talk with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the Fed’s auction of seven-year notes and treasury losses. “It was a healthy auction. There’s uncertainty, and people don’t know the direction of the economy,” says Larkin.
Publication: BusinessWeek Date: September 28, 2010 Headline: Emerging market debt funds gain allure Expert: William Larkin Link: http://bit.ly/9AioVt Abstract: David Bogoslaw of BusinessWeek turns to William Larkin, fixed-income portfolio manager at Cabot Money Management, to discuss the appeal of emerging markets and funds that use emerging market strategies. Larkin sees these funds as “more of a total return mechanism."
Publication: Bloomberg Date: September 23, 2010 Headline: Microsoft binds rise in trading debut on top-rated debt demand Expert: William Larkin Link: http://bit.ly/a2jyyl Abstract: Lisa Abramowicz of Bloomberg speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about investor have a high demand for Microsoft Corp. top-rated corporate debt. The company’s debt is “almost Treasury like” in its lack of risk, says Larkin.
Publication: USA Today Date: September 21, 2010 Headline: Buying bonds: Be prepared to cover the spread Expert: William Larkin Link: http://usat.ly/cvS2nt Abstract: Matt Krantz of USA Today talks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the difference that exists in the spread of municipal bonds. The spread is the difference between the purchasing price of an asset and its selling price. “Municipal bonds tend to have larger spreads than most other bonds because they're not traded as regularly,” says Larkin.
Publication: TheStreet.com Date: September 20, 2010 Headline: Best growth companies in growing industries Expert: Dennis Wassung Link: http://bit.ly/aJXrSo Abstract: Robert Holmes of TheStreet.com speaks with Dennis Wassung, portfolio manager at Cabot Money Management, about the appeal of companies that hold a theme of strong secular growth. “By looking at growth themes, you can pick companies that have great growth opportunities in front of them. Rather than owning the S&P 500, following this theme of finding growth winners will benefit you over the long term. Now is your chance at good returns. We're still significantly below the peak of the market, so as we get back to those highs, you have a great opportunity to see growth,” says Wassung.
Publication: CNN Money Date: September 16, 2010 Headline: Long-term Treasury yields move higher Expert: William Larkin Link: http://bit.ly/br1doG Abstract: Hibah Yousuf of CNN Money sits down with William Larkin, fixed-income portfolio manager at Cabot Money Management, to discuss recent investor optimism about an economic recovery and the safety of long-term Treasury bonds in this environment. “The recent wave of economic news is indicating that the global economy may be on the other side of the recession. Holding longer-term Treasurys in that environment is riskier, which is why those are taking more of a hurt than the short-term notes. The biggest risk to the Treasury market is a recovery with employment growth, and though we're not quite there yet, it's not an unforeseen possibility,” says Larkin.
Publication: CNN Date: September 8, 2010 Headline: Stocks end higher after Obama speech Expert: William Larkin Link: http://bit.ly/aIz6i7 Abstract: Julianne Pepitone of CNN looks to William Larkin, fixed-income portfolio manager at Cabot Money Management, for his insight on the bond market and how easily economic reports can provoke the market to move. “We're at an inflection point, and Treasurys are the needle that's swinging back and forth in this mixed picture,” says Larkin.
Publication: Barron’s Date: September 8, 2010 Headline: An insurance stock pegged to China’s growth Expert: Rob Lutts Link: http://bit.ly/cPQIxv Abstract: Teresa Rivas of Barron’s speaks with Rob Lutts, CIO of Cabot Money Management, about China’s insurance market and the insurance holding company CNinsure. The company has been developing insurance and financial services companies in China for more than a decade, and has the ability to grow considering China's rapidly expanding middle class that will turn to insurance for many of its big purchases. Although CNinsure’s stock has recently experience weakness, Lutts says that it is “poised to perform again.”
Publication: Fortune Date: September 3, 2010 Headline: Bracing for Treasury turbulence Expert: William Larkin Link: http://bit.ly/aXNlaG Abstract: Colin Barr of Fortune discusses the bond market and the recent move of investors from stocks to safer looking investments with William Larkin, fixed-income portfolio manager at Cabot Money Management. As treasury yields fall to new lows, the economy seems weaker than it actually is. “I'm really surprised people are committing capital at these levels. In terms of a lending arrangement, it doesn't make sense for investors to be committing funds for 10 years at 2.6 percent,” says Larkin.
AUGUST 2010
Publication: CNNMoney Date: August 26, 2010 Headline: Economy slowing to a crawl – or a halt? Expert: Rob Lutts Link: http://bit.ly/djUzcy Abstract: Paul La Monica of CNNMoney looks to Rob Lutts, CIO and president of Cabot Money Management, for his insight on the slowing of the recovery and a lower GDP figure than originally predicted. Although the second-quarter GDP remains low, third and fourth quarter GDP figures may come in strong due to the holiday shopping season. “In terms of where the economy heads from here, it's all about the consumer. It's going to be a gradual, grinding, frustrating recovery. It won't be horribly bad but it's not going to be as good as people want,” says Lutts.
Publication: Bankrate.com Date: August 25, 2010 Headline: Negative returns on bonds Expert: William Larkin Link: http://bit.ly/aLHbkS Abstract: Sheyna Steiner of Bankrate.com speaks with William Larkin fixed-income portfolio manager at Cabot Money Management, about the low yields on bonds and their negative returns. Today’s inflation rate coupled with today’s yields leads to negative returns and a decrease in purchasing power over time. Larkin believes there is little relative value to be found in bonds in today’s environment. “If we look at the parts of the market that are under the long-term inflation rate, for instance the U.S. Broad Market, 1 to 3 years (an index) is yielding 1.6 percent. So that means that a good portion of the bond market is likely to return, in real terms, inflation-adjusted negative returns -- unless deflation really kicks in,” says Larkin.
Publication: WBZ Radio Date: August 25, 2010 Headline: Analyst: Now is time to buy, despite shaky economic news Expert: Rob Lutts Link: http://bit.ly/bI7zi4 Abstract: Anthony Silva of WBZ Radio sits down with Rob Lutts, CIO and president of Cabot Money Management, to discuss reasons why this may be the time to invest in the stock market over pulling money out of it. “Investors are abandoning traditional investment ideas of investing invest both for growth and for safety and security. By taking their money out of equity and putting it solely in bonds, investors are abandoning any possibility of growth and of performance better than that of low fixed income returns, so I think it’s a mistake. Investors should look at equities today as an opportunity,” says Lutts.
Publication: Bloomberg Date: August 19, 2010 Headline: BHP $45 billion debt tests limits of recovery: Credit markets Expert: William Larkin Link: http://bit.ly/cseqU4 Abstract: John Glover of Bloomberg talks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the credit-market rally which has pushed corporate bond yields to record lows. “Yields have gotten so low that a lot of professionals are questioning the viability of the run-up in bond pricing. I look at bonds and don’t see how they could get more expensive,” says Larkin.
Publication: Bloomberg Date: August 19, 2010 Headline: Mueller Water plans high-yield bond in ‘expensive’ market: New issue alert Expert: William Larkin Link: http://bit.ly/c57KGx Abstract: Katie Evans of Bloomberg discusses Mueller Water Products Inc’s plan to sell high-yield corporate bonds as well as the current state of the bond market with William Larkin, fixed-income portfolio manager at Cabot Money Management. Larkin believes buying in this market may not be the best decision. “It’s very likely that we’re going to start to see improving economic data towards the end of the year and into next, and you want to position yourself accordingly. Buying in this market is a little dangerous,” says Larkin.
Publication: Bloomberg Date: August 16, 2010 Headline: Obama wins low yield as markets shrink aiding deficit Expert: William Larkin Link: http://bit.ly/c2XwjL Abstract: Susanne Walker of Bloomberg talks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about bond investors who are seeking top-rated securities face fewer alternatives to Treasuries, and allowing President Obama to sell debt at lower rates to finance a $1.47 trillion deficit. Larkin says the deficit is “very inexpensive relative to the debt we have. That means if the Treasury is going to borrow money, I’d rather them borrow it now, at a cheaper level for longer.”
Publication: The Wall Street Journal Date: August 14, 2010 Headline: Corporate bond rally killers Expert: William Larkin Link: http://bit.ly/cQIaJu Abstract: Ben Levisohn of The Wall Street Journal discusses investors who are finding value in the credit spectrum, which can offer value for those wary of the rich prices for higher-grade bonds with William Larkin, fixed-income portfolio manager at Cabot Money Management. "These bonds are cheaper because fewer people are seeking them. If the economy starts to recover the low investment-grade yields will look silly," Larkin says.
Publication: The Wall Street Journal Date: August 13, 2010 Headline: Unica surges; Red Robin shot down Expert: Rob Lutts Link: http://bit.ly/dxxFdJ Abstract: Steven Russolillo of The Wall Street Journal talks with Rob Lutts, CIO and president of Cabot Money Management, about investors continued worries about the economic recovery. "Investors are in the bunker today, and they're hiding. Investors are very wary of risk today. This is symptomatic of where we are in the economic cycle. There's no doubt about it, the economy is not in fast drive," Lutts says.
Publication: CNN Money Date: August 13, 2010 Headline: 10 year yield hits 16-month low Expert: William Larkin Link: http://bit.ly/cX33YP Abstract: Blake Ellis of CNN Money speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the 10-year yield hitting a 16-month low as worries about an economic slowdown lingered and investors remained cautious. "The belief that we're in this stagnating growth phase, which is based on the idea that higher taxes and more uncertainty are going to limit growth, makes the Treasury market a lot more attractive," said Larkin.
Publication: CNBC Squawk on the Street Date: August 6, 2010 Headline: Big plays in small caps Expert: Les Satlow Link: http://bit.ly/czmlXH Abstract: Mark Haines of CNBC Squawk on the Street talks with Les Satlow, portfolio manager at Cabot Money Management, about his small cap picks. "You always want to have a certain proportion of your asset allocation in the small cap space. This allows you to identify very narrow investment themes and find pure plays in the small cap space that you can't find among most large caps." Satlow says.
Publication: Bloomberg Businessweek Date: August 5, 2010 Headline: U.S. stocks retreat on unexpected increase in jobless claims Expert: Rob Lutts Link: http://bit.ly/d6uTy3 Abstract: Elizabeth Stanton of Bloomberg Businessweek turns to Rob Lutts, CIO of Cabot Money Management, for his insight on the effect of the labor market and the recent decline in U.S. stocks on the economic recovery. "People are worried that the economy is going to slide back into negative growth, which would make it much more challenging to keep the earnings up. What we are seeing is spending on capital, which is going to eventually result in hiring, but it's going to take some time," says Lutts.
Publication: Reuters Date: August 2, 2010 Headline: BP hopes to 'kill' well as SEC probes trading Expert: Rob Lutts Link: http://bit.ly/aaUKw1 Abstract: Rachelle Younglai and Kristen Hays of Reuters talk with Rob Lutts, CIO of Cabot Money Management, about the SEC investigation for insider trading of BP stock and BP's attempt to permanently stop the flow of oil into the Gulf. "BP can do no right by anybody and the U.S. government today -- it's not surprising they're trying to throw the whole book at BP for anything they can," says Lutts. "Investors are focused on BP's 'static kill' attempt. The stock has rallied since they may finally have a 'cap' to their problems. Now if we get a permanent fix, shareholders will be much more pleased going forward."
Publication: Reuters Date: August 2, 2010 Headline: Analysis: Waning inflation views redraws bond market bets Expert: William Larkin Link: http://bit.ly/c7fUwa Abstract: John Parry of Reuters speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the expected muted inflationary environment. Larkin is among those preparing for the possibility inflation will rise due to the trillions of dollars of government issued debt during the financial crisis. Larkin is interested in step-up bonds which "are a good hedge against inflation if inflation and interest rates start to rise, provided the issuer has not called or redeemed the security by then," he says.
JULY 2010
Publication: Bankrate.com Date: July 30, 2010 Headline: Can bonds replace CDs? Expert: William Larkin Link: http://bit.ly/a4iRM8 Abstract: Sheyna Steiner of Bankrate.com sits down with William Larkin, fixed-income portfolio manager at Cabot Money Management, to discuss moving investments from CDs to corporate bonds as CD rates have hit record lows. Larkin suggests focusing on mega-brand companies to mitigate the risk of default. "Some of these companies probably have the most cash that they've had in a long time which should make bond holders more comfortable. And they have market positions that are dominant. We're talking about low-risk investments," says Larkin.
Publication: Bloomberg Businessweek Date: July 29, 2010 Headline: Treasury yields near week's low on concern growth Is slowing Expert: William Larkin Link: http://bit.ly/bjCsqf Abstract: Wes Goodman of Bloomberg Businessweek talks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the current appeal of fixed-income securities in light of reports indicating a softer outlook for economic growth. "People are looking at safety. The fear trade is still alive and well,' says Larkin.
Publication: New York Times Date: July 28, 2010 Headline: Shares fall as data says the economy is weakening Expert: William Larkin Link: http://nyti.ms/bt0jgc Abstract: The New York Times features Fixed-Income Portfolio Manager William Larkin's conversation with Wes Goodman of Bloomberg Businessweek. Larkin speaks about the current appeal of fixed-income securities after reports indicating a softer outlook for economic growth were released. "People are looking at safety. The fear trade is still alive and well," says Larkin.
Publication: Bankrate.com Date: July 28, 2010 Headline: Currency-linked CDs: too good to be true? Expert: William Larkin Link: http://bit.ly/cnQZmV Abstract: Sheyna Steiner of Bankrate.com looks to William Larkin, fixed-income portfolio manager at Cabot Money Management, for his insight on indexed CDs. CDs are complicated as there are hidden commissions, are expensive to trade, and require money to remain tied up until maturity. Larkin suggests "a better way to invest in currency might be through mutual funds or ETFs. Currency falls under alternatives because it's not correlated to stocks and bonds, it does have a lot less volatility than an emerging markets fund, both debt and equity."
Publication: Bloomberg Date: July 26, 2010 Headline: Anadarko leads energy bonds in biggest gains as BP rallies: Credit markets Expert: William Larkin Link: http://bit.ly/bVeRtB Abstract: John Glover and Kate Haywood of Bloomberg sit down with William Larkin, fixed-income portfolio manager at Cabot Money Management, to discuss the advance of energy bonds in the wake of BP capping the oil previously spewing into the Gulf, and the higher demand for petroleum in the global economic recovery. "I looked at BP and said this is a great opportunity, it's really suited to a high-risk portfolio. There's a whole spectrum of different energy companies which are crucial to the economy now that event risk is priced into the market place," says Larkin.
Publication: CNBC.com Date: July 23, 2010 Headline: Prep your portfolio for next week: strategists Expert: Dennis Wassung Link: http://bit.ly/aZb1Xw Abstract: JeeYeon Park of CNBC.com speaks with Dennis Wassung, portfolio manager at Cabot Money Management, about his stock picks. One pick he shares is Acme Packet. "Mobile data is the secular growth theme. One of the key ways to play in the technology space is the infrastructure required to take care of these massive demands on mobile data, from things like iPad, iPhone, and the new android phones" says Wassung.
Publication: CNBC "Squawk on the Street" Date: July 23, 2010 Headline: The Friday trade Expert: Dennis Wassung Link: http://bit.ly/anH0xW Abstract: Mark Haines of CNBC Squawk on the Street turns to Dennis Wassung, portfolio manager at Cabot Money Management, for his insight on what investors should be buying and selling before the week ends. "Retail is a sector that has been punished more since the market peaked in April. There is a sentiment shift here as people are worried about the consumer in the second half of the year. I think the consumer is going to be resilient, the economic data will support the market moving higher and retail will perform well," says Wassung.
Publication: Investor's Business Daily Date: July 21, 2010 Headline: Baidu profit, sales beat expectations; market share rises Expert: Rob Lutts Link: http://bit.ly/bikcUp Abstract: Pete Barlas of Investor's Business Daily speaks with Rob Lutts, CIO of Cabot Money Management, to discuss how Baidu has gained market share in China as its most direct competition, Google, has struggled with censorship issues. "We're hearing that lots of (advertisers) are putting all of their new projects into Baidu's camp rather than Google. Google had a very confusing message to the public," says Lutts.
Publication: MSN Money Date: July 20, 2010 Headline: What's Facebook really worth? Expert: Dennis Wassung Link: http://bit.ly/cx6rCE Abstract: Michael Brush of MSN Money discusses the possibility of Facebook going public and whether buying would be a good idea with Dennis Wassung, portfolio manager at Cabot Money Management. Wassung compares Facebook to Tencent, the publically traded social-networking site of China worth $32 billion. Facebook may be worth a similar amount as the popularity of the site increases. "People are really shifting to sites like Facebook and Tencent in China. They are really changing the way they are using the Internet," says Wassung.
Publication: The Bond Buyer Date: July 16, 2010 Headline: BAB spreads blast outward Expert: William Larkin Link: http://bit.ly/dkIcA5 Abstract: Dan Seymour of the Bond Buyer discusses the slowing of investor acceptance of Build America Bonds as well as their recent increase in spread and yield rates with William Larkin, fixed-income portfolio manager at Cabot Money Management. Larkin says a number of things are keeping BAB spreads at higher rates. The elevated rates are fine by him because he is a buyer at these yields. Larkin believes bad press, poor disclosure, and the uncertain renewal of the programs are some reasons keeping buyers out of the market.
Publication: Reuters Date: July 15, 2010 Headline: Gold largely flat on U.S. data Expert: Rob Lutts Link: http://bit.ly/crIFXQ Abstract: Frank Tang of Reuters looks to Rob Lutts, CIO of Cabot Money Management, for his insight regarding the probability of gold prices increasing in the long term following economic concern among institutional investors. "In the end, profit-sharing plans, 401(k) (retirement plans) and larger institutions like Calpers would be allocating larger amount to gold than they are today," says Lutts.
Publication: The Boston Globe Date: July 15, 2010 Headline: Some turning to law firms to invest funds Expert: William Larkin Link: http://bit.ly/d8Oagh Abstract: Kit Chellel of the Boston Globe discusses the recent trend of wealthy New Englanders trusting their investments to be managed by law firms as opposed to traditional brokers and financial institutions with William Larkin, fixed-income portfolio manager at Cabot Money Management. Larkin says many wealthy individuals took their money out of big investment firms after the wake of the banking crisis. "People were looking for solutions. They were afraid of going into the market, and they were a bit wary of the likes of Goldman Sachs, Merrill Lynch, and Morgan Stanley," says Larkin.
Publication: Associated Press Date: July 14, 2010 Headline: Stocks are mixed after weaker Fed economic outlook Expert: Rob Lutts Link: http://bit.ly/bWCaOi Abstract: Stephen Bernard of the Associated Press speaks with Rob Lutts, CIO of Cabot Money Management, about the Federal Reserve's recent report indicating a weaker economic forecast. Lutts acknowledges the Fed's statement contains no real surprises, yet investors remain cautious due to last week's rally and because many corporate earnings reports remain ahead. "It's been a very strong last three or four days. And at this point valuations are a little higher and a little more of a challenge," he says.
Publication: Reuters Date: July 13, 2010 Headline: WRAPUP 6-BP to test new cap to stem oil flow, US shares recover Expert: Rob Lutts Link: http://bit.ly/d4M9OX Abstract: Kristen Hays of Reuters talks with Rob Lutts, CIO of Cabot Money Management, about BP's two most recent moves affecting their market price. BP's announcement that they plan to sell some non-core assets to help pay for the clean up, and their current attempt to stop the flow of oil leaking into the Gulf have lead to a marginal increase in their stock price, currently selling at $36.88 in the US. "Let's not forget the stock was $28 six or seven days ago. It was overbought shorter term relative to the potentially improving fundamental situation," Lutts says.
Publication: Bloomberg Date: July 10, 2010 Headline: Treasuries tumble, pushing up 10-year note yields by most in three months Expert: William Larkin Link: http://bit.ly/9H6ALM Abstract: Susanne Walker and Daniel Kruger of Bloomberg look to William Larkin, fixed-income portfolio manager at Cabot Money Management, for his insight regarding the recent move of hedge-fund managers from a net-long position to a net-short position in US commodity futures. "Gauging a recovery is difficult. Things always improve, but it's the timing that's the hard part," says Larkin.
Publication: The Salem News Date: July 7, 2010 Headline: Q&A: Economist Lutts weighs spending vs. saving Expert: Rob Lutts Link: http://bit.ly/aJzV7b Abstract: Alan Burke of the Salem News sits down with Rob Lutts, CIO of Cabot Money Management, to discuss government involvement in the economy and the differing economic philosophies of spending and saving. "A lot of economists believe that the government should help the economy get off the ground. When we get in a recession government should act. They believe you spend and get into deficit and then you create jobs. And then you pay down the deficit and everything's fine," says Lutts.
Publication: Bloomberg BusinessWeek Date: July 3, 2010 Headline: Nasdaq-100 Index posts record losing streak as Microsoft slumps Expert: Rob Lutts Link: http://bit.ly/9VS6Rt Abstract: Lu Wang and Rita Nazareth of Bloomberg discuss the recent downward trend of technology companies and their impact on the Nasdaq-100 Index with Rob Lutts, CIO of Cabot Money Management. "We're in a psychological bear market. The recent economic setback is significant," and investors are preparing for companies to lessen their forecasts in the upcoming weeks, Lutts says.
Publication: BusinessWeek Bloomberg Date: July 2, 2010 Headline: Wal-Mart, Delta sell debt as issuance falls in ‘nervous’ market Expert: William Larkin Link: http://bit.ly/diouud Abstract: Tim Catts of Bloomberg speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about Wal-Mart paying 53 basis points more than similar-maturity Treasuries on its notes due in 2015, compared with the 45 basis point spread it received when it sold $750 million of five-year debt as part of its $2 billion offering in March. “Wal-Mart just happens to be an extremely financially strong company, and they’re doing what a lot of financially strong households will be doing, and that’s refinancing their mortgages,” says Larkin.
Publication: CNBC Street Signs Date: July 1, 2010 Headline: Summer Stock Picks Expert: Rob Lutts Link: http://bit.ly/b5tZEa Abstract: Erin Burnett of CNBC Street Signs sits down with Rob Lutts, CIO of Cabot Money Management, to discuss the best investment opportunities as the markets enter the second half of 2010. Lutts suggests investors consider HDFC Bank, a top performing, private sector bank in India. "India's economy looks every solid, and this is a great way to play that growth in their economy. It will experience about 6-8% growth in the next few years," he adds.
JUNE 2010
Publication: MarketWatch Date: June 29, 2010 Headline: LatAm stocks hit as investors fret about global growth Expert: RobLutts Link: http://bit.ly/dzhpUK Abstract: Carla Mozee of MarketWatch discusses the uncertainty felt over the strength of the global recovery process with Robb Lutts, CIO and president of Cabot Money Management. The “data that I look at continues to be very constructive. Auto sales, retail, travel statistics continue to be healthy and brisk, and indicate that the data is not forecasting a dramatic slowdown,” says Lutts regarding his belief in the unlikelihood of a double-dip recession occurring.
Publication: Bloomberg Businessweek Date: June 24, 2010 Headline: Fees exceed maximum yields on 'Black Box' reverse convertibles Expert: William Larkin Link: http://bit.ly/aMxp7G Abstract: Zeke Faux of Bloomberg Businessweek speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about his views on investing in reverse convertibles, which generally pay a higher interest rate than corporate bonds and include risky down-and-in options. "That interest rate is going to instantly get my attention. But if I buy a bond, I'd rather get a fixed rate for a fixed term, rather than buying a black box with different contracts," says Larkin.
Publication: CNNMoney.com Date: June 15, 2010 Headline: Treasurys fall as euro strengthens Expert: William Larkin Link: http://bit.ly/ctjAzf Abstract: Hibah Yousuf of CNNMoney speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the impact of a strengthening euro and anticipated economic reports on investor appetite. "We have a heavy economic calendar this week, and there's still a lot of uncertainty and volatility embedded in the marketplace. We have traders on both sides trying to calculate a direction for the markets," says Larkin.
Publication: Wall Street Journal Date: June 14, 2010 Headline: Alternative Investing Expert: William Larkin Link: http://bit.ly/9bMwo7 Abstract: Gregory Zuckerman of The Wall Street Journal discusses how investors can buy bonds from nations with strong growth outlooks and limited debt with William Larkin, fixed-income portfolio manager at Cabot Money Management. "The best method to gain access to these specific markets is either through exchange-traded funds, mutual funds or closed-end mutual funds," says Larkin.
Publication: Bloomberg Businessweek Date: June 11, 2010 Headline: Corporate Bond Sale Slump in U.S., Rise in Europe (Update 1) Expert: William Larkin Link: http://bit.ly/bqb82w Abstract: Craig Trudell and Caroline Hyde of Bloomberg Businessweek speak with William Larkin, fixed-income portfolio manager at Cabot Money Management, about Europe's debt crisis and the lower-than-estimated US job growth, which have fueled investor skepticism over the economic recovery. "You've got investors changing their minds very rapidly, and that's never a great indication of economic health. We have a bond market that's extremely expensive, and that combination makes people like myself nervous," Larkin says.
Publication: Bloomberg Businessweek Date: June 10, 2010 Headline: Financial Stocks: Why the Rebound Has Stalled Expert: Rob Lutts Link: http://bit.ly/b3ZUrc Abstract: Ben Steverman of Bloomberg Businessweek speaks with Rob Lutts, CIO and president of Cabot Money Management, about the impact of the upcoming financial reform on Wall Street. Many investment managers are avoiding the financial sector as it is difficult to predict what will be in the bill and how the bill will be implemented. "For the average bank, I don't think it will have a huge impact," says Lutts, who is buying financial stock.
Publication: FOXBusiness Date: June 9, 2010 Expert: Rob Lutts Link: http://bit.ly/bTD4iT Abstract: Cheryl Casone of FOXBusiness sits down with Rob Lutts, CIO and president of Cabot Money Management, to discuss the need for investors to allocate a larger portion of their portfolios to emerging economies. "These countries are really profitable, in most instances most individuals don't appreciate that the profit margins of many of these emerging market countries are double those of the U.S.," says Lutts.
Publication: The Salem News Date: June 9, 2010 Headline: Pozen poses ways to fix our ailing financial system Expert: Rob Lutts Link: http://bit.ly/cghnWz Abstract: Ethan Forman of the Salem News talks with Rob Lutts, CIO and president of Cabot Money Management, about author Robert Pozen's proposed ideas to fix the U.S. financial system, including targeting tax credits for job creation and limiting the growth of budget deficits. "I'm going to read his book. I wish the people in Washington could listen to those ideas," says Lutts.
Publication: CNN Money Date: June 4, 2010 Headline: Treasurys lifted by jobs report, euro zone worries Expert: William Larkin Link: http://bit.ly/9QHLHy Abstract: Blake Ellis of CNNMoney discusses how the euro’s weakness, coupled with the disappointing jobs report, raised Treasury prices with William Larkin, fixed-income portfolio manager at Cabot Money Management. “We had all this economic momentum, and things had been improving, but we've come into this rough spot recently with such market turbulence. The best option right now is a flight to quality, which is to either U.S. Treasurys or the U.S. dollar,” says Larkin.
Publication: US News and World Report Date: June 3, 2010 Headline: Mutual fund fees: How much is too much to pay? Expert: Rob Lutts Link: http://bit.ly/aMOu4I Abstract: Katy Marquardt of US News and World Report discusses what people should look for when comparing expense ratios of mutual funds with Rob Lutts, CIO of Cabot Money Management. “If [expenses are] higher than 2 percent, you should probably be finding a new provider,” says Lutts.
MAY 2010
Publication: Wall Street Journal Date: May 29, 2010 Headline: Russell 2000 posts its worst May but is up in 2010 Expert: Rob Lutts Link: http://bit.ly/aLFccY Abstract: Kristina Peterson of the Wall Street Journal talks with Rob Lutts, CIO and president of Cabot Money Management, about the 7.67 percent drop in the Russell 2,000 in May due in large part to euro-zone worries. "Prior to the May 6 plunge, expectations were fairly positive and lots of rosy thinking prevailed. What's happened in Europe and the focus on Greece and Spain have changed that," says Lutts.
Publication: CNN Money Date: May 21, 2010 Headline: Treasury yields bounce back Expert: William Larkin Link: http://bit.ly/b5YbSD Abstract: Hibah Yousuf of CNN Money talks with William Larkin, fixed income portfolio manager at Cabot Money Management, about the impact of the European debt crisis on U.S. government securities. “As Europe focuses to address its spending and debt issues, investors' fears about deflation are rising and their uncertainty will feed into the Treasury market,” says Larkin.
Publication: Reuters Date: May 21, 2010 Headline: Goldman shares rise on false SEC settlement rumor Expert: William Larkin Link: http://bit.ly/cMEN1f Abstract: Clare Baldwin of Reuters interviews William Larkin, fixed income portfolio manager at Cabot Money Management, for this opinion on the Goldman Sachs shares rising due to a false rumor. Larkin asserts that Goldman’s stock has been oversold. “Goldman has been oversold, and the bonds have been widening pretty substantially the last couple days,” Larkin said.
Publication: Bankrate.com Date: May 19, 2010 Headline: Advantages and pitfalls of CDs Expert: William Larkin Link: http://bit.ly/d6NoDn Abstract: Sheyna Steiner of Bankrate.com turns to William Larkin, fixed income portfolio manager at Cabot Money Management, for his insight on certificates of deposit in current markets. "Many of the corporate bond investments, short-term, high-grade, have done very well and the returns are two to three times (that of Treasuries and CDs) so if you look at the risk that is a risk worth taking in this market,” says Larkin.
Publication: Bloomberg Date: May 14, 2010 Headline: Morgan Stanley, Citigroup sell debt as bank insurance returns Expert: William Larkin Link: http://bit.ly/bZ23ow Abstract: Craig Trudell of Bloomberg speaks with William Larkin, fixed income portfolio manager at Cabot Money Management, about the biggest increase of sales of US corporate bonds in 2010. Bank issuance surged because of rising investor appetite for safe assets and financial companies’ needs to refinance debt maturing in the short term, says Larkin. “Market conditions are perfect for banks because the yield curve favors them. With the recent turmoil in Europe, we’re likely going to be in a sustained low-yield environment and continue to see voracious appetite for the safety of fixed income,” he adds.
Publication: Bloomberg Date: May 13, 2010 Headline: US stocks fall, led by banks on bond investigation Expert: Rob Lutts Link: http://bit.ly/a52XHJ Abstract: Bloomberg’s Elizabeth Stanton turns to Cabot Money Management’s CIO and president Rob Lutts for his input on the “flash crash” in early May when the market plummeted nearly 1,000 points in just minutes. “We’re probably in a trading range until there is more guidance from companies that will move up to a substantially higher level of earnings. We’re not seeing that from many companies,” says Lutts.
Publication: US News and World Report Date: May 13, 2010 Headline: 7 valuable lessons for investors Expert: Rob Lutts Link: http://bit.ly/9U0Vvh Abstract: Katy Marquardt from US News and World Report speaks with Rob Lutts, CIO and president of Cabot Money Management, about important and timeless lessons for all investors keep in mind. Lutts says if your portfolio leans heavy on the S&P 500 index it is time to revisit your choices. “A lot of investors don't think about change. Some are just investing in everything that's big, and big is not always great. Globally, there's a new growth generator in our economy. It's not the U.S. and Europe anymore; it's emerging economies,” says Lutts.
Publication: CNBC “The Call” Date: May 10, 2010 Headline: Alternative energy investing Expert: Les Satlow Link: http://bit.ly/clWptU Abstract: Les Satlow, portfolio manager at Cabot Money Management, is featured on CNBC The Call to provide his insight on alternative energy investing. Satlow says there is long-term growth for solar stocks even if oil prices reach fifty dollars. He also offers that the more U.S. government legislation would propel stocks higher if the incentives were there.
Publication: Associated Press Date: May 9, 2010 Headline: Investors' resolve tested by plunge, European debt Expert: Rob Lutts Link: http://bit.ly/9Pz2Vf Abstract: Dave Carpenter of the Associated Press looks to Rob Lutts, CIO and president of Cabot Money Management for his input regarding market turbulence after Wall Street tumbled nearly 1,000 points in only a few minutes. "Nerves are frayed and fragile and exposed right now. The market is under the control of the short-term investor. Longer-term investors are sitting on the sidelines," says Lutts.
Publication: CNNMoney Date: May 6, 2010 Headline: Goldman braces for shareholder fury Expert: Les Satlow Link: http://bit.ly/apVhhM Abstract: Dave Ellis of CNN Money talks with Les Satlow, portfolio manager at Cabot Money Management, about Goldman Sach’s annual shareholder meeting following recent accusations by the SEC. "There are going to be some angry shareholders, no doubt. Some of them will want blood from management…If they are wise, they will be as candid as they can and let shareholders vent,” says Satlow.
Publication: USA Today Date: May 6, 2010 Headline: Dow plummets 900 points amid crisis over Greek debt, closes down 348 Expert: William Larkin Link: http://bit.ly/9kXnJ8 Abstract: Doug Stanglin of USA Today features insight from William Larkin, fixed income portfolio manager at Cabot Money Management, regarding panic on Wall Street in response to Europe’s banking crisis. There is increased nervousness and "banks are weakening. Banks and the governments have been working together. It looks like that relationship is weakening," says Larkin. If this happens and banks aren't able to raise capital, "they are worried that, if this crisis stays, it will weaken the capital markets further,” he adds.
Publication: Wall Street Journal Date: May 6, 2010 Headline: Spooked investors cause dislocations Expert: William Larkin Link: http://bit.ly/cK7i57 Abstract: William Larkin, fixed income portfolio manager at Cabot Money Management, is featured in an article about investor confidence in the European banking system by Prabha Natarajan of the Wall Street Journal. "Banks and the governments have been working together. It looks that since their relationship is weakening,” Larkin says. If this happens and banks aren’t able to raise capital, “they are worried that, if this crisis stays, it will weaken the capital markets further,” he adds.
Publication: USA Today Date: May 5, 2010 Headline: "'Insured' municipal bonds: The insurance is suspect these days" Expert: William Larkin Link: http://bit.ly/9b5JxB Abstract: Matt Krantz of USA Today looks to William Larkin, fixed-income portfolio manager at Cabot Money Management, for his advice to investors considering municipal bonds. Larkin offers that there is more faith in the insurers of municipal bonds lately, but not overwhelmingly so. He adds that he views municipal bonds with high yields with “great suspicion.”
Publication: The Wall Street Journal Date: May 5, 2010 Headline: "Global markets swoon over Euro zone debt concerns" Expert: William Larkin Link: http://bit.ly/bTx7JP Abstract: Anusha Shrivastava of The Wall Street Journal speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about his insight on debt situation in Greece. "There is a contagion going on. The flight-to-quality will stay in place. We are at the bottom of the recent trading range in Treasurys," Larkin says.
Publication: MarketWatch Date: May 4, 2010 Headline: Mexico, Brazilian stocks fall sharply as Greece fears soar Expert: Rob Lutts Link: http://bit.ly/a72HAD Abstract: Carla Mozee of MarketWatch turns to Rob Lutts, CIO and President of Cabot Money Management, for his insight regarding Greece debt problems and its impact on markets worldwide. “The Greece situation is making people nervous, and my feeling on the (financial) package is that it's a band-aid. We're going to be back here in three to six months," says Lutts.
APRIL 2010
Publication: CNBC.com Date: April 16, 2010 Headline: For some investors, another reason to distrust Wall Street Expert: Rob Lutts Link: http://bit.ly/90yq0G Abstract: Jeff Cox of CNBC.com speaks with Rob Lutts, CIO and president of Cabot Money Management, about how the fraud accusations against Goldman Sachs will likely add to the mistrust among investors that Wall Street is rigged against them. "That's a widely held view by less sophisticated investors. This could certainly be putting an exclamation point on that viewpoint. I've been a professional investor for 27 years. The market generally works pretty well,” says Lutts.
Publication: Boston Herald Date: April 13, 2010 Headline: Dow’s highest point since 2008 market plunge Expert: Rob Lutts Link: http://bit.ly/a0BV0A Abstract: Jerry Kronenberg of Boston Herald speaks to Rob Lutts, CIO and president of Cabot Money Management, about the Dow Jones Industrial Average closing above 11,000 for the first time since Wall Street’s September 2008 collapse. Lutts says stocks benefited from the fact that real estate, bonds and money market funds all look like worse investment options. “The only asset class left standing is stocks,” he says, adding that he anticipates the Dow to top 12,000 by the end of summer.
Publication: Reuters Date: April 12, 2010 Headline: Prices rise in anticipation of company earnings Expert: William Larkin Link: http://bit.ly/9Gwknd Abstract: Chriss Reese of Reuters talks to William Larkin, fixed income portfolio manager at Cabot Money Management, about US Treasury debt prices rising over concerns that upcoming company earnings may not be strong enough to justify current stock price levels. "We are right on the cusp of earnings season, and there is the possibility that (stocks) have gotten a little bit ahead of themselves from a pricing standpoint,” says Larkin.
Publication: The Wall Street Journal Date: April 12, 2010 Headline: Betting on solar and wind energy, and against some sovereign debt Expert: Rob Lutts Link: http://bit.ly/93wjEG Abstract: Gregory Zuckerman of The Wall Street Journal talks with Rob Lutts, CIO and president of Cabot Money Management, about unique difficulties solar and wind companies have because their dependency on subsides from the government. "The whole group doesn't get as high a rating as it once did because government subsidies have been reduced," says Lutts. For longer-term investors, Lutts recommends First Solar "the overall cost leader in thin-film technology," he adds.
Publication: Bloomberg
Date: April 9, 2010
Headline: Lorillard, Freescale boost issues as debt sales rise
Abstract: Tim Catts of Bloomberg discusses Lorillard Inc and Freescale Semiconductor Inc. debt sales in augmented offerings as US corporate bond sales rose 26 percent with William Larkin, fixed income portfolio manager at Cabot Money Management. Businesses are tapping into the bond market as the extra interest investors demand to hold corporate debt instead of Treasuries is near the lowest since November 2007. "These companies now are getting crazily cheap costs from a historical perspective. They're looking at the marketplace today and seeing a great opportunity to borrow," Larkin says.
Publication: Wall Street Journal Date: April 8, 2010 Headline: Ameresco taps into interest in green energy Expert: Rob Lutts Link: http://bit.ly/90SjND Abstract: Lynn Cowan of The Wall Street Journal discusses opportunities in Ameresco Inc, the first green company to go public since electric-car-batter maker A123 Systems, with Rob Lutts, CIO and president of Cabot Money Management. "This is the kind of company that when it does go public, I would take a closer look at it. I probably wouldn't buy at the IPO, but I'd wait and give it a couple of quarters of earnings reports" to get a clearer view of which businesses are driving growth, says Lutts.
Publication: Bloomberg Date: April 8, 2010 Headline: U.S. stocks rise as retail sales offset concern over Greece Expert: Rob Lutts Link: http://bit.ly/aGVVeQ Abstract: Whitney Kisling of Bloomberg talks with Rob Lutts, CIO and president of Cabot Money Management, regarding the stock market rally for the seventh time in nine days in response to faster than estimated sales growth from retailers. “We have been seeing improving data points. I believe the next two to three months, the data we’re going to be looking at is going to continue on a very positive track, and we’ll keep climbing, maybe 10 or 15 percent more by the summer,” says Lutts.
Publication: Fortune Date: April 6, 2010 Headline: Bonds in the ‘danger zone’ Expert: William Larkin Link: http://bit.ly/cZWgfF Abstract: Colin Barr of Fortune speaks with William Larkin, fixed income portfolio manager at Cabot Money Management, about some concern among bond managers who suggest investors hold more cash rather than buying into bonds. "We're in the danger zone. There's likely to be some sort of hit to the bond market,” says Larkin. He suggests investors who want to add bond exposure stick to maturities of three years or less.
MARCH 2010
Publication: CNBC Squawk on the Street Date: March 31, 2010 Headline: Market check Expert: Dennis Wassung Link: http://bit.ly/axLd4C Abstract: CNBC’s Erin Burnett sits down with Dennis Wassung, portfolio manager at Cabot Money Management, to discuss where he sees investment opportunities in the current economic environment. “Specifically when we look how to attack the market at this point, we look at themes and markets and sectors that are driving growth and opportunity. One I would point to is in the energy space where you’ve got more of a contrarian viewpoint on the natural-gas related stocks. You’ve got an interesting entry point in these natural gas related stocks when you’re looking at a $4 natural gas price, so I point to Southwestern Energy,” Wassung says.
Publication: USA Today Date: March 23, 2010 Headline: Plan adds Medicare tax on high earners’ investment income Expert: William Larkin Link: http://bit.ly/a9NcsL Abstract: Matt Krantz of USA Today speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the proposed 3.8% Medicare tax levied against high-income taxpayers’ investment income due to the new healthcare reform. High-income taxpayers see this latest tax as a warning of the kinds of taxes that are coming to help shore up the government's finances, says Larkin. High-income taxpayers "are being targeted as a revenue source," he adds.
Publication: SmartMoney Date: March 22, 2010 Headline: A new star in the bond market Expert: William Larkin Link: http://bit.ly/bjjqgV Abstract: Jason Kephart of SmartMoney discusses a surge in popularity in short-term bond funds, which typically invest in corporate debt maturing in less than five years, with William Larkin, fixed-income portfolio manager at Cabot Money Management. Larkin says the surge is due to the increase of people who are desperate to find a safe investment that pays interest.
Publication: CNN Money Date: March 19, 2010 Headline: Stocks make it 4 for 4 Expert: Rob Lutts Link: http://bit.ly/96nvxv Abstract: Alexandra Twin of CNN Money speaks with Rob Lutts, CIO and president of Cabot Money Management, about US stock futures tumbling overnight on the Fed’s decision to boost the emergency bank lending rate. "This wasn't unexpected, we know the medicine can't stay in the system forever. But this is just a first step, one that's symbolic but not hugely meaningful," says Lutts. He adds that the move doesn't mean the Fed plans to raise the more influential fed funds rate anytime soon.
Publication: Investors Business Daily Date: March 19, 2010 Headline: Google’s China exit angers shareholders Expert: Rob Lutts Link: http://bit.ly/da7FjD Abstract: Pete Barlas of Investor’s Business Daily talks with Rob Lutts, CIO and president of Cabot Money Management, about Google’s planned announcement about closing their search service in China after failing to reach an agreement with the Chinese government over online search rules. Departing China does not seem to be part of any revenue growth plan, says Lutts. “It's mind-boggling. I would have loved to have been in that boardroom to hear that discussion: how they decided to walk away from the largest single growth market in the world. I would guess that they put principal above business. Will that pay off in the long run? That's a major question mark," he adds.
Publication: Wall Street Journal Date: March 17, 2010 Headline: Investors back in corporate bond market Expert: William Larkin Link: http://bit.ly/9COjTG Abstract: Anusha Shrivastava of Wall Street Journal speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, discusses investor’s healthy interest in the corporate and asset-backed markets with William Larkin, fixed-income portfolio manager at Cabot Money Management. There is “a voracious appetite” for investment-grade deals, with “high demand and low supply,” says Larkin. Industry participants believe fixed income will be stable and the Federal Reserve will remain on the sidelines, he adds.
Publication: Bloomberg Date: March 17, 2010 Headline: Martin Midstream plants debt amid boosted sales: New issues alert Expert: William Larkin Link: http://bit.ly/aIkfx5 Abstract: Tim Catts of Bloomberg speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about Martin Midstream Partners LP marketing bonds as companies increase the sizes of their debt sales to meet investor demand. Since March at least 18 companies have increased debt offering and boosted sales about 28 percent. “There’s a voracious appetite right now. They’re taking advantage of what everyone sees as value, and that means investors are probably buying at very expensive prices,” says Larkin.
Publication: Bloomberg Date: March 15, 2010 Headline: US stocks gain as financials trip loss, consumer shares rise Expert: Rob Lutts Link: http://bit.ly/9xKcDS Abstract: Whitney Kisling of Bloomberg talks with Rob Lutts, CIO and president of Cabot Money Management, about Google stocks tumbling while Baidu Inc. gained 4.8 percent, marking the first time they have topped Google. This comes after speculation grows that Google will shut its Website in China due to censorship issues. “It’s really pretty remarkable that Google has stated they’re going to turn their back on the largest single growth- market in the Internet. That’s really a boost to Baidu and a short-term negative for Google,” says Lutts.
Publication: Wall Street Journal Date: March 11, 2010 Headline: Issuance continues in corporate bond markets Expert: William Larkin Link: http://bit.ly/bCrC9B Abstract: Anusha Shrivastava of The Wall Street Journal discusses the surge of issuance in the high-grade market after two consecutive days of $12 billion in new bonds sold with William Larkin, fixed-income portfolio manager at Cabot Money Management. Things are going at a "rapid clip," in the high-grade market, says Larkin. "There's more demand than supply and good names are being taken very quickly," he adds.
Publication: Bloomberg Date: March 11, 2010 Headline: Treasury yield curve near record adds to demand at bond auction Expert: William Larkin Link: http://bit.ly/9dz8ob Abstract: Cordell Eddings and Susanne Walker discuss Treasury 30-year bonds, which gained as one of the biggest yield premiums over 2-year government securities heightened demand at the US auction of $13 billion in bonds with William Larkin, fixed-income portfolio manager at Cabot Money Management. “People are looking at the spread. The spread is so narrow on a lot of issues. The safety makes a lot of sense if you believe inflation will stay flat,” says Larkin.
Publication: Wall Street Journal Date: March 10, 2010 Headline: Citi takes another step toward normalcy with TRUPs sale Expert: William Larkin Link: http://bit.ly/dqr23L Abstract: Kelli Geressy-Nilsen at Dow Jones speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about investors enthusiasm of Citigroups’ sale of $2 billion of trust preferred securities as the bank steps closer to repairing its balance sheet and repaying taxpayers. "The notable thing about this specific deal is that the preferred market has been somewhat closed as there's been a clear lack of liquidity," says Larkin.
Publication: NECN Business Date: March 10, 2010 Headline: Investing in Brazil Expert: Rob Lutts Link: http://bit.ly/bR1cGc Abstract: NECN Business sits down with Rob Lutts, CIO and president of Cabot Money Management, to discuss investment opportunities in emerging markets, particularly Brazil. “Brazil is in a great situation right now. A lot of their resources supply the other emerging fast growing economies like India and China. But they really created an emerging middle class, just like China has, of 100 million people. And their incomes over the last 5 years has grown 9 percent per year, and that’s really the driving force for the economy today,” says Lutts.
Publication: Reuters Date: March 10, 2010 Headline: Citi preferred securities sale passes litmus test Expert: William Larkin Link: http://bit.ly/9uoFnp Publication: John Parry of Reuters speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about Citigroup’s sale of preferred securities that passed a market sentiment test one year after prices of bank bonds plunged to several year lows. "Now that they have done this high risk deal it is a good solid sign that the capital markets are flowing properly. We haven't seen a lot of activity in the preferred marketplace, and I look at Citi and that is a weaker credit. Now there could be some more issuance of preferred securities from other financial institutions,” says Larkin.
Publication: Bloomberg Date: March 5, 2010 Headline: US two-year notes fall on jobs data in longest slump of year Expert: William Larkin Link: http://bit.ly/d9aj3h Abstract: Susanne Walker talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, about future contracts on the CME Group exchange after employment data indicated there was a 44 percent probability that policy makers will lift the target rate for overnight loans between banks by at least a quarter-percentage point by September. The rate has been at a range of zero to 0.25 percent since December 2008. “Being at zero is ridiculous because the risk of a depression is off the table now,” says Larkin.
Publication: Bloomberg Date: March 5, 2010 Headline: HSBC sells Kangaroo bonds as default risk drops: Credit markets Expert: William Larkin Link: http://bit.ly/9XmXo7 Abstract: Katrina Nicholas and Gabrielle Coppola of Bloomberg speak with William Larkin, fixed-income portfolio manager at Cabot Money Management, about investors interest in buying utility bonds amid mixed signals of the US economic recovery. Larkin says that debt from electric and gas companies represent a middle ground for investors looking to pick up yield while curbing risk. “The thing that’s attractive about utilities is that it’s regulated, in place. It’s the perfect business model for fixed-income investing,” says Larkin.
Publication: BusinessWeek Date: March 4, 2010 Headline: A year after meltdown’s end, a changed stock market Expert: William Larkin Link: http://bit.ly/ap5CjN Abstract: Ben Steverman of BusinessWeek speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about investor sentiment one year after the market reached an all time low of….The caution and wariness can still be seen in investors who buy safe government and corporate bonds despite extremely low interest rates, says Larkin. "A lot of people are still nervous," he adds.
Publication: Reuters Date: March 3, 2010 Headline: Prices ease with waning safe-haven interest Expert: William Larkin Link: http://bit.ly/cSt8eJ Abstract: Chris Reese of Reuters discusses the data released from the Institute for Supply Management showing the U.S. services sector grew in February at its fastest pace in more than two years with William Larkin, fixed-income portfolio manager at Cabot Money Management. The evidence of growth in the services sector boosted investor optimism. "It tells us that things are normalizing, which means that Fed policy needs to move from emergency mode to accommodative," says Larkin.
FEBRUARY 2010
Publication: Bloomberg Date: February 25, 2010 Headline: Treasuries advance as Greece concern spurs demand at auction Expert: William Larkin Link: http://bit.ly/8XyDcT Abstract: Susanne Walker of Bloomberg speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, regarding a gain in Treasuries as concerns that Greece’s credit ratings may be cut boosted demand during a $32 billion auction of seven year securities. “The timing is perfect. We’ve gotten political turmoil in global markets. It looks like there’s the potential for a double dip in Europe,” says Larkin.
Publication: The Wall Street Journal Date: February 23, 2010 Headline: Credit markets: consumer confidence data raises doubts Expert: William Larkin Link: http://bit.ly/9sune9 Abstract: Romy Varghese of the Dow Jones Newswire speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about investors concerns about the debt overhang with Treasury sales and weakened overseas markets. Larkin says the low consumer confidence data has been heightening the focus on the next week’s payrolls report.
Publication: Bloomberg Date: February 23, 2010 Headline: Treasuries Gain as Drop in Consumer Confidence Boosts Note Sale Expert: William Larkin Link: http://bit.ly/cz3lmo Abstract: Susanne Walker and Cordell Eddings talk to William Larkin, fixed-income portfolio manager at Cabot Money Management, about a recent boost in Treasuries after the decline in consumer confidence strengthen demand at the government’s auction of $44 billion in two-year notes. “The two-year is the sweet spot because no one feels that inflation is going to be an issue. For its liquidity and safety, it’s pretty attractive,” says Larkin.
Publication: CNN Money Date: February 19, 2010 Headline: Stocks make it 4 for 4 Expert: Rob Lutts Link: http://bit.ly/91ZBy5 Abstract: Alexandra Twin of CNN Money talks to Rob Lutts, CIO and president of Cabot Money Management, about recent market gains and investors’ hesitation to buy after the Fed's made the decision to boost the emergency bank lending rate. “This wasn't unexpected, we know the medicine can't stay in the system forever. But this is just a first step, one that's symbolic but not hugely meaningful,” says Lutts.
Publication: CNBC Squawk on the Street Date: February 17, 2010 Headline: Should you bank on Brazil? Expert: Rob Lutts Link: http://bit.ly/aatyou Abstract: CNBC’s Erin Burnett sits down with Rob Lutts, CIO and president of Cabot Money Management, to discuss overseas investments in Brazil. “You have to be long on Brazil. The situation down there is a really core growth to continue. Income is growing 9 percent per year over the last five years. Inflation is down to 4 or 5 percent. Things are moving very nicely in Brazil,” says Lutts
Publication: CNBC Stock Blog Date: February 17, 2010 Headline: Investors should be long on Brazil: stock picker Expert: Rob Lutts Link: http://bit.ly/cQzuJq Abstract: JeeYeon Park of CNBC’s Stock Blog asks Rob Lutts, CIO and president of Cabot Money Management, about his opinion on which way investors should bank on Brazil in 2010. “You have to be long Brazil. The situation down there is a really core growth to continue. From an economic standpoint, we should feel confident that the situation will continue in a favorable mode. The emerging middle class theme of consumption is where I’m focusing on,” says Lutts.
Publication: BusinessWeek Date: February 11, 2010 Headline: U.S. stock investors can't escape foreign worries Expert: Les Satlow Link: http://bit.ly/drEYLG Abstract: Ben Steverman of BusinessWeek talks to Les Satlow, portfolio manager at Cabot Money Management, about emerging market economies as U.S. investors focus on China. “[China] is one of the only major growth engines in the global economy right now. A major driver of emerging-market sentiment,” says Satlow.
Publication: Wall Street Journal Date: February 10, 2010 Headline: Credit Markets: Bernanke, Greece focus of quiet trading day Expert: William Larkin Link: http://bit.ly/8Y4L3m Abstract: Prabha Natarajan of the Wall Street Journal speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about investment-grade corporate bonds. “Investment-grade is holding its own,” says Larkin. He adds that spreads are likely to remain rangebount over the next few days; although, the market will remain sensitive to worries over Greece. “That creates a level of nervousness because people don’t know how to fix that,” he says.
Publication: CNN Money Date: February 8, 2010 Headline: Treasurys mixed ahead of auctions Expert: William Larkin Link: http://bit.ly/cof3mK Abstract: Ben Rooney of CNN Money asks William Larkin, fixed-income portfolio manager at Cabot Money Management, about the upcoming Treasurys auction and investors’ fears about the fiscal problems facing Europe. “[This week's auctions] are putting a damper on the market. But because of the uncertainty in Europe, we're not seeing a major rebound in the stock market, and that will attract more money to the debt market,” says Larkin.
Publication: BusinessWeek Date: February 7, 2010 Headline: Stocks: how investors might play the pullback Expert: Rob Lutts Link: http://bit.ly/dhkUIt Abstract: David Bogoslaw of BusinessWeek talks to Rob Lutts, CIO and president of Cabot Money Management, about his optimism toward emerging markets including China, India and Brazil.
Publication: Boston Herald Date: February 6, 2010 Headline: Jan. jobless numbers send mixed signals Expert: Rob Lutts Link: http://bit.ly/bBHOZa Abstract: Jay Fitzgerald of the Boston Herald talks to Rob Lutts, CIO and president of Cabot Money Management, about the markets response to the U.S. Department of Labor’s job report that unemployment fell to 9.7 percent in January and European debt. “Clearly we’ve entered the worry, fear camp. It’s a very fragile investor psychology today. It doesn’t take much . . . to send them running for the hills,” says Lutts.
Publication: Associated Press Date: February 5, 2010 Headline: Stocks pull out of slump but end week lower Expert: Rob Lutts Link: http://bit.ly/axnEnB Abstract: Stephen Bernard and Tim Paradis of the Associated Press ask Rob Lutts, CIO and president of Cabot Money Management, about his thoughts on investors concerns with the European deficit and the modest improvement in the job market. “Clearly we've entered the worry, fear camp. It's a very fragile investor psychology today. It doesn't take much ... to send them running for the hills,” says Lutts.
Publication: Bloomberg Date: February 4, 2010 Headline: Kraft to sell debt to pay for Cadbury takeover: new issue alert Expert: William Larkin Link: http://bit.ly/cFHg59 Abstract: Tim Catts of Bloomberg asks William Larkin, fixed-income portfolio manager at Cabot Money Management, about his thoughts on Kraft Foods Inc. plans to issue debt to pay for its takeover of Cadbury PlLC. “The food business is less economically sensitive, so it’s the perfect play in this kind of marketplace. Could banks have another leg down? It’s possible, if unlikely. Will Kraft be around in 10 years? It’s very likely,” says Larkin.
Publication: Wall Street Journal Date: February 4, 2010 Headline: Kraft markets bonds for Cadbury purchase Expert: William Larkin Link: http://bit.ly/aVg0kR Abstract: Kellie Geressy-Nilsen and Romy Varghese of the Wall Street Journal talk to William Larkin, fixed-income portfolio manager at Cabot Money Management, about the bond markets response to Kraft Foods Inc. proposed acquisition of Cadbury PLC. If the company sells around $8 billion bonds, as expected by investors, the offering would be among the top five largest U.S.-marketed investment-grade corporate-bond deals since 2007. “Kraft is an extremely attractive company from a market position. It's been hard to find good viable companies, and investing in Kraft makes a lot of sense,” says Larkin.
Publication: CNN Money Date: February 2, 2010 Headline: Treasurys steady ahead of refunding auction Expert: William Larkin Link: http://bit.ly/cgRdCG Abstract: Hibah Yousuf of CNN Money speaks with William Larkin, fixed-income portfolio manager at Cabot Money Management, about the Treasury Department’s upcoming refund auction. Auctions have had stellar demand so far but investors doubt this reception will be sustainable in the long term, says Larkin. “We've been getting some stability in the economic data, but we have a big number coming down the pipeline. Treasurys will be strong ahead of the unemployment data that comes out at the end of the week,” he adds.
Publication: Financial Planning Date: February 1, 2010 Headline: Thinking outside the dollar Expert: Rob Lutts Link: http://bit.ly/c0h1xp Abstract: Suzanne McGee from Financial Planning asks Rob Lutts, CIO and president of Cabot Money Management, about his outlook on global diversification for 2010. “Keeping a high allocation to global markets, particularly emerging markets, gives you the potential for moderate returns in local currency to become bigger when they're translated into dollars. That's the gravy. The meat? That these are going to continue to be some of the highest growth markets around,” says Lutts.
JANUARY 2010
Publication: CNN Money Date: January 25, 2010 Headline: Treasurys mixed Expert: William Larkin Link: http://bit.ly/bkSjwZ Abstract: Blake Ellis of CNN Money talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, about December home sales falling to 16.7 percent. “It was a trade. Existing home sales were lousy, but more senators came out and said they were going to support the federal government.”
Publication: Bloomberg Date: January 25, 2010 Headline: Bond rally on borrowed time, options traders indicate Expert: William Larkin Link: http://bit.ly/bTgqxc Abstract: Liz Capo McCormick of Bloomberg talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, about his market outlook for 2010. “Is 2010 the year you are going to get the shift from stagnating growth to growth? I don’t know, but I am going to position myself for that,” says Larkin.
Publication: Reuters Date: January 20, 2010 Headline: Morgan Stanley pays up through profit disappoints Expert: Les Satlow Link: http://bit.ly/bkzQIf Abstract: Steve Eder of Reuters asks Les Satlow, portfolio manager at Cabot Money Management, the impact of weak trading results on Morgan Stanley’s fourth-quarter earnings. Morgan Stanley's trading revenue fell 65 percent to $1.1 billion in the fourth quarter from $3.2 billion in the third quarter. “It does have a significant impact, at least at the headline level. Having said that, I still think the trading results should have been better,” says Satlow.
Publication: Reuters Date: January 20, 2010 Headline: Bank earnings spark divergent bond, stock views Expert: William Larkin Link: http://bit.ly/9j3mZi Abstract: John Parry of Reuters talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, about the banks’ problems causing bond investors to have doubts of a quick recovery. “Stock investors are looking at their banks' profitability and looking for that earnings growth, whereas the bond market is looking more at loan losses,” says Larkin.
Publication: CNN Money Date: January 20, 2010 Headline: Treasurys turn higher on recovery doubts Expert: William Larkin Link: http://bit.ly/aVY7Q3 Abstract: Hibah Yousuf of CNN Money talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, about banks paying back their government bailout money. “Bond investors are using the bank earnings to gauge the breadth of the recovery. We know things are getting better through all the TARP money being paid back. But while the loan portfolio losses are dissipating, they are still disappointing,” says Larkin.
Publication: Wall Street Journal Date: January 16, 2010 Headline: Tech group leads small-stock declines Expert: Rob Lutts Link: http://bit.ly/ceA9T2 Abstract: Kristina Peterson of the Wall Street Journal asks Rob Lutts, CIO and president of Cabot Money Management, his take on small-capitalization stocks falling among a broad market decline. “I think a stock, like a staircase, needs to go level occasionally. We're in one of those flattening steps,” says Lutts.
Publication: CNBC Squawk on the Street Date: January 15, 2010 Headline: The Friday trade Expert: Dennis Wassung Link: http://bit.ly/dugzoD Abstract: CNBC Squawk on the Street asks Dennis Wassung, portfolio manager at Cabot Money Management, which stocks he favors. “We are favorable on the segment tech space and the growth in mobile data, as the Apple iPhone and other smart phones drive substantial growth in the data consumed here,” says Wassung.
Abstract: Hibah Yousuf of CNN Money talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, about his thoughts on a market recovery. "We are in a period of doubt. Investors believe that with the amount of stimulus in the pipeline and the Fed policies in place, we're going to see a recovery. But they are questioning the timing and the breadth of that recovery," says Larkin.
Publication: Bloomberg Date: January 15, 2010 Headline: Virgin Media, Ford Motor credit tap market as junk sales rise Expert: William Larkin Link: http://bit.ly/cVK9Ex Abstract: Sapna Maheshwari and John Detrixhe of Bloomberg speak with William Larkin, fixed-income portfolio manager at Cabot Money Management, about investors searching for risky debt on concerns that a recovering economy could cause low-yielding bonds to become unattractive. “In this type of market where they’re talking about a potential rapid recovery, you need that cushion,” says Larkin.
Publication: CNN Money Date: January 14, 2010 Headline: Bond prices mixed after auction Expert: William Larkin Link: http://bit.ly/cz3LWj Abstract: Ben Rooney of CNN Money talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, about the stock market focus on the corporate sector as fourth quarter reports gets into full swing. “If earnings are mixed, we'll probably stay where we are. If we get more strength in earnings, we could break out to higher yields,” says Larkin.
Publication: Boston Business Journal Date: January 8, 2010 Headline: Outlook 2010: Boston’s business leaders weigh in Expert: Rob Lutts Link: http://bit.ly/cIEEMF Abstract: The Boston Business Journal asks Rob Lutts, CIO and president of Cabot Money Management, about his market outlook for 2010. “I am a cautious optimist. Asset-based lenders have been fairly busy in 2009 and that bodes well for 2010 as spending picks up, even if just a little. I think it will be a slow growth year, which is better than no growth,” says Lutts.
Publication: The Daily News Date: January 8, 2010 Headline: Trying to muster up an economic smile Expert: Rob Lutts Link: http://bit.ly/87yCJo Abstract: John Macone of The Daily News asks Rob Lutts, CIO and president of Cabot Money Management, about his 2010 market outlook. Lutts says the recession has created a strong demand in both businesses and consumers, and is anticipating a powerful rebound on Wall Street. “You need to get on the train today,” he adds.
Publication: Bloomberg Date: January 8, 2010 Headline: Emerging market stocks, metals drop on China lending curbs Expert: Rob Lutts Link: http://bit.ly/8Y2ohY Abstract: Michael P. Regan and Elizabeth Stanton talk to Rob Lutts, CIO and president of Cabot Money Management, about China’s move to curb lending. Central bankers in China sold three-month bills at a higher interest rate for the first time in 19 weeks after stating their focus in 2010 is to control record loan growth. “Here is another economy increasing interest rates. How long till the U.S. comes in line and takes some of the medicine away? I think that’s coming in the next couple of months,” says Lutts.
Publication: The Daily News Date: January 8, 2010 Headline: Trying to muster up an economic smile Expert: Rob Lutts Link: http://bit.ly/87yCJo Abstract: John Macone of The Daily News asks Rob Lutts, CIO and president of Cabot Money Management, about his 2010 market outlook. Lutts says the recession has created a strong demand in both businesses and consumers, and is anticipating a powerful rebound on Wall Street. “You need to get on the train today,” he adds.
Publication: CNN Money Date: January 7, 2010 Headline: Bonds fall on employment outlook Expert: William Larkin Link: http://bit.ly/8Pukvx Abstract: Blake Ellis of CNN Money talks to William Larkin, fixed-income portfolio manager at Cabot Money Management, about his expectations for the market after the government releases its employment report. Larkin predicts positive employment data will increase yields and put bond prices under pressure. “We're right in front of tomorrow's (Friday's) employment data, and that's definitely
