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The professionals at Cabot Wealth 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, investment articles, and newspaper/magazine articles, that outline what is happening in politics, technology, the world economy, and the business sphere in videos and articles.
For more information about how Cabot Wealth Management can help you manage your wealth, contact us today.
Rob Lutts quoted in article: "Caveat emptor! Argentine Stocks Soar as Investors Shrug off Crises."
Friday, June 12, 2020 2:17 a.m. EDT by Thomson Reuters
By Rodrigo Campos and Karin Strohecker
NEW YORK/LONDON (Reuters) - Argentina's stocks are rocketing, outpacing equity market peers around the world in the second quarter as growing risk appetite has lured investors to the country's listed firms despite biting economic and debt crises.
The S&P Merval stock index <.MERV> plunged near 50% from mid January to mid March. But this quarter, price returns in pesos for the 20-stock index have climbed as much as 100%. When translated to U.S. dollars using the official exchange rate, they are now up 64%, the most among the largest stock markets globally.
Investors jumped in even as Argentina's government has scrambled to restructure around $65 billion in foreign debt and forecasts called for the economy, mired in recession since 2018, to contract as much as 10% this year.
"There are periods of time where it gets just so cheap that people come rushing and move it to the opposite side for a while," said Robert Lutts, chief investment officer at Cabot Wealth Management in Salem, Massachusetts.
Lutts recently added to his holdings of Buenos Aires-based e-commerce giant Mercado Libre but said he would not broaden his exposure to Argentina partly on concerns over financial markets' lack of confidence in the country.
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Rob Lutts quoted in "Investor's Business Daily"
Here's Why Two Market Sell-Offs Are Coming This Year, Top Advisor Says
What's a market correction? Investors likely barely know as markets keep marching higher. But a reminder might be coming. "I expect at least two corrective periods of 5% to 7% at some point in 2020," said Rob Lutts, president and chief investment officer at Cabot Wealth Management. Cabot, based in Salem, Mass., manages $800 million in assets. What could possibly rain on the market's run? After all, the S&P 500 is up 26% in the past 12 months. Two wild cards stand to threaten the market's strength, he says. Any whiff interest rates might rise could cause market bulls to cool off, Lutts says. If "rates begin to rise again, valuations will be adjusted downward," he said. "As long as the central banks continue to manipulate rates to remain low, the stock market party will continue." And the election will also add drama to the market. Lutts thinks President Donald Trump will ultimately win the 2020 election. But "fear of a win by the Democrats will enter into market volatility," Lutts said.
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Listen to Rob Lutts discuss stock picks and talk about the market on Money Life with host Chuck Jaffee. For more information about The Money Show, visit: www.moneylifeshow.com.
Click on the play button below to listen to Rob's interview (starts @ 36:30)
Rob Lutts quoted in the "Wall Street Journal"
“Tesla isn’t going to get out of its trading range unless Elon succeeds in cracking the code of ramping up production,” said Rob Lutts, chief investment officer of Cabot Wealth Management, a money-management firm that owns about $2 million worth of Tesla shares and has no immediate plans to buy more.
"Used with permission from The Wall Street Journal, WSJ.com. Copyright 200__ Dow Jones & Company, Inc. All rights reserved."
Long-time China investor Rob Lutts, president and chief investment officer of Salem, Massachusetts-based Cabot Wealth Management, said he thought “the general attitudes toward China, among investors, is still in the ‘avoid’ category”, but he saw a lot of value in the nation’s equity markets, with insurance among his favourite sectors.
“When incomes go from US$8,000, US$12,000 towards US$25,000, you go from taking care of basic needs to start thinking about buying cars and homes, and that brings insurance,” he said, adding that he liked insurers Ping An Insurance and AIA Group Ltd.
“Investing in those two companies today,” he said, “is like investing in Prudential in the 1940s in the United States.”
Read Complete Article Here
Listen to Rob Lutts discuss stock picks and talk about the market on Money Life with host Chuck Jaffee. For more from the Money Life Show, visit www.moneylifeshow.com.
Click on the play button below to listen to ROB's INTERVIEW
Parsing China’s economic slowdown from CNBC.
August 01, 2017
Cabot Wealth Management, Inc., a private wealth management firm providing fiduciary advice since 1983, today announced president and founder Robert Lutts’ ten-year succession plan. Effective July 01, 2017, thirty percent of Cabot Wealth Management was sold to the three senior principals of the firm: Jim Gasparello, Greg Stevens, and Sonia Ernst. Lutts will continue to be the primary shareholder, owning 70 percent of the shares and actively working as he has done for the past 34 years.
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