In The News

In The News

 

Fox News

May 31, 2017

"Race for Richest Man" – In a recent interview with Fox News, Managing Partner of Mayflower Advisors Larry Glazer called Amazon founder Jeff Bezos “truly a genius in retail and a genius in innovation,” as Bezos draws closer to surpassing Bill Gates as richest man. Glazer observes that today tech occupies the highest percentage of the market that it has since the tech bubble in 1999-2000. He notes that “we’ve got great things happening in the economy, but it’s a very narrow, expensive, concentrated leadership” in the tech market. However, Glazer further reminds us that more than 2/3 of Forbes’s 400 billionaires in the country, Bezos included, are self-made, which he sees as a sign that “whatever happens in Washington… these companies can still thrive, and they can still grow,” a message that Amazon’s success reflects.

 

CNBC

April 25, 2017

"Closing Bell" – Managing Partner of Mayflower Advisors Larry Glazer appeared on CNBC on the second consecutive day of the DJIA gaining 200 points. Glazer observes that despite significant political unpredictability, there is very low stock market anxiety. Thus, we have seen money gravitating “into large-cap growth at the expense of valuation, at the expense of fundamentals, at the expense of any kind of real value in the market.” He likens current market confidence to the old adage, “picking up dimes in front of a bulldozer,” implying the market is doing well for now but may just be getting lucky. Glazer says that if you believe that recent valuations have been “priced for perfection,” then you will be confident in the astounding market highs. Glazer, however, is more skeptical, advising that since “high level of political uncertainty brings into question what earnings really look like, you want to be a lot more selective and brace yourself for increased volatility.”

 

Fox News

March 12, 2017

"First Jobs Report Under President Trump" – Upon the release of the first jobs report since President Trump’s inauguration, Managing Partner of Mayflower Advisors Larry Glazer appeared on Fox News to discuss the extent to which job creation is the president’s responsibility. Glazer points out that since the election, “businesses feel more optimistic about the future,” which is essential to motivating companies to commit capital, enabling wage and employment growth. The introduction of potential tax reform and less regulation have given businesses more confidence, an apparent change from the Obama years when companies “weren’t building plants in this country, they were outsourcing jobs.” Glazer speaks optimistically about implications associated with the jobs report, calling it “a very important first step in a long haul to improving economic growth to where it needs to be.”

 

Fox News

March 2, 2017

"Snap Sores in Debut" – Managing Partner of Mayflower Advisors Larry Glazer appeared recently on Fox News to discuss the much-anticipated initial public offering of Snap Inc., which he acknowledges is a huge company, boasting a valuation twice that of Facebook, but which he claims “is not a sign of any indication of froth in the Trump Trade and, in fact, has nothing to do with the Trump Trade.” Glazer points out that it does reflect the significant amount of money tied up in various pre-IPO consumer technology names that are unprofitable, noting that “a lot of money went into these companies because interest rates were so low, so you could argue that the reason money is there is Fed policy.” He observes that a more normalized economy would have prevented these investments, and he argues that rather than focusing on a “one-off, mega-cap, unprofitable company,” we should be more concerned about the $20 trillion of debt that could weigh on the Trump Trade or the upcoming European elections.

 

CNBC

February 24, 2017

"Closing Bell" – Following ten consecutive days of the Dow landing in record territory, in an appearance on CNBC, Managing Partner of Mayflower Advisors Larry Glazer observes that despite the market’s suffering from “excessive optimism and overconfidence,” opportunities are still available for investors, if they “get a whole lot more selective than they were since the election.” He suggests looking into anti-Trump Trade opportunities -- the Mexico ETF, UK ETF, and Emerging Markets – areas that have been left behind. Glazer points to greater potential for risk-reward overseas, reminding viewers that “valuations overseas are much cheaper… A policy misstep, even a delay, could cause a slow-down here.” He also emphasizes the opportunities upcoming elections in Europe will create, namely through “a pause in the global rally that could give us a great entry point.” Glazer highlights the importance of taking “advantage of those entry points for better valuation.”

 

CNBC

January 17, 2017

"Closing Bell" – In the midst of an astounding month financially, Managing Partner of Mayflower Advisors Larry Glazer urges viewers to recognize that the markets aren’t necessarily always right. With the president-elect himself proposing that the dollar may be too strong, Glazer suggests that “maybe everything we’ve built into this rally has been incorrect” and “perhaps we should listen to the president when we argue what the Trump Trade really is.” He believes that the president may be advising looking into the areas that have been left behind, like international markets that may benefit from a weaker dollar. With regard to the issue of baby boomers turning 70.5 and being forced to move money out of their retirement plans, Glazer points to new labor department regulatory changes that makes doing so difficult. He concludes that “It’s hard for investors to feel that this is a great policy that’s in their best interest.” Glazer further notes that this is a demographic issue; retired people will need money and will be pulling it out of the market, thus putting pressure on markets.

 

CNBC

December 20, 2016

"Closing Bell" – As the Dow Jones Industrial Average drew closer to 20,000, Managing Partner of Mayflower Advisors Larry Glazer offered his thoughts on CNBC, observing that this year is “very different” from other years, as surges in stocks can be attributed to the ushering in of lower taxes, lower regulation, and potentially stronger growth, constituting a “Ronald Reagan Redux Rally.” Glazer advises taking advantage of the abundant opportunities to avoid the Trump Trade getting tested in January, “rather than chasing some of those big-cap names that may be artificially boosting the market through year end.”

 

Fox News

December 13, 2016

"Dow on Pace for 16th Record Close since Trump Win" – In an appearance on Fox News, Larry Glazer, Managing Partner of Mayflower Advisors, observes that investors are optimistic despite projected coming interest rate hikes, “sniffing out the fact that we might be in the most pro-business climate going forward since the days of Ronald Reagan.” On the other end, he adds that the interest rate hike is also great news for savers, who have been plagued by the 0% interest rate policy since the financial crisis. However, Glazer notes that the positive impact does not extend to interest rate-sensitive areas and perhaps the real estate sector. With regard to investing, Glazer predicts that January and February may present “some disappointing news, but an opportunity to put some money to work.” He advises investors to “look for bargains in the market… look through what people are selling right now, and buy on weakness into next year.” Glazer further reminds investors, “of course, be disciplined about it and be incremental.”

 

Fox News

November 22, 2016

"Dow Closes Above 19,000 for First Time Ever" – Managing Partner of Mayflower Advisors Larry Glazer appeared on Fox News as the DJIA was closing above 19,000 for the first time in history, a movement Glazer argues can only be attributed to “optimism about pro-growth economic policy.” He notes that amid optimism around lower taxes, regulation, and healthcare costs, the most exciting prospect is more growth in the economy, and he says “that’s what’s getting priced into stocks.” Glazer reminds viewers, however, that changes come about very slowly in Washington, especially as the movement of money from cash and bonds into stocks comes at a time of tremendous national debt. Nevertheless, for the meantime, Glazer points to “the leadership of the stock market being small cap” as a very optimistic sign. He projects that we will see the effects on Main Street, rather than Wall Street, with small businesses flourishing and retail spending increasing, stimulating “growth from within.”

 

Fox News

November 12, 2016

"Small Business Optimism Up in October" – In a recent interview with Fox News, Managing Partner of Mayflower Advisors Larry Glazer pointed to the benefits small businesses will reap as a result of Trump’s election. He observes that “small businesses have been left behind in the recent recovery,” with more “closing rather than opening under the Obama administration.” He attributes this to the high cost of employing people under excessive regulation and healthcare costs. With the Trump campaign’s proposed tax cuts, deregulation, and repeal of Obamacare, small businesses will be able to employ more people, who, in turn, will generate more retail spending and help small businesses elsewhere. The tradeoff he cautions, however, is that this growth may come with some inflation.

 

CNBC

November 8, 2016

"Closing Bell" – In an appearance on CNBC’s “Closing Bell,” Managing Partner of Mayflower Advisors Larry Glazer was asked what will happen to markets in the short term should Hillary Clinton win the election, given the recent rally as Wall Street prices in her victory. Glazer reminds viewers that their choice in candidate extends past the presidential election, stating that their vote is “about the choices you have with your investment dollars every day.” He praises the gridlock balance, saying, “That’s what the markets really want – they don’t want one party sweeping Washington.” Glazer observes that a gridlock opens the floor for policy discussion, which increases volatility; however, he says that there are “lots of opportunities for investors to make shifts in portfolios to take advantage of that volatility.”

 

Fox News

November 7, 2016

"Stocks Soar as FBI Stands by its July Decision in Clinton Email Case" – Just one day before the election, stocks surged globally, a movement largely attributed to increased certainty of a Clinton win. Though Clinton’s policies – increased taxation and regulation - are not obviously positive for markets, she represents more certainty than the “wild card” of Trump. In his appearance on Fox News, Managing Partner of Mayflower Advisors Larry Glazer cautioned viewers “not to read too much into a one-day rally, good or bad,” noting that big swings in the market are to be expected as elections approach. He observes that this surge in stocks in the midst of a gridlock rally could reflect “the market saying, ‘hey, maybe gridlock is okay,’ not one party dominating Washington, maybe we get some balance, maybe we can negotiate.” Glazer points out that this optimism indicates that regardless of the election outcome, “the market is excited that whatever change is coming will be better than what we’ve had for the middle class in this country.”

 

Fox News

November 2, 2016

"Stocks Continue to Drop Ahead of Presidential Election" – Larry Glazer, Managing Partner of Mayflower Advisors, recently appeared on Fox News to discuss markets’ reactions to uncertainty in and tightening of the presidential race, as Election Day draws closer. Glazer observes that “people are voting out of tremendous frustration and desperation on both sides of the aisle,” as they feel that they must take “a last stand” on a host of issues, ranging from soaring health care costs to economic regulation by the government. He explains that this desperation has extended to Wall Street, which “abhors uncertainty.” Glazer further suggests that a force of perhaps greater concern and market uncertainty than the election is the Fed’s proposal of rising interest rates, noting “the market gets very nervous when it sees a change.”

 

CNBC

September 16, 2016

"Closing Bell" – Larry Glazer, Managing Partner of Mayflower Advisors, recently joined CNBC after a rare Quadruple Witch options expiration day. Volatility was heightened in part because it was such a powerful options expiration day, Glazer said. Glazer continued, saying that as much as the market is presently obsessed with the Federal Reserve, “the real story that’s getting diverted from is the move in LIBOR.” He says that this higher LIBOR rate is “an unintended consequence in this country that we are seeing because of money market reform, and it’s going to raise borrowing costs at least in the short-run for companies and consumers.” At the same time, Glazer says that this rise “also means that potentially higher rates are a good thing for some of the financials,” such as the smaller regional banks. Additionally, Glazer sees signs of healthy market rotation, with infrastructure stocks perking up, while safe sectors such as Utilities and telecom showing weakness. This healthy rotation could be due to policy expectations, namely the prospect of corporate tax reform, which could result in corporations bringing two trillion dollars back to the U.S., an extremely bullish catalyst. On the Fed, Glazer says that he expects rates to remain unchanged for the rest of the year, but that once the election is over, that the Fed will begin to normalize rates. Finally, Glazer says that it “seems like the great bear market in energy is behind us,” as oil remains in a trading range for now.

 

Fox News

September 12, 2016

"U.S. Stocks Rally in Face of Uncertainty Over Presidential Race, Interest Rates" – During his most recent interview with Fox News, Larry Glazer, Managing Partner of Mayflower Advisors, cautions against short-term bullish action in U.S. stocks. Although there has been uncertainty over the general election, as well as over the looming interest-rate decision by the Fed, stocks powered higher today. Despite this seemingly bullish action, though, Glazer points out that it was many dividend-paying stocks that were performing especially well today. Because these stocks are interest-rate sensitive, this points to weak growth prospects and a lower likelihood of a fed rate hike, signaling that this is neither a healthy stock-market, nor a strong economy. This rally ultimately highlights a “dependence on the Fed,” he says. Later in the interview, he argues that “the Fed is long overdue in the need to raise rates,” and that the Fed “knows it’s time to raise rates, but they don’t want to be political.” The irony, he points out, is that “by not being political, they are being political.”

 

Fox News

August 13, 2016

"Trump, Clinton Clash Over Tax Plans" – Larry Glazer, Managing Partner of Mayflower Advisors, was recently featured in a Fox News panel discussion debating the merits and drawbacks of both Hillary Clinton’s and Donald Trump’s tax plans. Glazer highlighted how neither candidate addresses the elephant in the room, spending on Social Security, Medicare and Medicaid, but that Trump’s tax plan is significantly better than Hillary Clinton’s in his opinion. Glazer especially emphasized how no matter how much Hillary says her tax plan will make “the rich” pay their “fair share,” it is actually Trump’s plan that will do this. This is because by lowering rates and simplifying the tax code, corporations will repatriate the nearly two trillion dollars they hold overseas, he says. Glazer argues that this will lead to higher economic growth and wages as a result, and will prove especially beneficial to a struggling middle class.

 

CNBC

July 22, 2016

"Closing Bell" – Larry Glazer, Managing Partner of Mayflower Advisors, spent some time on CNBC’s “Closing Bell” to discuss recent market action. He highlighted how there is cause for concern with global bond yields close to zero and lackluster earnings and revenue growth. At the same time, he counters that low unemployment and a “robust stock market” are reasons to be hopeful. Regardless of which camp one falls in, though, Glazer warns that “there are not a lot of bargains to be had in this market.” He closed by saying that earnings have been pretty lackluster, especially in the higher P/E stocks, but that with value sectors such as banks and biotechs acting better of late, that value “is going to be your playbook for the second half of the year.”

 

CNBC

July 7, 2016

"Closing Bell" – Larry Glazer, Managing Partner of Mayflower Advisors, cautions that “virtually everyone is waiting for that next shoe to drop,” be it a political surprise surrounding the contentious and roller-coaster U.S. presidential election, or an unexpected currency crisis. Glazer observes that many investors are worried about just such scenarios, especially in the wake of the surprising Brexit vote. Additionally, a low VIX is signaling complacency, and could very well be the catalyst for an increase in risk going forward. So ultimately, this is why Glazer says that the next day’s jobs report is so vital, because it “sets the narrative for the rest of the year in the equity markets and the bond markets.” Finally, he likes foreign dividend-paying stocks over domestic dividend-paying stocks. Foreign dividend-payers have higher yields, and this has been a major catalyst behind the FTSE outperforming many peer markets. As he states, “the (domestic) safety trade has simply gone too far,” and “double-digit returns on companies with no revenue growth doesn’t make sense forever.”

*Dividends are not guaranteed and are subject to change or elimination. *Investing in foreign securities presents certain risks not associated with domestic investments, such as currency fluctuation, political and economic instability, and different accounting standards. This may result in greater share price volatility. *VIX – Market Volatility Index: The Market Volatility Index (VIX) is an index designed to track market volatility as an independent entity. The index calculated based on option activity and is used as an indicator of investor sentiment, with high values implying pessimism and low values implying optimism.

 

Fox News

June 24, 2016

"Stocks Plunge as U.K. Declares Its Independence from European Union" – Global equity markets took a tumble after the surprising news that Britain has voted to leave the E.U. Meanwhile, both volatility and the U.S. dollar popped higher. Larry Glazer, Managing Partner of Mayflower Advisors, says, “the timing could not have been worse for this event”. To begin with, “traders and investors were so poorly positioned” leading up to the Brexit vote, because most polling indicated that Britain would vote to remain in the E.U. It also didn’t help that this drop was on a Friday heading into the weekend in the summer, it took place towards the end of the quarter, and there was low liquidity to begin with, all of which serve to exacerbate volatility. When asked about the financial impact of Brexit, Glazer mentioned that the resulting rise in the U.S. dollar is a mixed blessing. On the one hand, this makes foreign goods relatively cheaper for those who hold dollars, but on the flip side, he highlights how a stronger U.S. dollar will harm U.S. multinational companies going forward, biting into earnings. Lastly, Glazer warns that Brexit could merely be the catalyst for more E.U. countries to use the referendum to leave the E.U., and this could lead to renewed financial stress and turmoil.

 

Fox News

May 9, 2016

"Anti-Rich Protests Underway" – Managing Partner Larry Glazer quoted Margaret Thatcher during his interview with Fox News saying, “The problem with socialism is that eventually you run out of other people’s money to spend.” The financial populism that has become culturally engrained in our society is hard to overcome. However, raising taxes on the 1% is not the solution, argues Glazer. He used the example of 400,000 people leaving Puerto Rico due to the high taxes. If the rich feel that the taxes are too much, they will leave, and take their businesses and smart brains with them. Then the country is left worse-off than before, and the middle class bears the burden. Glazer agrees that people have the right to be angry, but he believes that they should be angry at their elected politicians who created a culture of no innovation and lousy schools.

 

CNBC

May 2, 2016

"Closing Bell" – During his most recent interview with CNBC, Managing Partner at Mayflower Advisors, Larry Glazer, advises investors to be patient. Yes, there “is love in the air,” Glazer notes, but more importantly, the market is "selectively ignoring" the Puerto Rican debt default and the surging Yen. These will have significant macroeconomic effects, so Glazer urges investors to wait and “watch for quality when you’ve got some value."

 

Fox News

April 13, 2016

"Verizon Customers Bracing for Service Disruptions Amid Massive Strike" – "We have soaring healthcare costs, we’ve had a stagnant economy, companies have been unable to grow because of restrictive policies, and we have lots of global competition today,” says Larry Glazer, Managing Partner of Mayflower Advisors, in response to the outrage stemming from Verizon workers. Glazer mentions that conditions are tough today, especially for those whose jobs will no longer exist soon, due to technology. He also mentions that the unions are seen as a special interest group, and that they have a lot of power. Glazer suggests that perhaps the unions could use their power to promote bills that will help stimulate growth. Regarding the upcoming election, Americans needs to choose “what’s right for the economy as a whole, and what’s right for the future,” Glazer says.

 

CNBC

March 29, 2016

"Closing Bell" – Despite the bullish day the economy just had, in his interview with CNBC, Larry Glazer, Managing Partner of Mayflower Advisors, cautions that it is not an overall positive message for the US economy. Glazer talks about the mixed messages that the Fed is sending, which are further exacerbating the problem of uncertainty in the economy. He feels that the actions of the Fed “show that we need a Fed-induced rally,” says Glazer, who warns that their mixed messages are a telling sign that “things are weaker than [the Fed] thought they were going to be.” He concludes by saying the weak economy is why the Fed is hesitant to take action, for fear of further hurting the economy. Lastly, Glazer touches on the possible impeachment in Brazil; he believes that since there is "blood in the streets," Brazil’s currency will become stronger, since people are more likely to buy when there is "blood in the streets," so overall, Brazil may benefit from the political turmoil they’re now facing.

 

Fox Business News

February 25, 2016

"Tim Cook Defying the Govt" – Managing Partner at Mayflower Advisors, Larry Glazer, talks about the double standard surrounding technology companies in his latest interview with Neil Cavuto. He mentions that financial institutions are always held accountable and often vilified for their actions, but that technology companies seem to operate by their own rules. For example, Glazers mentions that “when a major US company [puts money overseas], they’re considered unpatriotic, but when Apple does it, it’s considered a cost of doing business."

 

Fox News

January 22, 2016

"Oil & Stocks Move in Tandem" – During his most recent interview with Fox News, Larry Glazer, Managing Partner of Mayflower Advisors, states that “stocks are still irrationally being held hostage to the movement of price of oil.” He means that as oil prices rise, so do stock prices, and vice versa. Glazer also mentions that the economy seems to need a "nicotine hit" from the Fed or the government in order to spur the economy forward. Lastly, he talks about the higher housing rates, but he attributes much of the change to the influx of Chinese money, as many Chinese are purchasing property in America as a way to store their capital. However, Glazer believes that China isn’t going to allow that to happen for much longer, and therefore expects the increase in house sales to take a back seat.

 

Fox News

January 15, 2016

"Stocks Hit by China, Oil Worries" – People shouldn’t subscribe to protectionist ideology, nor should they be "suckers," says Managing Partner Larry Glazer in his latest interview; rather, people need to find a middle ground. He mentions that people are pushing back against unfair trading policies, and he also provides evidence as to why China’s centrally planned economy doesn’t work. Rather than keeping their money in China, many Chinese want to keep their money here in America, which is hurting the middle class.

 

Fox News

January 9, 2016

"New Recession Fears Mounting as Down Falls 1,000+ points in New Year" – The "economy is limping along," says Larry Glazer, Managing Partner of Mayflower Advisors, during his interview with Fox News. He believes that the "it has been saved by a giant tax cut, and that’s in the form of low gas prices." This "tax cut" has led to better times for the economy, and despite the strong dollar, it is still not where it should be, Glazer says. He also mentions that he believes the freed Guantanamo detainees “are going to come back, and they’re going to haunt us."

 

Fox News

January 4, 2016

"Stocks Dive During First Trading Day of Election Year" – Larry Glazer, Managing Partner at Mayflower Advisors, talks about the rough start to 2016 in his latest interview with Fox News. He mentions that it is also an election year, which means that there is a lot of uncertainty in the country right now. America may end up with a socialist president or going through a brokered convention. Either way, Glazer says that the future economic impacts are unclear at the moment because of the uncertainty within the country.

 

CNBC

December 31, 2015

"Squawk Box" – "2016 is going to be a very different year,” says Mayflower Advisors’ managing partner Larry Glazer during his CNBC interview. He also said that 2015 was unsatisfying; certain asset classes had very low returns, and the major market averages remained unchanged, but Glazer believes that 2016 will be the "year of the underdog." What did well this year probably won’t do well next year, says Glazer; he expects to see a lot of firms broaden out or roll over. Glazer also believes that the "Dogs of the Dow" will fare better in 2016 because of the large dividends they pay and because interest rates will rise slowly.

 

Fox Business News

December 21, 2015

"Volatile Year for Markets" – Managing Partner Larry Glazer’s interview with Neil Cavuto of Fox Business News touches upon why Glazer thinks that “investors should brace themselves for renewed and heightened volatility” in 2016. Although there was not much change in the major market averages during the past year, there was a lot of diversity, says Glazer. The averages didn’t tell the whole story. Glazer expects to see increased volatility in 2016 as a result of the Fed raising interest rates soon, normalizing the bond market. He also advises investors to look out for end of year bargains, when firms are just trying to cut their losses; Glazer believes there is money to be made there, but that it is just a “preview of the movie to come."

 

CNBC

November 30, 2015

"Squawk Box" – During this interview with CNBC, Managing Partner at Mayflower Advisors, Larry Glazer, comments on the recent low retail sales. He believes that in order to have a "Santa Claus rally" by the end of the year, the actual problem needs to be acknowledged. However, rather than doing that, retailers are ignoring the online shopping threat, and blaming their lower sales on the warm weather, despite the lower traffic. These retailers need to engage in more serious business rearranging in order to compensate for their online competition; laying people off and cutting costs will not work in the long run. Glazer also says to be prepared for heightened volatility in 2016, because the Fed is expected to raise rates. He mentions that it won’t be an “all you can eat market,” but that selective investors can still make money, even though some sectors will be left in the dust.

 

CNBC

November 9, 2015

"Squawk Box" – Here, Larry Glazer, Managing Partner at Mayflower Advisors, talks about the effects the Fed’s timing regarding raising interest rates. He feels that the Fed is late to the game in doing so because now conventional wisdom for stock market traders may be wrong and/or dangerous. Glazer says that is so because the 1,000 point rally does not mean an improvement in firm fundamentals, earnings or outlooks, and the headwind for this point rally can be attributed to the strong dollar. Also, Glazer states that because the Fed hinted that they were going to raise interest rates for quite some time, “the smart money have already made their decisions."

 

Fox News

November 4, 2015

"The Election is Starting to become a Factor in our Markets" – In this interview, Larry Glazer, Managing Partner of Mayflower Advisors, discusses the impacts that the upcoming elections will have on policies and businesses. He says that they have yet to have any impact, but as the candidates are narrowed down, the policies of the candidates will come out in more articulated detail. That will affect current policies. Glazer also says that “the candidate that is able to navigate the dysfunction in Washington, is going to be the candidate that lets America succeed.” He also discusses the policies of Hillary Clinton, regarding the effects on the middle class if she instituted price controls in the biotech industry, the effects on drug discovery, and changes in stock valuation. Glazer also compares Hillary to her husband, former President Bill Clinton, the eras in which they both campaign. Lastly, he also talks about who has a significant influence on Hillary.

 

CNBC

October 23, 2015

"Squawk Box" – "Don’t drink the kool aid,” warns Larry Glazer, Managing Partner of Mayflower Advisors, during his latest interview with CNBC. He cautions against getting ahead of oneself regarding the recent market rally due to supposed fundamental improvements, saying that “the companies with the worst fundamental outlooks have been leading.” The higher stock prices are not due to fundamental improvements within the economy says Glazer; rather, they have increased due to a political impact giving “our own Fed dovish cover ahead of the political elections.” Glazer also talks about the effects of China cutting rates, saying not to immediately buy into companies attributing their losses to currency changes, because they certainly don’t attribute their gains to currency changes.

 

Fox News

September 28, 2015

"Gold Hits 5-Year Low" – As the price of gold falls, Neil Cavuto interviews Managing Partner Larry Glazer to see what all the commotion is about. Glazer compared gold with an insurance policy, saying that it is something you have, but you hope that you don’t need. Essentially, commodities are a cyclical investment and China is a big buyer of metal, however, due to their weakened economy, China pulled back the reins on gold. That, coupled with the stronger dollar and looming higher interest rates, has caused the price of gold to drop, “creating turmoil in the currency world,” says Glazer. This is not but a part of gold’s cyclicality, and people just have to “stomach the ride."

 

Fox Business News

September 17, 2015

"Glazer: The Fed Should Raise Interest Rates" – During his interview with Fox Business News, Larry Glazer, Managing Partner at Mayflower Advisors, says that “the Fed is between a rock and a hard place” when it comes to raising interest rates. The retirees will be happy that their savings are earning money again, but investors and those in emerging markets will be unhappy because the higher rates will lead to decreased sales. Glazer also talks about the blame, saying that it is misplaced on the Fed, when it should be placed on Washington. The Fed is simply doing their best to fix the problem.

 

MSNBC TV

August 31, 2015

"What's Ahead After a Wild Week for Stocks?" – Managing Partner Larry Glazer interviewed with Alex Witt of MSNBC about the future effects of the 1,000 point drop that occurred earlier this week. Glazer points out the positives of this drop. He states that volatility is here to stay, and that this overdue correction gives people a chance to alter their portfolios if they’re concerned about volatility. However, Glazer only cautions those who are overinvested because they were too aggressive, stating that “trees don’t grow to the sky” and since the market constantly rises and falls, others shouldn’t be worried but they should “buckle up and get ready for a roller coaster in the month of September."

 

CNBC

August 28, 2015

"Squawk Alley" – "Monday was the wild west on Wall Street,” says Larry Glazer, Managing Partner of Mayflower Advisors, during his interview with CNBC, referencing the “horrendous week of market trading” and the 1,000 point drop. He talks about how the retail investors are hurt, but are not to blame for the breakdown of the system. Glazer mentions that this drop gives investors a chance to prepare for increased future volatility that will occur, pending the Fed raising interest rates.

 

Fox News

August 28, 2015

"Democrats Bashing Wall Street Amid Recent Market Turmoil" – During this interview with Fox News, Larry Glazer, Managing Partner of Mayflower Advisors, firmly clarifies the difference between Wall Street and the business community. He states that the latter “have no voice, they feel disenfranchised, they don’t have special interests backing them, they don’t have political action committees backing them.” In reference to Donald Trump’s intention to go after hedge funds, Glazer says that Wall Street can take care of itself because it has plenty of money, but that the rest of the people need a voice. That is why they are gravitating towards candidates who are not from the establishment, because career politicians tend to answer to the big businesses.

 

CNBC

August 20, 2015

"Closing Bell Exchange: Market's Perfect Storm" – "With all this turmoil you create opportunities,” says Managing Partner Larry Glazer during his interview with CNBC. Glazer talks about the low oil prices, the destabilization in the Middle East, and why he believes that the increased risk assumed by investing in these oil companies will have great rewards in the future. He says that the destabilization will increase energy prices and also cause a resurgence of many Asian economies. Glazer cautions against investing in “some of these high multiple technology and biotechnology names that are getting hit today,” and instead urges people to look at the low priced oil companies.

 

CNBC

July 14, 2015

"Closing Bell" - During this interview with CNBC, Larry Glazer, Managing Partner of Mayflower Advisors, discusses the low energy prices and how the “beaten up oil sector is a great [investing] opportunity” at this time. He cautions against investing in multinationals, because at this moment it is all about earnings, and "innovation economies" have a lot of potential for higher earnings. As an example, Glazers mentions that the Iran Nuclear Deal will be good for US oil companies. He also explains that some companies have not been making their numbers lately simply due to the stronger dollar.

 

Fox News

June 29, 2015

"Stocks Plunge as Debt Problems Mount in Greece and Puerto Rico" – Neil Cavuto asks Managing Partner at Mayflower Advisors, Larry Glazer, about the validity of the bailout fears regarding Greece’s bankruptcy. Glazer states that “Greece is just a preview of the movie,” and that we should be more concerned with the financial state of Puerto Rico, due to its geographic proximity to the US. He also comments on the low interest rates, saying that at this time people are not looking for risky investments, rather they prefer "safety plays." Glazer says that this lack of respect for risk is cutting off new companies and instead, rewarding savers. He believes that rates will be raised soon, but also that the next financial crisis could be Puerto Rico, and therefore that’s where we should continue to focus our attention.

 

Fox News

June 1, 2015

"Your World" – Neil Cavuto brings on Larry Glazer to weigh in on how Americans are making more money, but not spending significantly more. "Why? Because the consumer is saving more money. They're saving more because they're not feeling the enthusiasm." Argues Glazer, "The consumer is doing what the consumer should do… They're squirreling away their nuts for the rainy day." Asked about forecasts for June, given June's historical tendency towards poor performance, Glazer says, "Much has been said about this ‘June swoon.' At the end of the day, the stock market's actually fairly logical and the market will track earnings. And earnings have been pretty sluggish right now." Glazer went on to comment on the economy's 1st quarter flat growth, and how there could be potential for growth "but the earnings just aren't there right now."

 

Wall Street Journal

April 24, 2015

"Apple to Tap a Hungry Debt Market" – Fixed-income trading report at the Wall Street Journal, Katy Burne, brings on Larry Glazer, managing partner at Mayflower Advisors, to discuss the highly anticipated debt that Apple has stated it plans to issue. Asked about the issue, Glazer believes "the market right now wants higher yields rather than higher quality."

 

Reuters

April 22, 2015

"State Street lags with financial advisers as market share slips" – State Street bank sold the first exchange-traded fund in 1993, but has recently fallen flat when competing for market share, reports Reuters.  Losing the number two spot to Vanguard during the 1st quarter, State Street does noticeably less for advisers than its competition, providing limited data and tools. "State Street is a notable laggard in adviser support," states Larry Glazer. "[It's] almost a laughing matter in the industry." In a survey of almost 1,500 financial advisers, State Street ranked fifth amongst ETF providers when it comes to brand loyalty (according to research firm, Cogent Reports).

 

Bloomberg

April 10, 2015

"You've Never Heard of the Bull Market's Best Stock Pickers" – Famous stock pickers have been surpassed in recent years by bond legends such as Bill Gross and hedge fund managers such as Carl Icahn, reports Charles Stein. Investors have stayed away from active stock mutual funds after losing money during the 2008 financial crisis, resulting in a shift in fame. Fund managers such as Bill Miller were once revered for their ability to outperform the S&P. Today, Larry Glazer states, "stock funds have no heroes… you couldn't find anyone to put on the cover of a magazine."

 

Bloomberg

April 1, 2015

"All Hail Jeffrey Gundlach, the New Bond King" – "Jeffrey Gundlach's first full year as a mutual fund manager was by far his worst," reports Charlie Stein. Thanks to his investment in mortgage derivatives and the 1994 rate hike, his fund plummeted 6.2% and Gundlach learned a valuable lesson on risk control.  Since then, his bond funds have been very consistent (outperforming the Barclay's US Aggregate Index benchmark in 17 of the last 22 years). Gundlach's Total Return fund has been rated five stars by Morningstar in the past, but in 2012 his firm stopped cooperating with the Chicago-based research firm after they considered the fund "not ratable." Many view him as a risky, hotheaded manager; however, the numbers prove otherwise. "His personality is not a reflection of the fund," says Larry Glazer, Managing Partner at Mayflower Advisors. "He has managed volatility better than conservative peers."

 

 

National Recognition

 

 

 

These excerpts from interviews in which the Financial Advisor participated. For a copy of the entire interview, please click on the website listed under each section. The views expressed by the Financial Advisor are his own and do not necessarily reflect the opinion of Wells Fargo Advisors Financial Network or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Additional information is available upon request.