Another volatile day on Wall Street Monday, with the Dow moving in and out of correction territory several times during the trading session.
Despite the wild swings, Rob Lutts, president and chief investment officer at Cabot Wealth Management, tells CNBC's "Power Lunch" he is still bullish.
"There are low yields on all interest rate oriented investments and low energy prices are very positive for the world's largest energy consumer," Lutts said.
Lutts believes the key is a re-test of the markets in the coming weeks. If it's a shallow re-test, we can expect a strong finish to 2015. However, if it's deep, expect trouble ahead.
In a volatile environment, Lutts is avoiding energy, utilities, materials and telecommunications.
"Oil will be low for several years [and] conservation and interest rates will be more of a negative for the utility sector," Lutts said.