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Convertibles: Providing Risk Management and Positioned for a Snapback
by John Calamos Sr., Joe Wysocki of Calamos Investments, 4/6/20

The stage is being set for what we internally call the “convertible trifecta.” The markets are uncertain right now. But when markets eventually calm, the team would expect to see the combined forces of equity upside, credit upside and convert valuation gaps closing, which can be very powerful on the way back up.

When Volatility Surges, Stay Long Term
by John Calamos of Calamos Investments, 10/17/18

I believe the economy can withstand this short-term pullback and continue on its growth trajectory for the next year, if not longer. There are many reasons to be positive on the U.S. economy. Even if markets move sideways over these next months and volatility intensifies, there are still many opportunities, including in equities, convertibles, fixed income and alternative strategies.

Convertible Securities: Reason for Optimism in 2H 2018 and Beyond
by John Calamos of Calamos Investments, 7/17/18

During the second half of the year, convertibles should benefit in advancing but volatile equity markets. Convertibles have outperformed bonds during rising rate environments. Thanks to their equity characteristics, convertible securities have performed well versus bonds during periods of rising interest rates—including this most recent period.

5 Reasons to Consider Convertible Securities
by John Calamos Sr. of Calamos Investments, 7/18/17

We see a strong case for convertible securities at this point in the market cycle along with our expectations going forward.

Don’t Forget: The U.S. Market and Economy Are Resilient
by John Calamos, Sr. of Calamos Investments, 11/10/16

It’s important to keep a long-term perspective and remember that the markets are tremendously resilient. Just a few months ago, markets were roiled immediately following the Brexit referendum, only to come back strong within just a few days. In regard to the economy, Donald Trump’s victory echoes Brexit, and speaks to a widespread desire for change. It is my hope that the Trump administration will focus on developing fiscal policies that incentivize entrepreneurship, private sector growth and taking responsible risks with capital.

Economic Outlook January 2016
by John Calamos, Sr. of Calamos Investments, 1/14/16
In 2015, we saw significant bifurcation between the haves and have-nots (within asset classes, across asset classes and among economies), as well as high volatility. We expect bifurcation and volatility to remain dominant themes in 2016, making positioning especially important. The year has gotten off to a rocky start, but we believe 2016 ultimately will prove to be a low-return environment. We expect elevated volatility as market participants grapple with a range of unknowns.

Economic Review and Outlook
by John Calamos, John Hillenbrand, David Kalis, Nick Niziolek, Eli Pars of Calamos Investments, 11/2/15
The third quarter proved difficult for investors as apprehension about slowing global growth and monetary and fiscal policies converged. Volatility soared while equities declined sharply and commodities plummeted. Heading into the final months of the year, our positioning is cautious but reflects our view that the markets offer many opportunities, particularly among growth-oriented equities and convertibles, along with high yield.

Investing Through Volatility: Finding Opportunities in a Slow-Growth Environment
by John Calamos, Sr. of Calamos Investments, 10/7/15
We continue to believe the U.S. stock market is in a reset period, as investors contemplate the prospect of slowing global economic growth, mixed messages from the Fed (potential tightening) and the continued easing from other central banks (Japan, China and the ECB). Market participants seem concerned about the central banks’ inability to manufacture inflation after several years of near-zero interest rates. These concerns have resulted in higher volatility, catching many investors off guard.

Staying Level-Headed in the Face of Fed Uncertainty
by John Calamos, Sr. of Calamos Investments, 9/25/15
As we know, uncertainty about the Fed’s plans for raising short-term rates remains a key driver of market volatility. It’s understandable that investors are afraid to be in the markets and at the same time, afraid to be out. Whenever rates do rise (probably before the end of the year), there’s every reason to expect continued heightened equity market volatility. Even so, I view a more normal interest-rate environment as long-term positive—for the economy and for the equity market.

Market Reset, Not Recession
by John Calamos of Calamos Investments, 9/2/15
In our view: Neither the U.S. or global economy is headed for recession; instead, we are seeing a market reset that is not entirely unexpected. Markets are likely to be extremely choppy over these next months, and we may see additional corrections. Over the near term, energy and commodity prices will remain volatile, with global interest rates and currency turmoil adding to the headwinds. Market dislocations are providing us with select opportunities to establish and build positions in fundamentally strong companies, worldwide—including in emerging markets.

China Commentary by John Calamos: Market Reset, Not Recession
by John Calamos Sr. of Calamos Investments, 8/26/15
The global market selloff of these past days has tested the mettle of many investors—particularly as the turmoil has followed an unusual period earlier this year, where equities delivered healthy advances with very little volatility. While we’ve gone on record saying that we expected volatility to persist (including in our most recent Outlook), we have been surprised by how severe the downturn has been. However, experience teaches that there can be many opportunities in volatile markets.

Mid-Year Outlook: Global Economy Likely to Withstand China, Greece
by John Calamos, Sr. of Calamos Investments, 7/23/15
The global markets and economy should be able to move higher for the remainder of the year, with accommodative monetary policy and well-contained inflation providing tailwinds. The U.S. looks set to extend its not-too-hot, not-too-cold recovery, while Japan is benefiting from stimulus and pro-market reforms. Although economic conditions in Europe remain fragile and uneven, growth looks to be accelerating overall, and we believe the European Union has the tools to prevent a broader Europe contagion should the Greek bailout resolution fall apart.

Convertibles Address Multiple Investor Needs
by John Calamos, Sr of Calamos Investments, 3/31/15
I began investing in convertible securities during the 1970s, and since then, I’ve seen an exciting evolution of the asset class—from little-known securities to a global asset class totaling approximately $342 billion USD today, including issues from household-name companies worldwide. Clearly, what began as an “alternative investment” has become much more mainstream.

Advice for Investing in Today's Volatile Markets: 5 Points
by John Calamos of Calamos Investments, 1/29/15
In my view: (1) Volatility will likely continue at an elevated level. Falling commodity prices, global growth fears and political uncertainties in the euro zone are among the factors that will add to volatility in the markets over these next months. (2) The U.S. stock market can continue to advance for 2015. (3) Investors need to look through the short-term volatility and position their portfolios proactively and strategically. (4) Diversification is important?but bonds aren?t necessarily the right answer.

Despite Volatility, This Bull Is Likely to Charge Higher
by John Calamos, Gary Black of Calamos Investments, 10/22/14
As the fourth quarter begins, the market has found itself engulfed in anxiety. Volatility has surged in the equity markets while the 10-year Treasury yield has dropped to 2%-leading some to question whether this bull market is breathing its last breath. We believe: * Global GDP growth will likely be in the 2.0%-3.0% range. * The U.S. is in the 5th or 6th inning of recovery, with slow but improving growth. * Despite the surge in volatility, this bull market has more room to run. * A balance of secular and cyclical growth companies presents the most attractive portfolio for this mid-cycle phase.

Why Growth Stocks Now?
by John Calamos of Calamos Investments, 9/11/14
After five years of a strong bull market, I believe theres still room for stocks to advance. Growth stocks look especially attractive. At 1.23, the premium for growth over value remains lower than the historical average of 1.44. Even when we omit the tech bubble from the long-term average, the 1.23 premium for growth is lower than that 1.37 average.
16 results found.