- Our global outlook remains one of cautious optimism.
- We expect continued market volatility on the back of debt-ceiling negotiations and other global political uncertainties.
- We believe it is highly unlikely that the U.S. government defaults on its debt, and expect continued moderate U.S. economic growth.
- We are increasingly constructive on Europe and believe signs coming out of Japan have been encouraging.
- The U.S. equity market looks to be in the mid-cycle of a secular bull market, with more room to expand. Valuations are especially attractive for growth-oriented U.S. equities.
Calamos Releases Quarterly Global Economic Review And Outlook October 2013
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