XLV - Good To Go On CGO
2024-06-13 11:25:22 ET
Summary
- This is a market in which the winners not only keep winning, but they continue to lap the broader market over and over again.
- And though everyone has been calling for a broadening out of stocks, that's not happening. So until the narrative changes, stick with what's working.
- And in CEFs, what's working are the Calamos leveraged equity and fixed-income funds. And none have been better than the Calamos Global Total Return Fund.
- With an NAV up +20.4% YTD, CGO is outperforming both the S&P 500 and the Nasdaq-100 and every other CEF out there, practically.
- And with other funds increasing their distributions, it's probably only a matter of time before Calamos raises CGO's distribution substantially. It certainly deserves it.
This may be the most bifurcated market since the dot.com era since you almost have to buy what's working if you want to make money because most everything else is not....
Good To Go On CGO