in a cnbc exclusive, we are now joined by john calamos from calamos asset management, from overseas, n asset management. welcome back, john. >> glad to be with you, kelly. >> we've had a lot to digest this week. we just got a bailout deal announced with greece and its creditors. oil price plunging, but energy stocks rallying. what's an investor to do? >> well, i think we're in one of those periods at this part of the cycle that there is a lot of volatility, there's no doubt about that. but i feel we're still positive on the equity markets going forward. but we are going to have more volatility of the factors that you just indicated. >> would you stick, john, with the winners so far in the second half of the year? and those would include the utilities, the financials, even. are those sectors, broadly speaking, that you like, or do you think investors should gauge this market differently? >> well, we would say the market is turning more towards the growth areas of the market. so the growth sectors rather than utilities. we think that at this phase of the market, growth will start to out