Investment Team Voices

Nothing Is Obvious

Michael Grant
January 4, 2024

2024 will be different from 2023 because the balance between inflation, disinflation and the rising possibility of deflation is more nuanced. We suspect the revived bullish mood climaxes in coming weeks, giving way to a (possibly hard) consolidation into spring.

Read Post

Welcome Back, Mr. Bond

Michael Grant, Co-CIO
October 26, 2023

Low interest rates and central bank distortions have been the hallmark of the post-2008 era. The past quarter was notable for the sense that this landscape is giving way to something quite different, with real interest rates attaining their highest levels in two decades. In his latest commentary, Michael Grant sorts out the implications of this “new normal.”

Read Post

2023: Now For the Harder Part

Michael Grant
October 5, 2023

In his Q3 Investment Team Outlook, Michael Grant discusses the “harder” challenges confronting investors in the latter part of 2023, which underscore the portfolio’s emphasis on a mix of select quality GARP opportunities and cyclicals that appear too cheap in the absence of a near-term recession.

Read Post

The Easy Part of 2023 Is Behind Us

Michael Grant
July 3, 2023

There is a further mild upside for equities, but equities are not in a new bull market, according to Michael Grant, Senior Co-Portfolio Manager of Calamos Phineus Long/Short Fund. Beyond summer, rising volatility seems inevitable as investors await the resolutions of key debates, including the one over Fed policy.

Read Post

A Very Different Decade Ahead

Michael Grant
June 22, 2023

Success in the coming decade will depend on tactical approaches to equity allocation, making this an advantageous environment for Calamos Phineus Long/Short Fund (CPLIX), according to Co-CIO Michael Grant.

Read Post

The Storm Clouds Keep Gathering, but Where is the Storm?

Michael Grant
April 4, 2023

Economic resilience will be the surprise in coming quarters, according to Michael Grant, Co-CIO and Senior Co-Portfolio Manager of Calamos Phineus Long/Short Fund. Grant discusses his expectation that equities can grind higher, but returns will be muted.

Read Post

Calamos Investment Team Outlooks, January 2023

January 3, 2023

The Calamos investment teams are finding cause for cautious optimism as inflationary headwinds weaken. Macro themes and valuations will remain important in 2023, but we anticipate markets to expand their focus on company fundamentals, providing a tailwind for our research-driven approaches.

Read Post

Calamos Investment Team Outlooks, October 2022

October 3, 2022

Despite market volatility and many macro-level uncertainties, our teams continue to identify opportunities across asset classes. With an introduction from Founder and Global Chief Investment Officer John P. Calamos, Sr.

Read Post