Morningstar Investment Conference: What To Do During Fed Hiking Cycles

Value investors have been enjoying a recovery of value strategies, but one fund manager says that won’t last long. At the Morningstar Investment Conference on Monday, Michael Grant, co-CIO and head of long/ short strategies at Calamos, said growth outperforms value during Fed hiking cycles. What To Do When You’re Not Fighting The Fed He said the bond markets have experienced their worst crash since 1994. Over the last six months, the Federal Reserve has shifted from a view of transient inflation to wondering where the upside risks are. According to Grant, the tightening path should have the federal funds…