Calamos' Freund: 'It's very hard to be pessimistic about the broad market'

Calamos' Freund: 'It's very hard to be pessimistic about the broad market'

From Money Life with Chuck Jaffe by Chuck Jaffe

July 8, 2026 · 1h 1m

About this episode

Matt Freund discusses the resilient economy and its implications for the Federal Reserve, while Meb Faber shares insights from his new book on the bull market.

Matt Freund, co-chief investment officer at Calamos Investments , says a resilient economy is producing "shocking numbers for a mid-cycle economy," powering through problems in a way that puts the Federal Reserve on hold, avoiding interest rate hikes this year and returning to a bias towards cutting in 2027. Freund thinks that it's "back to the future" for the Fed, with new chairman Kevin Warsh bringing the central bank to where less information and guidance makes for more policy flexibility, even if it results in some additional volatility since the policy path will be less well-defined. Freund says the chances of recession in the next year are low, but that investors have to remain cognizant that "every mountain has two sides and, at some point, the string of good years can't go on forever." Meb Faber , chief executive and chief investment officer at Cambria Investments , returns to the show a day after his Big Interview appearance to discuss his new book, "Investing in America: The Rise of a 250-Year Bull Market." He discusses what he expects the future to look like and why the bull market can continue almost indefinitely but why investors may not want to focus entirely on…

More episodes of Money Life with Chuck Jaffe

Explore listener stats, chart rankings, contacts and more on the Money Life with Chuck Jaffe podcast page.