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Stocks are nearing a major peak and a more 'disturbed' period of weak returns is ahead for investors, CIO says

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Michael Grant , the co-CIO of Calamos Investments , said the bull market could be in its final days .

Grant said large-cap stocks could be on track for one of the best years over the last century .

The CIO said the market has suffered from "invincibility syndrome," with investors falsely believing nothing can stop further gains.