Oil prices are surging, the Fed is flagging war-driven inflation risks, and consumers are already feeling pain at the pump — raising fears that a second inflation wave could undo the progress made over the past two years. We walk through whether the current macro setup is truly comparable to 2022 and what investors should do differently this time. Today&#x27;s Stocks &amp; Topics: Covered Calls, Market Wrap, The Auto Industry, S&amp;P Global Inc. (SPGI), Arista Networks, Inc. (ANET), RELX PLC (RELX), How to Protect Your Portfolio from Inflation&#x27;s Second Wave, Costco Wholesale Corporation (COST), Altria Group, Inc. (MO), Philip Morris International Inc. (PM), Industrial Supply Change. Our Sponsors: * Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com * Check out Quince and use my code quince.com/INVEST for a great deal: https://www.quince.com Advertising Inquiries: https://redcircle.com/brands

How to Protect Your Portfolio from Inflation's Second Wave

InvestTalk

This is InvestTalk from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Justin Klein. Good afternoon, fellow investors, and welcome back to InvestTalk. This is our Tuesday, July 14th, 2026 edition of InvestTalk and a lot to unpack on today's show.

Quite the move in markets. We saw the NASDAQ up nearly 1% on the day and we kind of flipped back and forth between what's leading, what's struggling. It's a very interesting market, I'll tell you that much. We are in OPEX week, so there's a lot of kind of short-term funkiness going on in markets. We also had some inflation data come in. We're going to look at this and a lot more throughout the show.

And our job here each of you weekdays is to help you become a better investor by answering your finance and investment questions and bringing you data and perspective developed over 25 years of investment experience. So, don't hesitate to reach out with your question. Now, in just a bit, we'll talk about today's market performance and run down the show topics that we'll get to throughout the hour. But first, let's tackle this caller question now. Hello, InvestTalk. Calling to ask a question in regards to covered calls.

I heard one of the podcasts and a caller asked about covered calls and Justin replied with saying that sometimes it's better to sell closer to in the money covered calls. And I was just wondering why that's the case, if we could get a further explanation on that. Thank you.

How to Protect Your Portfolio from Inflation's Second Wave

Read the full transcript

The candid version is on a podcast,
not the earnings call.

How to Protect Your Portfolio from Inflation's Second Wave

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.