Investment Roundup – July 22

With valuations running high and volatility low, markets seem to be priced for perfection. However, this optimism may be masking certain risks, such as an unexpected inflation spike or delayed policy easing. In such an environment, one might find value in strategies that protect on both sides. Call spreads can offer modest upside participation, especially with equity volatility still subdued. Private credit may also warrant attention, particularly for those seeking shorter durations and floatingrate protection. The path forward will not be linear. It rarely is.