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Bloomberg Surveillance

Single Best Idea with Tom Keene: Jim Caron & Libby Cantrill

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 27 May 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. 

In this episode, we feature conversations with Jim Caron & Libby Cantrill.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

When the rest of the markets slow down, the futures market keeps moving.

0:04.9

Did you know that CME Group S&P 500 and NASDAQ 100 futures trade nearly 24 hours with great liquidity?

0:12.0

In the ETF markets, volume and liquidity lessens after 4pm until the next morning.

0:17.1

But with futures, you get trading opportunities both day and night.

0:21.1

Learn more at CMEgroup.com slash equity futures.

0:25.7

The Bloomberg Sustainable Business Summit returns to Singapore on July 22nd.

0:30.9

Our fifth annual Asia-Pacific Summit will explore how business and finance leaders are shaping the next phase of globalization by strengthening

0:38.5

resilience, advancing climate adaptation and driving a multi-speed energy transition across Asia's

0:44.8

diverse markets. Join us for solutions-driven discussions, interactive workshops and networking

0:50.5

opportunities. Learn more at Bloomberg.com slash slash SBS-S-Singapore.

0:58.3

Bloomberg Audio Studios, Podcasts, Radio News.

1:09.7

Single best idea is that every day we try to have an eclectic set of conversations.

1:15.6

I'm not going to mince words. Sometimes we fail. We do that. We take risks. We take challenges.

1:20.6

And sometimes it doesn't work out. Today was one of those days where everything was clicking top to bottom.

1:26.6

Libby Cantrell, let me get to that in a moment.

1:29.1

Jim Karen first from Morgan Stanley, and he was absolutely brilliant on the partial

1:34.8

differentials of equities to bonds, really sophisticated conversation with a physicist

1:41.0

from Morgan Stanley. So it really becomes a question of how you diversify across the equity market.

1:48.5

So clearly you want to have some growth, you want to have some value.

1:51.4

You also want to have some high quality and defensives mixed in there too.

1:54.8

The reality, though, is that you can still use bonds as a hedge, but you should have less than index duration in your

2:04.1

bond portfolio. So I think the mistake that most people are making is that they say that their

...

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