Bloomberg Surveillance Single Best Idea with Tom Keene: Jim Caron & Anurag Rana
Feb 13, 2026
A lively breakdown of last week’s market turbulence and how inflation shifts shaped trading. A discussion on why equity volatility outpaced fixed-income moves and where repricing pressure landed. A look at cloud and enterprise software resilience and why major vendors tend to stay entrenched. Short takes on contagion risk between public and private markets.
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Equities Take The Brunt Of Repricing
- Equity markets are bearing the brunt of recent repricing while public fixed-income markets show uneven risk distribution.
- Jim Caron highlights that contagion risks are limited by fire breaks between public and private markets.
Focus On Concentration Not Uniform Risk
- Monitor where volatility is concentrated rather than assuming uniform market stress.
- Use fixed income blending strategies to manage uneven risk across assets, as Jim Caron suggests.
Sector Repricing Can Stay Contained
- Market repricings in specific sectors can create concentrated volatility rather than system-wide failure.
- Jim Caron points to fire breaks that reduce contagion from equity shocks into other markets.