Bloomberg Surveillance Single Best Idea with Tom Keene: Avery Sheffield & Alexis Crow
Jan 16, 2026
Tom Keene dives into the intriguing idea of whether the strong market performance of the last three years can sustain itself. Avery Sheffield shares insights on the importance of selectivity in stock picking amid this landscape. Dr. Alexis Crow elaborates on how global markets seem more responsive to monetary policy changes than geopolitical tensions, highlighting a notable example with the VIX spike. The discussions offer a blend of market analysis and investment strategies, making for an engaging exploration of current financial trends.
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Market Momentum Hinges On Data
- Markets may keep rallying until data forces a change, not because of sentiment alone.
- Avery Sheffield warns that high expectations make future stock selection require more selectivity.
Be Selective After Strong Rallies
- Be more selective in stock picking given a strong multi-year run and lofty expectations.
- Focus on quality and discernment rather than broad market exposure, per Avery Sheffield.
Monetary Policy Trumps Geopolitics
- Global markets largely ignore geopolitics and react more to monetary policy shifts.
- Alexis Crowe highlights that the biggest VIX spike came from concerns about Japan's carry trade unwinding.