Bloomberg Surveillance Single Best Idea with Tom Keene: Lisa Shalett & Erin McLaughlin
Dec 4, 2025
Tom Keene dives into insightful market outlooks with Lisa Shalett, stressing the importance of realistic expectations for 2026 and the potential for double-digit earnings growth. Erin McLaughlin shares her diverse background, highlighting the impact of trade decisions on onshoring timelines. The discussion also touches on recent surprises in earnings and margins, signaling optimistic trends for the upcoming year. Expect a blend of expert analysis and intriguing market strategies!
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Set Realistic Earnings Expectations For 2026
- Lisa Shalett warns investors to set realistic expectations for 2026 growth assumptions.
- She expects 10–12% year-over-year earnings growth, not 15–20% gains driven by policy tailwinds.
Don't Extrapolate Policy Into Exuberant Gains
- Shalett cautions against extrapolating policy changes into outsized corporate gains.
- She argues rate cuts, tax cuts, and deregulation likely won't produce 15–20% earnings jumps.
How Guest Bios Save The Show
- Tom Keene describes Bloomberg's guest prep process where bios and titles help him remember details.
- He jokes about relying on email bios because he can't recall guests' names and roles otherwise.