Christopher Harvey, Head of Equity and Portfolio Strategy at CIBC Capital Markets, noted that given persistent inflation, investors’ expectations that the Federal Reserve will cut rates twice more this year may be overly optimistic.He also suggested that, following the recent surge in stock prices, the U.S. corporate sector may scale back expectations for further profit growth, thereby undermining a key pillar of the bull market case.Furthermore, as events over the weekend highlighted the unknowns that could quickly resurface in 2026, Harvey warned that the coming months could be characterized by a “period of intense risk aversion.” He urged clients to position their portfolios for turbulence by shifting toward high-quality assets.Harvey’s words are worth heeding, as he was one of the few strategists last year who correctly predicted that the stock market would rebound sharply and quickly from the tariff turmoil in April. Others on Wall Street have also noted that while the events in Venezuela are limited in scope, investors should remain vigilant.