Getting conservative now while market digests recent gains, says CIBC's Chris Harvey
Speakers
Chris Harvey
— Chopping Block co-host
Summary
Chris Harvey of CIBC discusses getting more conservative on equities as the market digests recent gains, with strong AI earnings but uncertain cyclical outlook, a hawkish Fed, and Middle East uncertainty. He also sees potential for a housing market recovery in the second half if conditions improve.
- Harvey advocates reducing risk and being more conservative.
- AI beneficiaries have strong guidance; cyclical guidance is uncertain.
- Fed appears more hawkish than expected.
- Middle East tensions remain unresolved.
- Housing market could rebound in H2 if Fed communication improves.
- M&A wave expected but still distant.
- Less Fed communication could reduce market volatility.
Trade Ideas
Getting conservative, reducing equity exposure.
Harvey says they are getting more conservative and don't want to be greedy because the market has rallied quickly and needs to digest gains. He cites strong AI earnings but uncertain cyclical guidance, a more hawkish Fed, and unresolved Middle East tensions as reasons to reduce risk.
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This CNBC video, published April 30, 2026, features Chris Harvey discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Chris Harvey · Tickers: SPY