The Financial Post reports in its Wednesday edition that Wall Street bulls need a lot to go right if 2026 is going to deliver a fourth straight year of double-digit returns. A Bloomberg dispatch to the Post says trade tensions between the United States and its neighbours remain high. The U.S. economy is showing signs of sluggishness, interest rates are elevated even after three cuts and the artificial-intelligence trade is far from a slam dunk. Then there's geopolitics. While the U.S. military operation in Venezuela did not hit sentiment on American financial markets, the out-of-the-blue nature of the action reminded investors just how tenuous any trading thesis can be in a world undergoing generational geopolitical changes. "We think people are sleeping on the macro risks -- and this is a macro risk we didn't even see," CIBC Capital Markets' Christopher Harvey told Bloomberg on Monday. So far, the raid that captured President Nicolás Maduro has been met with a shrug on Wall Street. The S&P 500 Index rose 0.6 per cent on Monday and crude oil edged higher. Some haven assets advanced, notably gold and U.S. Treasuries, but the Cboe Volatility Index, the so-called "fear index," remains subdued, trading below 16.