Sean O’Hara says strong bank earnings are masking growing uncertainty tied to energy volatility and geopolitical risk. He explains why JPMorgan Chase (JPM) is focused on consumer resilience and guidance risk, as markets rotate away from the Magnificent Seven toward free‑cash‑flow‑rich companies. O’Hara also outlines an alternative A.I. strategy centered on infrastructure plays, including energy pipelines, data centers, and critical hardware providers.