Grace Peters of J.P. Morgan Chase said that although rising bond yields place higher demands on profit growth, the stock market can continue to rise. Peters cites several factors driving higher bond yields: strong economic growth data, the supply of bonds entering the market to finance artificial intelligence infrastructure, and concerns about inflation caused by oil prices rising above $100 per barrel. She said that fixed income assets still have a place in the portfolio, but they need to be selected; in contrast, she favors stocks because she expects the market to usher in a “supercycle” of expanding profits. “Our confidence is really in stocks, and we think stocks will be a growth engine for our portfolio,” she said in an interview with Bloomberg TV. Peters said that in the face of rising yields, the stock market did not take it lightly. She pointed out that the 10-year US Treasury yield had a cumulative change of about 40 basis points this month. “This hasn't reached the margin of change of two standard deviations, and only to that extent can really disrupt the stock market. “But the stock market is clearly going to react to this, and I think the market has absorbed this factor quite a bit,” she said.

Grace Peters of J.P. Morgan Chase said that although rising bond yields place higher demands on profit growth, the stock market can continue to rise. Peters cites several factors driving higher bond yields: strong economic growth data, the supply of bonds entering the market to finance artificial intelligence infrastructure, and concerns about inflation caused by oil prices rising above $100 per barrel. She said that fixed income assets still have a place in the portfolio, but they need to be selected; in contrast, she favors stocks because she expects the market to usher in a “supercycle” of expanding profits. “Our confidence is really in stocks, and we think stocks will be a growth engine for our portfolio,” she said in an interview with Bloomberg TV. Peters said that in the face of rising yields, the stock market did not take it lightly. She pointed out that the 10-year US Treasury yield had a cumulative change of about 40 basis points this month. “This hasn't reached the margin of change of two standard deviations, and only to that extent can really disrupt the stock market. “But the stock market is clearly going to react to this, and I think the market has absorbed this factor quite a bit,” she said.