JPMorgan's Peters Favors Stocks Amid Rising Bond Yields

JPMorgan's Peters has expressed her preference for stocks as bond yields rise. According to Peters, rising bond yields will challenge earnings growth, but equities can still climb. Several factors are driving up bond yields: strong growth data, supply from financing artificial intelligence infrastructure, and inflation fears tied to oil prices above $100 a barrel.

Peters believes fixed income has its place in portfolios, but requires selectivity during this time. Instead, she is favoring equities due to what she expects will be a 'broadening earnings supercycle'. The exact timing of this supercycle is not specified in the article.