[JP Morgan Peters is optimistic about U.S. stocks as rising yields test corporate profits] On September 24, JPMorgan Chase’s Grace Peters said that although rising U.S. bond yields have put forward higher requirements for profit growth, U.S. stocks can continue to rise. Peters cited several factors pushing bond yields higher: strong economic growth data, the supply of bonds entering the market to finance artificial intelligence infrastructure, and inflation concerns caused by oil prices rising above $100 a barrel. Fixed-income assets still have a place in investment portfolios, but they need to be selective, she said, preferring equities as she expects the market to usher in a widening earnings "supercycle." Peters said the 10-year U.S. Treasury yield has moved about 40 basis points this month. "It's not quite the two standard deviation move that would really disturb stocks. But stocks are obviously going to react to that and I think the market has already priced in that to a fair degree," she said.