[Xiaomi: U.S. bond yields are approaching the 5% "warning line" and the stock market may face a 5%-8% correction] On September 2, Grace Peters, head of global investment strategy at JP Morgan Private Bank, said that rising bond yields pose a major risk to global stock markets, and September has historically been a weak month for U.S. stocks. Peters believes there is room for further gains in both U.S. and European stock markets this year, but she warned that there could be a 5% to 8% correction ahead of risky events such as the U.S. midterm elections in November. However, she sees this as healthy profit-taking rather than a structural collapse.