Grace Peters, Head of Global Investment Strategy at JPMorgan Chase Private Bank, warned that if the 10-year U.S. Treasury yield further rises to 5% (currently at 4.8%), U.S. equities could face a "healthy correction" of 5% to 8%. She also noted that the 30-year U.S. Treasury yield has hit a 19-year high. Despite this, Peters remains optimistic about the full-year performance of U.S. and European equities, and believes that the expansion of AI infrastructure will drive up electricity demand, favoring the utilities sector.