JPMorgan: Global rate hikes resume, stock markets still anchored by corporate earnings

JPMorgan believes that as long as the rate-hiking cycle remains shallow, the equity market, still anchored by corporate earnings, can withstand a 10-year yield approaching 6%. Large-cap stocks, technology, and communication services are expected to outperform during rate hikes. It recommends overweight positions in equities and emerging markets, and expects Brent crude to struggle to sustain levels above $100 per barrel.