The Bond Market Is Rattled, and History Says That Could Be a Warning Signal to Investors

Key Points Bond yields rose as investors fretted about inflation, which eventually prompted a Fed rate increase. Higher bond yields make stocks less attractive, but lofty inflation can lead to something even worse. 10 stocks we like better than JPMorgan Chase › The S&P 500 index (SNPINDEX: ^GSPC) is trading near all-time highs despite a worrying list of negatives. JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon recently laid out some of his concerns, describing "geopolitical tensions and wars, sticky inflation, large global fiscal deficits and elevated asset prices" as "tectonic plates" that could collide. The CEO was clearly warning about the potential for a market "earthquake." The bond market is clearly concerned, with yields rising.