1016 GMT - Stocks will be buoyed by earnings strength and resilient growth even as higher borrowing costs prompt a weakening in equities sentiment, JPMorgan's Mislav Matejka writes. "Equities got hurt by the spike in bond yields, but we do not think this will persist," Matejka writes. Bond yields will likely pull back from recent highs, while the Federal Reserve's tightening confirmed the strength of the economy. Corporates will continue to meet elevated earnings expectations and inflation will not run out of control, Matejka says. Though French political headwinds will remain, the CAC 40 has already weakened significantly, suggesting the risk is already priced in by markets, they say. The CAC 40 falls 1.1% and is down 4.1% for the year.