Semiconductor Earnings Sugar Rush Likely to Fade, Says JPMorgan's Peters

Grace Peters, global investment strategy co-head at JPMorgan Private Bank, calls semiconductor stocks "the epicenter of this drawdown," but says that earnings assumptions show markets are "reasonably valued." She says the firm doesn't have a reason to step back from investing in equities as they set a price target on the S&P of 8,600 for December 2027. She speaks on "Bloomberg Surveillance."