A $470 billion investment chief at JPMorgan tells us the one thing that could turn a healthy market

Bob Michele, chief investment officer for fixed income, currencies and commodities at JPMorgan Asset Management, tells Business Insider inflation expectations are key to the market's fortunes. Michele manages $470 billion in assets.  Michele believes equity markets can absorb rising bond yields — barring an inflation spike that makes Treasury rates jump more quickly than foreseen. Ongoing monetary easing from the European Central Bank and the Bank of Japan could provide some downward...