Bullshit. Take a look at the top ten Dow decliners today. They are trade sensitive. Are you telling me that APX and JPM should go DOWN on rate hikes?
The Fed have been in the process of popping those bubbles ever since Trump got elected.
If what you say is true dumb investors buy the liberal news media narrative too.
That the Fed has aready raised rates 6 times and SAID they will continue this til 2020 shows that they are in a process long term a few years already since Trump of popping that stock market bubble and crashing the economy to get rid of Trump.