Chart below explains the return of S&P 500 after 1st rate hike was implemented by Federal reserve.
![Federal reserve rate hike and return of S&P 500](https://www.finmoov.com/wp-content/uploads/2022/03/FEd_Rate_hike.jpg)
Every year is different , we have Ukraine war crisis , Pandemic fear not completely gone and inflation is all time high. This chart is only to give you reference that how market reacted after 1st rate hike.