In 2013, the Fed announced they would reduce stimulus by lowering the amount of bond purchases in the future. Naturally, the bond market threw a fit. Long term yields rose, the Fed capitulated and resumed purchases. Stocks didn't care because the economic growth was accelerating. In 1994 and 2013, stocks didn't care about rate increases. In 1972 and 2000 stocks cared a lot about the rate increases. Long term interest rates are on the move. While the central banks focus on mov