The DOW remains in a broad trading channel currently ranging between 28,000 on the top and as low as 18,000 on the bottom side. Consider bonds are 10 to 1 in size compared to equities globally. Just a small amount of money coming out of bonds will blow the stock market through the roof. How can the stock market rise with rising interest rates? Remember, interest rates always rise in a bull market and drop in a bear market. Interest rates have even been taken into the negative just to support a bear market. So we could certainly see rising interest rates and rising equity markets together in the coming years.
The talking heads are going to talk this market down by claiming rising rates are bad for the stock market. This will set up the consolidation period we need to base before we lift off as shorts pile on and will need to cover thus providing the fuel needed to take this market to the next level. This bull market will not end until the retail/public have jumped in and so far we have no sign of that. A dollar rally is still in play so we could have what appears to be a flat equity market but foreigners will see the DOW rally in their currency. A stronger dollar will attract foreign capital into the U.S. markets and foreigners will not be as confused by rising rates as investors in the U.S. will be from television propaganda. This bull market will not end until DOW 40k and possibly higher.