i think a rate hike has been fully discounted now...there might be a sell off if they DON'T hike in Sept.
I guess what I was referring to was the widely held belief that if the Fed lifted, equities would get hit (except we never really saw this priced in going into August or even July). Then the markets sold off and all the talk came about with "the Fed probably won't raise" and now more recently "the Fed might still raise."
So given that the Fed raising was widely believe to negatively affect equities and the markets recent selling off for other reasons - in what scenario would the Fed's future actions result in the market rallying upward?

