Many investors worry that the present market environment of rising interest rates will decrease equity valuations and therefore lead to relatively poor equity market performance over the next year or more. From a theoretical perspective, how do these rate hikes affect the market?

Whether it is tomorrow or 5 years from now, if you are investing in a way that enables you to capture all available market returns without having to make forecasts, then the threat of a looming recession or job losses or wage decreases or a whole bevy of other worries should not sidetrack you.