This level of pedantry is not conducive to healthy conversation. It’s quite clear from my post what I meant: that there are not necessarily rules to how markets react. Instead, events occur, individuals form opinions on what those events mean for the future of their assets, and make bets against those predictions. This means that fears of further increasing rates driving reduced consumer purchasing can cause a suppression in prices. In fact, even the fear that others might have that fear, whether or not you believe it yourself, can drive action. The GME squeeze was a great example of this.

I believe you also understood precisely what I meant, and are trying to form a gotcha.

In any case, I’ve lost the plot on your point here. That interest rates impact spending and corporate decisions is verifiable fact, using the ever-elusive scientific method which you’ve so helpfully educated me about. If you truly believe in this method, I’d suggest you exercise it and watch how interest rate changes shift economies and markets every time they happen in history. It just so happens to be precisely the exact reason why the Fed moves them in the first place. It was widely discussed when rates began rising that the impact would likely be an increase in unemployment. The Fed specifically addressed this point, and stated that while it was not an explicit goal to increase it in this case, it may happen.