September interest rate hike: Does a rate hike by the Fed in September really matter that much for stock investors?
Unlike many comments in the media, the following empirical analysis suggests that a rate hike won’t tell much about
1) the direction of the stock market,
2) the dispersion of stock prices or any
3) impact on factor based investments.

What Rising Rates Won’t Do (by Fei Mei Chan, S&P)