I have said this before. The actual rate hike might, after initial selling, be the start of a nice bull run. I am sure that the Fed will accompany a rate hike with lots of palliative language. The hike may be priced in. A hike is a sign of confidence in the economy. Oil seems to have bottomed; the deflationary scare may be becalmed. There was not a massive unwind of USD carry positions as evidenced by USD not going through the roof.