According to CoinMeta, Kevin Gordon, the head of macro research and strategy at Harvest Financial ( Schwab ), stated in his analysis that even though the Federal Reserve has raised interest rates multiple times, the economy is still likely to remain stable. He pointed out that historical data shows that within 12 months after the Fed begins a rate-hiking cycle, the S&P 500 index has experienced an average maximum decline of over 10%. However, from a macro perspective, the current economic environment is still relatively favorable for the Fed's rate hikes, so it is highly probable that the economy will continue to be robust. Stock prices often respond to the Fed's interest rate actions, but this is just one of many factors that affect the investment environment and stock prices. Currently, investments in the field of artificial intelligence and inflation triggered by rising oil prices seem to be the main drivers of the stock market.