Fed fund futures imply the Fed's Federal Open Market Committee (FOMC) is done with rising rates.
They may not be, but.
The S&P 500 gained an average of 16% in the 12 months following the last seven Fed interest rate hikes.
It's a small sample size.
Anything can happen.
It may not play out so well this time, like the period leading up to 2000.
There's not shortage of market risks, so we'll see how it unfolds.