The Fed boosted rates, but stock ETFs rallied.

The Fed is expected to hike interest rates by 25 basis points this Wednesday.

Bond ETFs have struggled this year as the Fed gears up to combat high inflation.

‘USO’ and ‘BNO’ are up 33% and 44%, respectively, so far this year.

‘RSX’ and ‘ERUS’ lost a quarter of their value on Monday.

‘RSX’ dropped more than 20% after Russia invaded Ukraine.

Geopolitics has overshadowed inflation/interest rate fears in recent days.

Sales are still growing, but more slowly than they have over the past two years.

The largest bond ETF, ‘AGG,’ has never seen two straight years of negative returns.