I highly doubt there will be an economic reset. We've known there would be rate hikes once QE ended when QE started. That's the point of QE (to artificially lower interest rates by printing more money). Large domestic corporations like Apple and Cisco are largely unaffected. They don't need to borrow cash, they have more than enough on hand. Raising interest rates will only allow them to gobble up businesses easier. As the companies strapped for cash may have troubles borrowing and selling may look more attractive.