The Fed is hiking. Why isn't UBS worried about stocks?

Go back to The Fed is hiking. Why isn't UBS worried about stocks?
PowerShares QQQ Trust, Series 1 (NASDAQ: QQQ) Delayed: 741.09 -6.37 (0.85%)
Previous Close $747.46    52 Week High $119.66 
Open $746.97    52 Week Low $94.84 
Day High $747.13    P/E N/A 
Day Low $738.19    EPS $0.00 
Volume 24,014,811       

S&P DEP RECEIPTS (NYSE: SPY) Delayed: 768.54 -4.84 (0.63%)
Previous Close $773.38    52 Week High $219.60 
Open $772.79    52 Week Low $181.02 
Day High $773.05    P/E N/A 
Day Low $766.50    EPS $0.00 
Volume 23,333,245       

ISHARES 20+ YEAR TREASURY BOND ETF (NASDAQ: TLT) Delayed: 80.30 -1.45 (1.77%)
Previous Close $81.75    52 Week High $143.62 
Open $81.48    52 Week Low $118.66 
Day High $81.51    P/E N/A 
Day Low $80.23    EPS $0.00 
Volume 32,407,728