US FED Interest Rates

Looking at the US FED Interest rates we can see that the FED has some catching up to do to where the market values are.
This would reinforce the FED increasing rates by more than 50bps.
Higher Interest Rates would increase the value of DXY and make the major FX pairs and US indexes to drop in value.
At the moment we have divergence on DXY and Bond Yields, some form of pullback may occur before the big move
With PMI tonight and and NFP next week, as well as earnings season starting in two weeks time , this will be the catalyst of moving the market lower after we have a confirmed bearish market being 20% from All Time Highs (ATH) and two consecutive negative quarters lower in value.
Very reluctant to buying stocks until have some form of equalization and institutions come into the market to move higher