Looks like the markets take rate hikes in stride and would enjoy the holiday party for now

So better to be back in so as not to miss the party.

Time to underweight stocks and overweight cash; risk off

I have done that a few days ago. The Fed seems to be eager to raise rates prematurely. China's greedy yet silly investors are near the peak of their upward push. Good news in the rest of the world is largely priced in and we can have some bad news coming like what mentioned above.