@ShadenLines I meant, with higher rates, you get a better return on bonds because of higher yield, provided you hold them to maturity. Not true for bond ETFs as their values are derived from bond prices that tend to decrease with interest rates. There is a chance that you may never get out of a loss position with ETFs so beware.
ChiralAnomaly
Maybe you are thinking of certain inflation adjusted bond ETFs. Bonds prices go down with interest rates and bond ETFs aren't the same as bonds. I tend to use short term treasury yields as indicators of rate hikes.
If the stock market dips, I see it as an opportunity to purchase shares "at a discount".
ShadenLines
Of course bond ETFs aren't the same as bonds; we both know that. As for stocks, that's certainly true but the problem is distinguishing the discounted values from the lame buys!...easier said than done.