Nick compares current market to 1999: yields and stocks both rose during rate hikes.

So Nick said, hey, there was three rate hikes in 1999, and the NDX did a 51% move after the first hike. And the 10-year yield went from 4.7 to 6.5 in the same calendar year. So he's saying, hey, we've seen this movie before. All the way back in 1999, so we can go back to here, okay? Yields ripped even higher. I don't know where he's getting these exact numbers, because these look a little different. But yields went up and stocks went up. This is not going to go back. Well, stocks went up huge, like massive move up in stocks, move up in yield as rates were hiking.