DJCFD:DJI   Dow Jones Industrial Average Index
The rising in federal fund rate FEDFUNDS is currently increasing with a mild inflation rate CPIAUCSL .
Now we can see a trend that bonds and stocks are increasing altogether. That means the economy has recovered from 2008 crisis. The higher interest rate also means higher return from stock profits.
I think the increase in the combination of stock and fed interest rate ensures the safety, meaning it might not be a bubble.