The Fed is hiking. Why isn't UBS worried about stocks?

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PowerShares QQQ Trust, Series 1 (NASDAQ: QQQ) Delayed: 744.73 +3.26 (0.44%)
Previous Close $741.47    52 Week High $119.66 
Open $740.98    52 Week Low $94.84 
Day High $746.60    P/E N/A 
Day Low $740.93    EPS $0.00 
Volume 12,161,102       

S&P DEP RECEIPTS (NYSE: SPY) Delayed: 773.43 -0.07 (0.01%)
Previous Close $773.50    52 Week High $219.60 
Open $774.03    52 Week Low $181.02 
Day High $775.14    P/E N/A 
Day Low $772.97    EPS $0.00 
Volume 10,855,301       

ISHARES 20+ YEAR TREASURY BOND ETF (NASDAQ: TLT) Delayed: 81.78 -0.02 (0.02%)
Previous Close $81.80    52 Week High $143.62 
Open $81.89    52 Week Low $118.66 
Day High $81.94    P/E N/A 
Day Low $81.67    EPS $0.00 
Volume 7,139,514