Bulls can´t fly. Or do they ?

In response to the Corona Crash, the Trump administration immediately lowered interest rates to the lowest level.
The economic consequences of this are still having an impact. In addition, to combat historically inflationary conditions, interest rates are being raised faster than ever before.

This is very interesting to look at analogically. When the market crashed and the government switched to the zero interest rate policy, we had strong upward growth with new historical highs in the market.

So ask: What happens in a falling market, which has been fed by fresh money in recent years, in which interest rates are now being raised?