BULLS must believe this or else...You have to believe that the omnipotent FED will and can magically (with their tools lol) gently reduce inflation keep markets at all time high valuations, not blow up the bond market, not destroy the dollar, solve climate change, fix racial inequality, fund a bloated insane spendthrift government forever, make social security solvent, report accurate data (they are fudging inflation numbers again next month) and do all of this seamlessly so that everyone gets rich, no one ever suffers any loss while baking you a tasty apple pie.
GL with that thesis