What history says about how stocks will react to the Fed's long-awaited rate hike

Markets are pricing about a 93% chance of a Fed rate hike Wednesday as inflation and rising Treasury yields push expectations higher.
Goldman: the S&P 500 often falls ~4% and typically bottoms 2–3 months after the first hike, then recovers by six months and posts ~9% median gains at 12 months.
A hike could bolster Fed chair Warsh’s credibility (markets might actually cheer it); historically energy and tech have been the strongest sectors in the first three months after an initial hike.