Oils relentless move up to now 3+ year highs and the rising trend in commodity indexes is good to keep in mind. In regard to interest rates of course but maybe some perspective on the virtually uninterrupted rise in stocks from early 16 till this now.
The crash in oil price starting in the summer of 14 was powerfully deflationary. Leaving I would argue one thing to inflate; paper assets and that old reliable real estate.
Regression to the mean time?