On Thursday pro investors couldn't help but wonder if a 3 percent yield on the 10-year would kill the rally.
Largely the belief on the Street has been that rapidly rising rates present problems for a wide range of stocks with the resulting ripple potentially pulling down homebuilders as well as the related retail stocks such as Home Depot, Whirlpool and more.
Although the Fast Money traders concede that higher rates could unhinge the market in the short-term, they also believe the rate rise is a sign of economic health and should ignite a rally over the long-term.
And they believe sentiment is shifting rapidly; that is they think more investors are starting to view rising rates positively. Therefore, they suggest buying any S&P sell-offthat a rate spike may generate.
"The market has voted," said Josh Brown, author of The Reformed Broker blog, on CNBC's Halftime Report. "They like rising rates."