The Top-Down Director's View on the Fed's Race Rates

The two views are very much at odds and I'm afraid you're going to get hurt. What do the chief strategists see that the individual analysts don't? Every time the Fed raises rates every time earnings estimates for 2023 have to go down. They know this because every day rates go higher like today stocks give up their gains. Now there is always hope the top-down directors can't be sure that rates will keep marching higher.