I think it's just a short drop. Investor are selling to take profit. More companies are sweeping up bitcoins over last few weeks. It will break through $100K and even $150K
"What is important that will constrain how far the Fed can go is the extreme level of debt. At a record $83 trillion of public and private debt, if the Fed goes as much as what is priced in, we are talking about $330 billion being drained out of the economy for debt servicing charges or about 1.5% out of GDP." -Dave Rosenberg*WHAT IS THE QUOTE ABOUT ?The quote above thematizes the FEDs current interest rate course. As you can see, the overall debt levels publicly, as well as privately are extremely high. This combined with interest rate hikes lead to a lot of financing issues. This mostly afflicts growth stocks, since they normally have a lot of debt and close to no earnings to pay their interest, but also close to every other stock, raising the question how far the FED can go in hiking in