Why do you think there will only be missus on the Tech side and not all sectors within the market?
I imagine the Fed would eventually become accommodating with their QT balance reduction sheet but by then it will probably and already be too late.
When have they been early to helping the economy from declining in the past..?
They seem to play the game of going where the ball is or was, not where it's heading, every action/reaction is always 1-2 steps behind...
This is obviously not their intention, it's just that they are mostly basing their monetary policy decisions on lagging economic indicators.
The US markets can't defy the odds (or gravity) and go it alone whilst the rest of the world is crashing...
(20min delay)