The macro economic setup doesn’t look good for small tech or growth stocks in general. Big tech I’m less worried about. We have central banks rising interest r

The macro economic setup doesn’t look good for small tech or growth stocks in general. Big tech I’m less worried about. We have central banks rising interest rates to fight inflation, caused by wars and massive monetary and fiscal stimulus to fight Covid. these hikes impact valuation multiples used to value tech and unprofitable startups. We have a supply chain shock caused by war in the Ukraine, the aftermath of Covid and Chinas second lock down which could lead to stagflation. The only silver lining I see is that big tech prints money, is in many areas essential for cost reduction and has excellent balance sheets. In summary Im more worried about the general economy tear down than the tech tear down, especially in the later half of this year and 2023.