Aggressive rebalancing of portfolios in face of global uncertainty (supply chain, war, interest rate hikes/QT). Lots of handwringing, but sell-off of last 3-4

Aggressive rebalancing of portfolios in face of global uncertainty (supply chain, war, interest rate hikes/QT). Lots of handwringing, but sell-off of last 3-4 months has been extremely localized to growth tech. All the rest pretty OK. It's just that wall street whales no longer have an appetite for speculation, and they pulled out fast and hard. This speculative money is going to return at some point (6 months, 2 years (?)), ironically likely to the same companies that saw 50% valuation cuts this year.