Tech has been one of the most affected by the grow at all costs mentality that is untenable when capital is not essentially free. In other words, tech saw the

Tech has been one of the most affected by the grow at all costs mentality that is untenable when capital is not essentially free. In other words, tech saw the largest and fastest inflationary valuation period in decades under loose fed policy. It’s now seeing a similarly fast contraction. The reason we’re not seeing similar cuts across the board (or at least as significant) is that they also didn’t grow as significantly in the years prior.