I wonder how crypto rolls into all of this. A crypto collapse could have wider impact to the market.
As crypto and the stock market deflate, they will have to sell assets to cover their collateral difference. This means tax, which means more sales. This is going to continue all the way down. I would expect housing price crashes in local markets that skew towards tech.
I suspect this is the crypto bubble burst vs the dotcom burst 2.0. But if you were frisky enough to invest in crypto you deserve what is coming, just like a pets.com investor in 2000.
So many people are insanely leveraged.