> Tech fell harder, with the Nasdaq down 11% and chip stocks down 36%, as much as they fell during Covid (35%). We'll be tracking the sell-off here with daily data updates.

That does not feel like that's the point, this feels more like "we have witnessed the beginning of a multi car pile up on the interstate, we'll be tracking it with hourly updates". Not that it's too early to tell but that it's sliding and will only get worse. So I think original commenter point is still valid.