The Nasdaq was up 3.19% on Wednesday and has fallen -4.12% so far on Thursday. I guess a lot of people fell into yesterday's trap?

Let's take a look at the state of the market today:
$Amazon(AMZN.US)$ -7%,
$Tesla(TSLA.US)$ -6.2%,
$Alphabet-A(GOOGL.US)$ -5.4%,
$Apple(AAPL.US)$ -4%,
$Microsoft(MSFT.US)$ -4.6%,
$Netflix(NFLX.US)$ -6.2%,
$Meta Platforms(FB.US)$ -6%,
$NVIDIA(NVDA.US)$ -7%,
$Advanced Micro Devices(AMD.US)$ -6%,
$Qualcomm(QCOM.US)$ -6%....
Technology stocks fell across the board, VIXY rose 9%, and even financial and banking stocks generally fell better than 2%. Is the market really going to crash?
Powell said on Wednesday that the current inflation rate is still severe and will continue to raise interest rates by 50 basis points to control severe inflation.
Continued interest rate hikes will consume market funds and have an impact on the capital market. In addition, inflation and economic uncertainty have exposed capital markets to the possibility of more uncertainty shocks. Institutional investors first smelled the market's bearishness and fled the market as it rebounded.
Regardless of whether the market crashes or not, I hope everyone can stay safe, keep cash, and you will have more opportunities in the future.
Franklin once said: Choice is always more important than effort. I hope you all make wise choices.
Are your stocks okay?
How are you doing now?