What about the Stock Market?

We’ve seen MASSIVE selloffs this year in the financial markets. Let’s take a look at some of the crazier ones.
YTD performance (at the time of writing this article)
$S&P 500 Index(.SPX.US)$ is down -19.16%
$Dow Jones Industrial Average(.DJI.US)$ is down -8.87%
$Nasdaq Composite Index(.IXIC.US)$ is down -32.33%
Bitcoin is down -64.77%
$Apple(AAPL.US)$ is down -25.72%
$Tesla(TSLA.US)$ is down -65.59%
$NVIDIA(NVDA.US)$ is down -45.33%
$Amazon(AMZN.US)$ is down -49.15%
$Roblox(RBLX.US)$ is down -71.59%
$Meta Platforms(META.US)$ is down -64.62%
$Netflix(NFLX.US)$ is down -50.12%
We can keep going on and on, but I think you get the point. Stocks have sold off hard. This could be for any number of reasons, but here is some we believe could be the case for this selloff.
1. Stocks are returning to pre-pandemic, fair valuations
2. Investors are transitioning to cash positions as the market environment is shaky
3. Investors are concerned that the Feds rate hiking campaign will push the economy into a recession $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$