The Federal Reserve released the " hawkish " signal, and Nasdaq fell in response

    Fed policymakers began discussing an eventual normalization of monetary policy at their December 2021 meeting, citing the need to raise interest rates earlier and begin shrinking the balance sheet in a relatively short period, minutes of the Fed meeting showed. Specifically, if the recent improvement in the labor market continues, the conditions for rate hikes may be met relatively quickly. Given the outlook for the U.S. economy, labor market, and inflation, raising the federal funds rate earlier or at a faster pace than Fed participants had previously expected might be necessary.

    The obvious "hawkish" signal released by the Fed put pressure on the US stock market. On January 5, 2022, local time, the three major U.S. stock indexes dived sharply during the session, and the Nasdaq fell significantly, down 3.34%. Large technology stocks fell across the board, Apple fell 2.66%, Amazon fell 1.89%, Netflix fell 4%, Google parent company Alphabet fell 4.59%, Facebook fell 3.67%, Microsoft fell 3.84%.

At the same time, Wall Street is betting that technology stocks will no longer dominate in 2022. Wall Street's big banks Wells Fargo and Morgan Stanley have begun to advise clients to short the high-tech companies that benefited the most from the era of low-interest rates. And turn to undervalued stocks.

    "If we see real yields rising, it's going to be a more difficult environment for tech stocks," said Christopher Harvey, head of the equity strategy at Wells Fargo, expressing concerns about tech stocks.