Stocks Enter Selloff Mode, Nasdaq Extends Losses

The video discusses the current market downturn, with major indices like NASDAQ and S&P 500 experiencing significant declines. It highlights the shift from tech to cyclical sectors, which are now also under pressure. Defensive sectors like utilities and healthcare are performing better despite rising yields. The fear of continued rate hikes by the Fed is causing concern about risk assets, reminiscent of past market conditions.

What concerns are raised regarding rising interest rates and their impact on the market?

What potential changes in the Fed's balance sheet are discussed, and what implications could they have?