I think "most" people in tech still think this will be over soon, mainly because we don't personally feel the impact yet. Many of us are so used to the paradigm that we have seen in the past decade. We think stocks are so "cheap" right now. But they have been propped by injected liquidity for over a decade. The correction is just starting.

The Fed has no way to fix the current supply chain shortage issue, which is half the equation in the rising inflation, their only tool in the box is aggressive rate hike to dampen demand. Essentially Fed wants demand to go way down, we don't feel the impact yet because the stock market isn't cracked yet. Fed wants it cracked.