The David Lin Report · Wednesday, August 12, 2026
Thomas Hayes draws parallels between the current market conditions and the 2022 tech sector correction, noting that high earnings expectations and revenue growth rates can precede significant downturns. He reminds listeners of the 2022 event where venture capital and tech funds collapsed.
“And we all know, and although people have a short memory, we all know what happened in 2022, right after earnings expectations were at all-time highs and revenue growth was at the highest rate, uh, in history, uh, is you had a cooling of the tech sector at venture capital blew up, uh, you had, uh, uh, all, you know, Arc blew up, all the tech funds blew up, the tech sector had a correction, a refresh in 2022.”