As others say, interest rates growing are like a U-turn for investments.
Silicon Valley is full of non-sense money flowing because money itself was cheap to loan.
There's a global re-alignment of the economy due to the de-globalization of politics.
Politics is just following the feelings of people, who cannot bear the current state of globalization any more: less children, less education, more old people, more bills, more taxes, more bureaucracy, no escape.
So they start being protectionists, blame migrants and close the borders.
This is true for all USA, UK, Germany, Italy, Russia and China.
Well, it was very apparent already if you actually have a look at the world's outlook today.