Recent market data reveals substantial drawdowns across various asset classes, with notable declines in major technology stocks and cryptocurrencies. As of mid-March 2025, Tesla has fallen 65% relative to gold, while Microsoft, Google, Amazon, and Apple have seen declines of 38%, 34%, 36%, and 29% respectively against gold. Year-to-date returns indicate that the S&P 500 is down 6%, the Nasdaq-100 (QQQ) is down 9%, and the Russell 2000 (IWM) has decreased by 11%. In contrast, bonds have gained 4%, and gold has appreciated by 14%. Specific stocks have experienced significant declines, with Tesla down 51%, Microsoft down 19%, and Bitcoin down 27%. Additionally, Dogecoin has dropped 67%, while lesser-known cryptocurrencies like Trump Coin and Fartcoin have seen even steeper declines of 86% and 91%, respectively. Gold miners have outperformed, with a 23% increase in 2025, while big tech stocks have collectively dropped 7%. This trend raises questions about potential capital rotation in the market.