Market data for calendar year 2022 shows a large, sustained correction in high‑growth and tech‑related asset prices relative to their 2020–2021 peaks:

• The tech‑heavy Nasdaq Composite fell about 33% in 2022, its worst annual performance since 2008, driven largely by sharp selloffs in high‑growth technology names.【turn0calculator0】
• Popular high‑growth/"innovation" ETFs such as ARK Innovation (ARKK) suffered even steeper drawdowns: ARKK was down roughly 67% in 2022 and over 80% from its February 2021 peak, reflecting a severe repricing of unprofitable and high‑multiple tech stocks (widely reported in financial press and fund performance summaries).
• Many individual high‑growth tech stocks (e.g., pandemic beneficiaries in software, e‑commerce, fintech) declined 60–90% from 2020–2021 highs during 2022, as documented in year‑end 2022 market reviews and drawdown tables across major financial outlets.

Taken together, 2022 was clearly characterized by a broad, deep, and sustained correction in high‑growth and tech‑related asset prices from the elevated valuations of 2020–2021. This matches the substance of Sacks’s prediction that 2022 would be a “year of the correction” in those assets. Therefore, the prediction is best judged as right.