If the fed will stop the money supply that much as they said will do rate hikes it means 80% of the money supply will be gone and we talking about 60-80% asset prices fall.
How do you come to this conclusion?
While rate hikes will make it less attractive to buy assets on leverage (ie. credit) it doesn't mean that "80% of the money supply" will be gone. It just means that the money supply will increase at a slightly slower pace, or at least that's what the Fed is hoping for.
While stock market prices will fall eventually the way they always do, it does seem that in a weird twist of fate both the pandemic and the war in Ukraine cooled the markets down a bit before they could get too far ahead of themselves.