Can we see a major reversal ? (NDX, SPX, ES1!...)

Between monkeypox, upcoming CPI data, recession fear, Russia, and china I feel we have many reasons to see a correction if not a correction, the highly talked about recession. Being this is my first year as a trader at times like this I feel the most strategic thing I can do is sit on my hands. But I am eager to hear opinions and perspectives on what is to come, comment below on what you think is approaching.