Probably will be good to wait out till 3rd quarter? FED not backing out even the Bank are in Crisis. Shares slumped and every buying in 2021 is even cheaper in 2022 and getting worse in 2023. Though it is really looks attractive to grab a few good blue stock at a runaway price. According to World Economic report :

Between 2007 and 2009, the globe experienced The Great Recession, a protracted period of extremely bad economic conditions. During this recession, global commerce decreased by more than 15% between 2008 and 2009. Each country experienced the slump differently, varying its size, impact, and rate of recovery.

According to a thorough new study by the World Bank, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies that would cause them long-term harm. This is because central banks around the world are simultaneously raising interest rates in response to inflation. According to the research, interest rates have been rising this year by central banks all over the world with a degree of coherence that hasn’t been seen in the preceding fifty years. This trend is anticipated to last far into next year.