Good strategy. Hold on and observe the market first. //@MHh:A fearful market. Some form of panic sell and also pricing of the some of the worse scenarios as the market is usually forward looking.The possibility of a recession has risen. Even staples will not be spared as rising rates and inflation will certainly eat into profits. Even for staples, for those cash strapped, therewill be a hunt for cheaper alternatives and eating less of the pricier items.Tough days ahead. The question is if it hits recession, will it truly be a brief and/or mild one?I'm holding any buying of US stocks till thereis better clarity unless the price is too compelling. But these days, compelling prices do dip further too..