They will work it out. I forget the year for this stat but I think it was in the 70’s. This has happened 78 times before. Listen to The Money Guy Show episode from May 10th if you want to understand more.
The news just likes to hype it up. As all others have said, this is market timing. Believe in the system. Do not pay attention to what is happening in the market.
Just keep investing and turn off the news if you have to or you will be questioning every time there is a recession, new war or other world event. You have a life time of ups and downs left in your journey.
I retired last year and will not change a thing. This too shall pass. Keep the faith.