I have little doubt that all of this will have an impact - it is the reason why I largely went to cash before all this started - a little over two months ago. I also don’t think this is over but there is a non-zero risk in waiting too long.
The market being down 11% (and NASDAQ down nearly 15%) from that time allows me to re-enter with a lot less downside. All of this could certainly change in 80+ days.