Does anyone agree that the market is oversold right now?

I am aware of the substantial geopolitical tensions at this time, but does anyone else think the market is overreacting?

The current sanctions imposed on Russia by the West won’t significantly affect the majority of US businesses. AMZN is down nearly 20% this year due to an increase in inflation and rising costs of living, however I don’t think that a 20% drop is justified. There are many other examples out there, and speculatives have been bleeding YTD.

Anyone else think the market has overdone it?