Is it time to get out of the market?

Context: 17 yo incoming faculty pupil (USA). Faculty is being paid for by dad and mom/scholarships/grants so I received't be answerable for paying tuition/room/board (for now; it’s potential that I'll be anticipated to contribute extra junior/particularly senior yr once I'll dwell off campus). I shall be paying for enjoyable/residing bills. Faculty is in an HCOL so shifting off campus shall be as/costlier as on.

Present monetary state of affairs: I’ve about $1500 in checking/financial savings (0.01% curiosity; I shall be getting a HYSA once I flip 18) and a further $2600 in a Constancy Youth Account (taxable brokerage with restrictions), of which $1200 is in SPAXX and the remaining $1400 is in shares (primarily index funds). I'm anticipating to make roughly a further $1k in the course of the summer time and anticipate making round $700/mo in the course of the college yr working about 10 hrs/week (perks of the excessive price of residing). I shouldn't be paying any earnings tax for 2023 and it ought to be minimal for 2024.

I don't anticipate needing my financial savings whereas in faculty until my household's monetary state of affairs modifications or my college reduces my monetary help. I'm particularly nervous about senior yr, once I'll be residing off campus and I consider my monetary help could also be decrease resulting from my household's earnings growing in 2024. Plus, discuss of a recession within the second half of the yr is making me nervous about having so many shares within the occasion that I do want the money. Does it make sense to liquidate/put every part in SPAXX? Alternatively, wouldn’t it make sense to buy bonds/a bond fund? I'm additionally contemplating opening a Roth IRA as soon as I'm 18 and contributing as a lot as I can to that, which I consider would additionally benefit from sheltering the cash from FAFSA. (The foundations confuse me a bit however I consider I’d nonetheless be capable of use the cash for college if want be?)