What are the risk case that you're thinking about that sort of catches the market offside when it comes to that market outlook?

Yeah, I mean, I like to tie what's happening on the economic side directly to markets.

And when I think about the risks to the market specifically, I think it's that earnings expectations in the U.S. are pretty high.

And if earnings come out materially lower than earning expectations, which we're not seeing just yet, that's obviously one big risk.

The second big risk is emanating out of the oil crisis in the Middle East.

It's really evident that the price of, you know, our own medium term view is that any price movement in oil beyond 100 is unlikely to sustain.

But the risk case there is troops on the ground and in material escalation, which results in the price of oil being above 100 for a prolonged period of time.

I mean, what is your take on the direction for inflation? I mean, you could frame it in terms of the US or more broadly.