What are we saying we got wrong in

a year? So I'll bounce around different kind of market variables.

And especially I'm, you know, I focus heavily on the US markets.

And at this stage, what I'll say is this, is that when we hear Janet Yellen and then Jerome Powell start yelling at the top of their lungs, inflation is transitory.

We know because it's historical data, we can literally date to date it, right? That 9.1% inflation happened 18 months later.

So I don't know what your definition of a transitory is, JP, but it sounds like it's probably close to mine.

That's right.

So as you say, keeping your eye on it, what are some things you're looking to?