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Citi Sizes Up the Markets

What Goes Up

CHAPTER

Is the Inflation Really Sniffing Out?

I think there are some signs that maybe inplation has teakinit, and we saw the university of michigan smer inflation expectations for five years forr to come down. I was just in the midwest on wisconsin, and people constantly mentioned to me that gas has come back down. And it seems we lookl bit more happy about it. So i think maybe the markets seno sniffing that out. But if you do see, hen you gon to see energy prices come down. That's going to mean lower e p s s to mister 20 23. There's going to be some difficult things if we do have a recession.

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