Is There a Bear Market Sell Off?

Either we get inflation down from elevated levels. We've talked about that here. That's never happened. If any time inflation has gone above %, the only way that's come back down is from a recession or a 50% plus retracement of a major bear market sell off goes on to make new lows. So which one? What gives here? i don't think either of these happen. But i gues you hae to pick one, right? I hate to say, i think new lows are more likely than no recession.