F t's chief economic commentator doesn't believe inflation will be back at the federal reserve's two % target by year end. The labor market is very hot and employment is very low, which can put pressure on inflation. Even what is currently invisaged from the fed is not going to be enough to get back to target. Turning don to markets, the s and p hit new high after new hig in 20 21. Will that continue in 20 22, or is it going to a, if it does dip, how how bad it'sr gong to be?