In the mid-term, we are definitely bullish about negative month-on-month growth. In February, inflation will definitely reach 25 basis points. Inflation in the first half of the year will continue to accelerate downward. First, because prices were high in the first half of last year and the base was large. Second, core inflation indicators such as rents have peaked, and housing prices are still falling. The first half of the year is a bull market, and the second half of the year is expected to be a recession. Therefore, the only uncertainty this year is the second half. The second half of the year mainly depends on whether the Federal Reserve will Cut interest rates.