“inflation, tariffs” – maybe some inflation still being dealt with. It takes a little while for changes for stopping or decreasing inflation to have an overall effect for all companies. The effect of inflation from the Biden stupid is still affecting us even though Trump is putting the ‘brakes on’ to stop it and some areas have already seen lower prices as a result. But in a way stopping or decreasing inflation effect is like stopping a bike, you apply the brakes but you still roll a little more forward before coming to a complete stop or decrease in speed – but for the inflation part time will tell. And tarrifs have not materialized to be the price-increase-apocalypse thing the left-wing screamed it would be in their TDS melt down with even one of the most outspoken TDS ‘tariff-apocalypse’ ranters CNN recently admitting that basically overall no effect on prices due to tariffs but here too time will tell. But I tend to think right now its more subdued consumer spending, after all, a lot of people were very much affected by Biden putting the economy in the toilet.