The playbook for the rest of the year looks pretty straightforward: disinflation continues as shelter and services costs pull back toward historical norms, while core goods inflation stays relatively tame. It's the kind of macro environment that tends to reshape how people think about asset allocation. If shelter—the heavyweight in inflation calculations—finally cooperates, combined with moderating services pressure, we could see real purchasing power actually improving. That's the base case at least. Whether goods stay calm remains the wildcard, but the trend line suggests we're moving toward something closer to equilibrium than the chaos of recent years.