I can feel it. I can see it, actually- got a case of Magtech 115 gr FMJ for $190 shipped from Sportsman's Guide.
I just saw on AIM, they have Geco, PPU, Fiocchi and S&B at $9.95 a box of 50; some is in 124gr. If you buy a case of S&B 115gr, that drops to $9.75 apiece.
SGAmmo is peppering my inbox with deals, particularly in 5.56.
I see that J&G has steel-cased .45 acp for $99 per 500 (that's 20 cents a round).
Without getting into politics, I think the vendors expected there to be an unfavorable attitude towards firearms coming out of Washington, or at least planned for that contingency; and now they're sitting on stock that is no longer so urgently needed "now before things change".
I think we're about to see a buyer's market