VOO closed 678 on 6/5, -2.6% pullback after Nasdaq's worst day since Apr 2025 ("Nasdaq falls 4% on Broadcom AI chip outlook" - CNBC 6/4). FOMC 6/16-17 expected to hold steady with sticky 3.8% CPI. Three-sentence thesis: (1) The selloff was concentrated in chips/AI names; broad S&P less exposed than QQQ and bounces off 680 support. (2) After single-day -2.6% moves, 1-week mean reversion is the higher-probability path absent fresh shocks, and FOMC anchor caps downside. (3) Iran war is now old news (priced-in since Feb), so structural macro is stable enough for a relief rally into the FOMC window.