FOMC decision today (Warsh's first meeting); May CPI surprised hot at 4.2% YoY and analysts expect the dot plot to wipe out the single 2026 cut with at least three members projecting hikes. VOO already broke down -0.59% on 6/16 from 693.83 to 689.75 ahead of the meeting, so a hawkish dot-plot/SEP shock is the path of least resistance for a 1-day pullback.