Busiest week of Q2 season: FOMC decision Jul 28 with a hawkish Warsh Fed (~34% odds of a hike, hold at 3.50-3.75% expected) plus MSFT/META/AAPL/AMZN earnings land into a market "in revolt over AI spending" after Alphabet plunged 7% on record ~$205B capex. VOO has rolled over from its ~694 July high to 679, slipping below its ~685 20-day average, and BofA's 7,100 target sits ~5% below recent levels with speculation flagged as extreme. With heavy event risk skewed negative and momentum already fading, I expect the S&P 500 lower a week out.