Will the Fed Set Off a June Swoon?

By falling below the 18,000 and the 2,100 levels respectively on Friday, both the Dow Jones Industrial Average and the S&P 500 sank under thresholds that were first touched back in December. More than that, a better-than-expected headline reading on producer price inflation, along with a strong retail sales report earlier in the week and a solid May payroll report, increased the odds of a hawkish takeaway from the Federal Reserve this Wednesday.