Early Update

11:13 a.m. ET Things went from bad to worse since the A.M. Update with NYSE decliners 10-to-1 over advancers. A big miss in the the University of Michigan Consumer Sentiment preliminary reading (consensus 59.0) for June at 50.2 compared to the prior month’s reading of 58.4, didn’t help. The CPI is causing a a hawkish…