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\\n\\t* Dow under pressure on the back of EU talks with Greece
\\n\\t* There is a lot of room for the market to decline pending the Fed's announcements
\\n\\t* The consensus is that rates will hike September or later
\\n\\t* If Fed does not rates in September, Election year next year might also put off rate hikes
\\n\\t* Bloomberg article quotes B of A hinting that additional stimulus would further damage the economy
\\n\\t* B of A admits this risk has been getting the least amount of attention
\\n\\t* Empire State Manufacturing Index missed 5.9 forecast - came in at -1.98
\\n\\t* May Industrial Production expected +.2 - came in at -.2
\\n\\t* Capacity Utilization dropped 78.3 to 78.1
\\n\\t* Manufacturing down .2
\\n\\t* Industrial Production has been negative for 4 of the last 6 months
\\n\\t* Currency markets still believe Fed will raise rates
\\n\\t* Consumer spending was up in May because of rise in gas prices
\\n\\t* Weekly Jobless claims saw a slight uptick - exceeded forecast
\\n\\t* Bloomberg Consumer Comfort Index continues to decline
\\n\\t* Listener's Questions, Peter's Answers to resume on this podcast
\\n\\t* Submit your questions on schiffradio.com
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