Bob Iaccino breaks down the latest market moves as equities trend lower, led by a decline in the Nasdaq. While gold and silver see losses, copper and crude oil are moving higher amidst global geopolitical tensions. Ahead of a major trading day, Iaccino highlights the upcoming June CPI report, which is expected to show moderating inflation. Investors are also watching for key testimony from the Fed to gauge future policy paths. Additionally, big bank earnings from JPMorgan Chase, Bank of America, and Goldman Sachs are set to shape near-term market expectations and volatility.