Date

**__ Diplomatt’s Daily Digest – June 9, 2022__**
Good morning and happy Thursday, everyone! We are still teetering between bull and bear markets as stock futures were slightly higher in early morning trading after the major averages ended the Wednesday trading session lower and U.S. Treasury yields rose. May’s consumer price index is slated to release Friday, with the data expected to be slightly below April’s numbers and could indicate inflation has reached its peak. We’ve been hearing „inflation is reaching its peak“ for weeks now, so we’ll see what happens. Remain skepical! Additionaly, Initial jobless claims and earnings from Nio, DocuSign and Rent the Runway are on deck today.

Quote of the week: „If you really look closely, most overnight successes took a long time.“ – Steve Jobs

**General News:**
• The European Union is going to force smartphone manufacturers like Apple and other electronics makers to equip their devices with a standard USB-C charging port.
• Volkswagen is “actively” looking to establish new assembly and battery facilities in the U.S.
• The Biden administration proposed new standards for its program to build a national network of 500,000 electric vehicle charging stations by 2030.
• Beijing may be dialing back its tech crackdown with China letting the Ant Group IPO move forward. Alibaba’s US listing reacted favorably to this news.
• UBS analysts repoted Tesla has the ability to rally more than 50% from current levels.
• Microsoft is winding down its business in Russia and laying off more than 400 people.

**StockTwits Top 10 Trending Tickers of the Day:**
1. RDBX
2. SPY
3. AMC
4. IMPP
5. AERC
6. BABA
7. NVAX
8. TSLA
9. MULN
10. LUNC

More articles