**__ Diplomatt’s Daily Digest – June 13, 2022__**
Good morning and happy Monday, everyone! I hope you all had a relaxing weekend. Let’s try to start the week out green, but the markets may have a different idea. U.S. stock futures dropped into the red this morning, putting the S&P 500 on track to fall back into bear market territory and possibly to a new low for 2022. This move into the red comes off of a jump in short-term rates drove the negative sentiment as investors still reeling from a hotter-than-expected inflation report on that are leading many to brace for the Federal Reserve to raise rates later in the week. In other indicators, the short-term 2-year Treasury yield rose by 15 basis points to 3.2% Monday, reaching its highest level since 2007. All signs continue to point to a bear market. In times like these, don’t forget that cash is king.
Quote of the week: “The best revenge is not to be like your enemy.” – Marcus Aurelius