**__ Diplomatt’s Daily Digest – March 30, 2022__**
Good morning and happy Wednesday, everyone! U.S. equities futures dipped slightly after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors continued watching developments play out in Ukraine. Russia said it would reduce its military presence in some parts of Ukraine late Tuesday, but several countries — including the U.S. and U.K. — remain skeptical over Moscow’s pledge. Meanwhile, Russian attacks on Ukraine continued. On Tuesday, the main yield spread traders watch, that between the 2-year and the 10-year rate, came close to inverting but stayed positive, with the spread climbing back to about seven basis points. Investors will be watching economic data scheduled to be released Wednesday, including financial growth data, home sales data, and ADP’s national employment report.
Quote of the week: “Learn as if you will live forever, live like you will die tomorrow.” — Mahatma Gandhi
**General News:**
• The Russian military has begun to move some of its troops in Ukraine away from the areas around Kyiv to positions elsewhere in Ukraine, Pentagon press secretary John Kirby said Tuesday, part of a strategic shift in its monthlong invasion of Ukraine.
• The CDC has cleared fourth Covid vaccine doses for older adults amid uncertainty over whether an even more contagious version of omicron will cause another wave of infections in the U.S. as it has in Europe and China.
• Investor optimism over the possibility of federal cannabis legalization has contributed to a strong rally in beaten-down pot stocks. Today, the House Rules Committee is set to hold a hearing on the Marijuana Opportunity Reinvestment and Expungement Act, which would decriminalize cannabis at the federal level.
• FedEx’s CEO announced the company would make big strides in its autonomous vehicle efforts this summer, emphasizing autonomous vehicles on the highway, not just in the city.
• Alibaba led a $60 million investment round into augmented reality glasses maker Nreal as Chinese technology giants look for ways to get in on the metaverse theme.
• NFL owners voted to amend the playoff overtime rule to allow both teams to possess the ball regardless of whether a touchdown is scored on the first possession of the extra period.
• The specialized website Cars.com has just dedicated the Lucid Air Dream sedan as the must-have luxury electric car. This is newsworthy because Lucid snatched the prize from Tesla.
• The popular subscription service website, OnlyFans, is looking to go public through a SPAC merger.
**StockTwits Top 10 Trending Tickers of the Day:**
1. HOOD
2. ZIL
3. ISPO
4. BNTX
5. VET
6. MVST
7. FUBO
8. MVIS
9. AMC
10. MU
