Date

**__ Diplomatt’s Daily Digest – June 6, 2022__**
Good morning and happy Monday, everyone! I raise several important questions heading into this new week of trading. Are we looking at a green week? Will the market correction finally reverse? Will bulls take control? Currently, Stock futures are pointing green as we all try to bounce back from such a red week. On the data front, investors have been grappling with fears that the central bank could raise interest rates too fast and too much, causing a recession. However, the U.S. economy added 390,000 jobs in May, which came in better than expected despite fears of an economic slowdown and amid the roaring pace of inflation. Investors will be focused on an important inflation gauge, the consumer price index, which is slated to release on Friday morning. That’s all I have for you all this morning. Stay buckled in with your boy Diplomatt and we will make it through this rollercoaster of a year we’ve had in the market.

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

**General News:**
• Abbott Nutrition resumed baby formula production over the weekend at its Sturgis, Michigan, plant, to help stem the national shortage.
• A new AstraZeneca drug reportedly raises breast cancer survival rates during early trials.
• Novavax is looking to become America’s 4th Covid-19 vaccination.
• American Airlines announced that it is grounding about 100 regional jets due to employee shortages.
• Mercedes Benze is recalling 1 million cars on fears of a faulty brake system.
• Popular hotel chain, Marriott, is pulling out of Russia citing Western sanctions.
• Shares of Chinese ride-hailing giant Didi surged more than 50% in pre-market trade in the U.S after regulators have reportedly concluded their investigations into the company.

**StockTwits Top 10 Trending Tickers of the Day:**
1. AMZN
2. RIOT
3. ENPH
4. FUTU
5. SBUX
6. ET
7. XRP
8. BLZ
9. NIO
10. FISV

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