U.S. Stock Futures Are Lower Resulting From Recessionary Fears

U.S. stock futures are lower.  Recessionary fears are driving equity futures and treasury yields lower.  The 10y is below 3% at 2.92% relative to its close of 2.99% as the probability of an economic slowdown rises.   Tomorrow the CPI for the June will be released monthly /annual headline estimates are 1.1% & 8.8%, respectively.   The core estimates are 0.5% & 5.8% for similar periods.   Earnings season has started and will pick up later this week with financial institutions reporting.   Investors will focus on the impact of higher input costs on margins and invariably total earnings/cash flows.   The euro has been trading close to parity with the U.S dollar with slower European growth rates are declining and struggling with higher inflation.   International markets are lower.