U.S. Stock Futures Are Lower Following Yesterday's Sell-Off

United Asset Strategies |

U.S. stock futures are lower:  Equity futures are trending lower this morning following yesterday’s sell off with fears of an economic slowdown and elevated inflation.  Concerns that increasing input prices will have an adverse impact on corporate profits and margins are the principal catalysts.  Jobless claims for last week were 218K compared to 200K estimate.  Treasury yields are inching lower as fears of a slowdown are impacting treasury prices and investors are seeking shelter from the market sell off.  Overall yields on high yield and investment grade credit are wider over issues on taking on credit risk in the midst of a potential economic contraction.  Markets are down for both Europe and Asia.