Outlook 07/19: U.S. stock futures are pointing to a sharply lower open, as the rise of the rapidly spreading Delta variant is threatening to derail many efforts towards a full economic reopening. Delta isn't the only thing weighing on investors' minds. Inflation fears resurfaced on Friday after data from the University of Michigan showed that consumers believed prices would jump 4.8% over the next year, marking the steepest climb since August 2008. There's also worries about a peak in economic activity, tapering talk, the Q2 earnings season and whether the bullish sentiment in markets has reached a tipping point.
/ESU21: YVAH 4364 YPOC 4341 YVAL 4330 GAP 4314.75
/ES Plan: Last session market closed bearish, and overnight continues on that way, moving below Friday's range, so these're today's options:
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