.The US inventories are actually continuing their downtrend along with the Dow currently down 700 points or 1.70%. All the Dow 30 stocks are lesser. The S&P mark is down -88 aspects or even -1.60% at 5408.87. That is receiving closer to this 100 time moving average of 5391.77. The rate technique below its 100 day relocating common back on August 5 (the time the Nikkei dropped -12.4%). The price closed back above that moving normal degree on August 8. What are actually some drivers: The discussion results angle toward Kamala Harris. The markets are afraid although the plans she points out are less arming than Pres. Biden. The corporate tax rate is anticipated to move much higher. The chatter regarding funding gains taxes increasing for those making more than 1M annually. Primary rising cost of living was actually still higher along with home remaining to be actually a concern. China weak.The Fed cutting by 50 bps gets out the table. Viewpoint of slower US growth in advance. Geopolitical risks remainPostives: Oil prices are actually lower.Yields are actually reduced which reduces mortgage loan ratesThe securities market prospered under Biden also. Preliminary unemployment insurance claims are certainly not suggesting an economic crisis. Actual every week earnings rose which points to efficiency gains.This write-up was created by Greg Michalowski at www.forexlive.com.