.The US stocks are continuing their downtrend along with the Dow currently down 700 points or even 1.70%. All the Dow 30 inventories are actually lesser. The S&P mark is actually down -88 factors or even -1.60% at 5408.87. That is acquiring closer to this one hundred time moving average of 5391.77. The price action listed below its own 100 day moving ordinary back on August 5 (the day the Nikkei fell -12.4%). The cost shut back over that moving normal level on August 8. What are some drivers: The argument results slant toward Kamala Harris. The marketplaces are actually worried although the plans she cites are actually less arming than Pres. Biden. The corporate income tax fee is actually assumed to relocate greater. The chatter regarding capital increases tax obligations enhancing for those making greater than 1M per year. Center rising cost of living was still higher along with shelter remaining to be a complication. China weak.The Fed reducing through fifty bps gets out the desk. Perception of slower US growth ahead of time. Geopolitical threats remainPostives: Oil prices are lower.Yields are actually lesser which lowers mortgage loan ratesThe securities market flourished under Biden also. Initial unemployed cases are actually certainly not indicating an economic slump. True once a week incomes rose which suggests efficiency gains.This post was actually created by Greg Michalowski at www.forexlive.com.