.The US sells are actually continuing their downtrend with the Dow currently down 700 factors or 1.70%. All the Dow 30 inventories are reduced. The S&P index is actually down -88 points or even -1.60% at 5408.87. That is actually receiving closer to this 100 day relocating average of 5391.77. The cost technique listed below its own 100 day moving normal back on August 5 (the time the Nikkei dropped -12.4%). The cost closed back above that relocating common degree on August 8. What are actually some drivers: The dispute results slant toward Kamala Harris. The marketplaces are actually worried although the plans she presents are actually much less arming than Pres. Biden. The company tax fee is assumed to relocate higher. The chatter concerning financing increases income taxes enhancing for those creating more than 1M yearly. Primary inflation was still higher along with sanctuary remaining to be an issue. China weak.The Fed cutting through 50 bps gets out the table. Belief of slower US growth in advance. Geopolitical threats remainPostives: Oil prices are actually lower.Yields are actually lesser which reduces home loan ratesThe securities market prospered under Biden as well. Initial jobless claims are actually not indicating a recession. Real regular incomes increased which leads to productivity gains.This post was actually created through Greg Michalowski at www.forexlive.com.