.The US inventories are actually continuing their decrease along with the Dow right now down 700 points or 1.70%. All the Dow 30 stocks are actually reduced. The S&P mark is actually down -88 aspects or even -1.60% at 5408.87. That is actually getting closer to this 100 day moving average of 5391.77. The rate technique listed below its own 100 day moving ordinary back on August 5 (the time the Nikkei dropped -12.4%). The rate closed back over that moving typical level on August 8. What are some drivers: The argument leads slant towards Kamala Harris. The market places are scared although the policies she mentions are much less arming than Pres. Biden. The corporate tax fee is anticipated to move much higher. The babble regarding funding gains tax obligations enhancing for those creating much more than 1M annually. Core inflation was still high along with sanctuary remaining to be actually a complication. China weak.The Fed reducing through fifty bps gets out the table. Perception of slower US growth in advance. Geopolitical risks remainPostives: Oil prices are actually lower.Yields are actually lower which decreases home loan ratesThe stock market succeeded under Biden also. Preliminary jobless cases are certainly not suggesting a financial crisis. Genuine weekly incomes rose which indicates productivity increases.This article was actually composed through Greg Michalowski at www.forexlive.com.