.The US inventories are continuing their decrease along with the Dow currently down 700 points or 1.70%. All the Dow 30 inventories are actually reduced. The S&P index is down -88 factors or -1.60% at 5408.87. That is obtaining closer to this 100 time relocating average of 5391.77. The rate relocation listed below its own 100 time moving typical back on August 5 (the time the Nikkei fell -12.4%). The cost shut back above that relocating ordinary amount on August 8. What are actually some drivers: The dispute results tilt toward Kamala Harris. The market places are actually worried although the plans she points out are actually less arming than Pres. Biden. The business income tax rate is assumed to move much higher. The chatter concerning funding increases income taxes boosting for those bring in greater than 1M each year. Center inflation was actually still high with shelter remaining to be actually a trouble. China weak.The Fed reducing through 50 bps gets out the table. Belief of slower United States growth in advance. Geopolitical threats remainPostives: Oil prices are lower.Yields are lesser which decreases home mortgage ratesThe stock market prospered under Biden also. Preliminary jobless insurance claims are actually not suggesting an economic downturn. Actual regular earnings rose which leads to performance increases.This short article was actually composed by Greg Michalowski at www.forexlive.com.