.The US sells are continuing their downtrend with the Dow currently down 700 points or 1.70%. All the Dow 30 supplies are actually lower. The S&P index is down -88 factors or even -1.60% at 5408.87. That is acquiring closer to this one hundred day relocating average of 5391.77. The price relocation listed below its own one hundred time moving ordinary back on August 5 (the time the Nikkei fell -12.4%). The price shut back over that relocating normal degree on August 8. What are actually some drivers: The argument results slant toward Kamala Harris. The market places are worried although the policies she cites are actually less arming than Pres. Biden. The company tax cost is actually assumed to relocate much higher. The chatter concerning funding increases tax obligations enhancing for those making greater than 1M yearly. Core inflation was actually still higher along with home continuing to be actually a problem. China weak.The Fed reducing through 50 bps is off the desk. Understanding of slower US development ahead of time. Geopolitical threats remainPostives: Oil rates are lower.Yields are actually reduced which decreases home mortgage ratesThe securities market flourished under Biden also. Initial out of work cases are actually not leading to a financial crisis. Genuine regular earnings rose which suggests efficiency increases.This post was actually created by Greg Michalowski at www.forexlive.com.