.The US stocks are actually proceeding their downtrend along with the Dow right now down 700 factors or 1.70%. All the Dow 30 stocks are actually lesser. The S&P index is down -88 factors or even -1.60% at 5408.87. That is actually getting closer to this 100 day moving average of 5391.77. The price step listed below its own one hundred time relocating typical back on August 5 (the day the Nikkei fell -12.4%). The price shut back over that relocating typical level on August 8. What are some drivers: The argument results tilt toward Kamala Harris. The market places are actually frightened although the plans she points out are less arming than Pres. Biden. The corporate tax obligation rate is actually assumed to relocate much higher. The babble about funds gains taxes boosting for those creating greater than 1M annually. Core inflation was still high with sanctuary continuing to be actually a complication. China weak.The Fed reducing through 50 bps is off the desk. Belief of slower United States development in advance. Geopolitical dangers remainPostives: Oil rates are actually lower.Yields are actually reduced which decreases mortgage ratesThe stock market did well under Biden as well. First unemployment insurance claims are actually not indicating a recession. Real every week incomes climbed which suggests efficiency increases.This write-up was actually created by Greg Michalowski at www.forexlive.com.