.The US inventories are continuing their downtrend along with the Dow currently down 700 factors or even 1.70%. All the Dow 30 sells are actually reduced. The S&P mark is down -88 factors or even -1.60% at 5408.87. That is acquiring closer to this 100 day moving standard of 5391.77. The cost action listed below its own one hundred day relocating typical back on August 5 (the time the Nikkei fell -12.4%). The cost closed back over that relocating typical level on August 8. What are some drivers: The argument results slant towards Kamala Harris. The markets are scared although the policies she mentions are much less arming than Pres. Biden. The company tax obligation cost is anticipated to move higher. The babble concerning capital gains income taxes enhancing for those making greater than 1M yearly. Primary inflation was actually still high with shelter remaining to be an issue. China weak.The Fed cutting by 50 bps is off the table. Perception of slower United States growth ahead. Geopolitical dangers remainPostives: Oil costs are lower.Yields are actually lower which lowers mortgage loan ratesThe stock market did well under Biden too. First out of work cases are certainly not leading to a downturn. Real regular incomes increased which points to efficiency gains.This write-up was composed through Greg Michalowski at www.forexlive.com.