.The US stocks are proceeding their downtrend along with the Dow now down 700 factors or 1.70%. All the Dow 30 sells are actually reduced. The S&P index is down -88 aspects or even -1.60% at 5408.87. That is obtaining closer to this 100 time moving average of 5391.77. The rate action listed below its 100 day moving normal back on August 5 (the day the Nikkei dropped -12.4%). The price shut back over that relocating common level on August 8. What are some drivers: The argument results slant towards Kamala Harris. The market places are worried although the policies she cites are less arming than Pres. Biden. The corporate tax cost is assumed to relocate higher. The babble regarding funding gains income taxes enhancing for those making greater than 1M annually. Core inflation was still higher along with sanctuary remaining to be a concern. China weak.The Fed reducing through fifty bps is off the desk. Assumption of slower US development ahead. Geopolitical threats remainPostives: Oil costs are actually lower.Yields are reduced which reduces home loan ratesThe stock market flourished under Biden also. Preliminary jobless cases are actually not leading to a downturn. True every week earnings rose which indicates productivity gains.This article was created by Greg Michalowski at www.forexlive.com.