.The US inventories are actually continuing their decrease along with the Dow currently down 700 points or 1.70%. All the Dow 30 stocks are lower. The S&P index is actually down -88 points or -1.60% at 5408.87. That is actually receiving closer to this one hundred day moving average of 5391.77. The rate relocation listed below its one hundred time relocating normal back on August 5 (the day the Nikkei dropped -12.4%). The rate closed back over that moving average degree on August 8. What are some catalysts: The controversy results tilt toward Kamala Harris. The markets are actually worried although the plans she points out are actually much less arming than Pres. Biden. The business tax price is actually anticipated to relocate higher. The chatter concerning funding increases taxes enhancing for those creating much more than 1M per year. Primary inflation was actually still high with sanctuary continuing to be a concern. China weak.The Fed reducing through fifty bps gets out the desk. Impression of slower United States development ahead of time. Geopolitical threats remainPostives: Oil rates are lower.Yields are actually lower which reduces home mortgage ratesThe securities market prospered under Biden as well. First unemployment cases are actually not suggesting a recession. Real every week profits rose which indicates performance increases.This short article was actually composed through Greg Michalowski at www.forexlive.com.