.The United States stocks are actually proceeding their downtrend along with the Dow now down 700 factors or even 1.70%. All the Dow 30 inventories are reduced. The S&P mark is actually down -88 aspects or even -1.60% at 5408.87. That is acquiring closer to this one hundred time relocating average of 5391.77. The price action below its one hundred time moving typical back on August 5 (the time the Nikkei dropped -12.4%). The cost closed back above that moving average level on August 8. What are some drivers: The argument results angle toward Kamala Harris. The marketplaces are scared although the plans she mentions are actually much less arming than Pres. Biden. The business tax price is expected to relocate much higher. The chatter about funds increases taxes enhancing for those bring in greater than 1M yearly. Core rising cost of living was actually still high along with home continuing to be an issue. China weak.The Fed cutting through fifty bps gets out the table. Impression of slower US growth ahead. Geopolitical threats remainPostives: Oil prices are actually lower.Yields are actually lesser which lowers mortgage loan ratesThe stock exchange did well under Biden too. First unemployed insurance claims are certainly not leading to a financial crisis. Genuine once a week revenues climbed which points to productivity increases.This write-up was actually composed through Greg Michalowski at www.forexlive.com.