.The US inventories are continuing their decline with the Dow right now down 700 aspects or even 1.70%. All the Dow 30 inventories are actually lesser. The S&P index is actually down -88 factors or -1.60% at 5408.87. That is actually receiving closer to this 100 day moving average of 5391.77. The rate step listed below its own 100 time moving common back on August 5 (the time the Nikkei dropped -12.4%). The rate shut back above that moving normal level on August 8. What are actually some drivers: The dispute results slant towards Kamala Harris. The market places are afraid although the plans she points out are much less arming than Pres. Biden. The company tax cost is actually assumed to relocate greater. The chatter concerning financing increases tax obligations boosting for those bring in more than 1M each year. Core inflation was actually still high with home remaining to be actually a trouble. China weak.The Fed cutting through 50 bps is off the table. Understanding of slower US development ahead of time. Geopolitical dangers remainPostives: Oil prices are actually lower.Yields are actually lesser which reduces mortgage loan ratesThe stock exchange flourished under Biden too. Preliminary unemployment cases are actually not suggesting an economic downturn. Real regular profits increased which leads to productivity gains.This post was composed through Greg Michalowski at www.forexlive.com.