.The United States supplies are actually proceeding their downtrend along with the Dow right now down 700 points or 1.70%. All the Dow 30 stocks are actually lesser. The S&P mark is actually down -88 points or -1.60% at 5408.87. That is obtaining closer to this one hundred time moving standard of 5391.77. The price relocation listed below its 100 day relocating average back on August 5 (the day the Nikkei dropped -12.4%). The rate shut back above that relocating average degree on August 8. What are actually some drivers: The discussion results tilt towards Kamala Harris. The markets are actually terrified although the plans she presents are actually less arming than Pres. Biden. The corporate tax obligation fee is assumed to relocate higher. The babble about funding increases taxes improving for those creating much more than 1M each year. Center rising cost of living was still high with shelter continuing to be actually a concern. China weak.The Fed cutting by fifty bps is off the table. Perception of slower United States growth ahead. Geopolitical threats remainPostives: Oil prices are actually lower.Yields are lower which lowers mortgage loan ratesThe securities market flourished under Biden also. First unemployment cases are actually not indicating an economic slump. True regular earnings climbed which leads to performance increases.This article was composed through Greg Michalowski at www.forexlive.com.