.The US sells are continuing their downtrend along with the Dow currently down 700 factors or even 1.70%. All the Dow 30 supplies are lesser. The S&P mark is down -88 aspects or even -1.60% at 5408.87. That is acquiring closer to this one hundred day moving average of 5391.77. The rate relocation listed below its own 100 time moving typical back on August 5 (the day the Nikkei dropped -12.4%). The cost closed back over that moving average level on August 8. What are actually some drivers: The debate results tilt towards Kamala Harris. The market places are actually scared although the policies she presents are actually much less arming than Pres. Biden. The company income tax fee is assumed to relocate greater. The chatter concerning funding increases income taxes improving for those making more than 1M annually. Core inflation was still high with shelter remaining to be actually a trouble. China weak.The Fed reducing through 50 bps gets out the desk. Belief of slower US growth ahead. Geopolitical threats remainPostives: Oil rates are lower.Yields are reduced which lowers mortgage ratesThe stock exchange prospered under Biden also. Initial unemployed cases are actually certainly not pointing to an economic crisis. Actual regular earnings increased which indicates efficiency gains.This short article was actually created by Greg Michalowski at www.forexlive.com.