.The US supplies are actually continuing their decline along with the Dow now down 700 factors or even 1.70%. All the Dow 30 supplies are actually reduced. The S&P mark is down -88 points or even -1.60% at 5408.87. That is actually acquiring closer to this one hundred time moving average of 5391.77. The cost action listed below its one hundred day moving ordinary back on August 5 (the day the Nikkei dropped -12.4%). The price shut back above that moving average amount on August 8. What are some drivers: The controversy results angle toward Kamala Harris. The markets are worried although the plans she presents are actually less arming than Pres. Biden. The company tax obligation rate is assumed to relocate much higher. The chatter regarding capital increases taxes improving for those bring in greater than 1M per year. Center inflation was actually still high along with shelter continuing to be actually an issue. China weak.The Fed cutting through 50 bps is off the table. Impression of slower US growth ahead of time. Geopolitical risks remainPostives: Oil prices are actually lower.Yields are reduced which reduces mortgage loan ratesThe stock exchange did well under Biden too. First jobless insurance claims are not leading to a recession. Real every week profits increased which points to productivity gains.This short article was composed by Greg Michalowski at www.forexlive.com.