.The United States inventories are proceeding their downtrend along with the Dow now down 700 points or even 1.70%. All the Dow 30 stocks are lesser. The S&P mark is actually down -88 factors or -1.60% at 5408.87. That is actually getting closer to this 100 time relocating average of 5391.77. The price relocation below its own 100 time relocating normal back on August 5 (the time the Nikkei fell -12.4%). The price shut back over that moving average level on August 8. What are actually some catalysts: The argument leads angle towards Kamala Harris. The markets are actually scared although the policies she presents are actually less arming than Pres. Biden. The corporate tax obligation fee is actually anticipated to move much higher. The chatter about funding gains taxes boosting for those bring in greater than 1M each year. Primary rising cost of living was still higher with shelter remaining to be actually a complication. China weak.The Fed cutting through fifty bps is off the table. Perception of slower United States development ahead. Geopolitical dangers remainPostives: Oil costs are lower.Yields are actually lesser which decreases mortgage ratesThe securities market succeeded under Biden as well. First jobless cases are actually not leading to a recession. True once a week incomes increased which leads to productivity increases.This write-up was created through Greg Michalowski at www.forexlive.com.