.The US inventories are proceeding their decline with the Dow now down 700 factors or 1.70%. All the Dow 30 sells are lesser. The S&P index is down -88 factors or even -1.60% at 5408.87. That is obtaining closer to this 100 day relocating standard of 5391.77. The cost action below its 100 time moving average back on August 5 (the time the Nikkei dropped -12.4%). The cost closed back above that moving common degree on August 8. What are actually some catalysts: The discussion leads tilt towards Kamala Harris. The market places are terrified although the policies she presents are actually less arming than Pres. Biden. The company tax obligation price is expected to relocate higher. The chatter regarding funds gains income taxes raising for those bring in greater than 1M yearly. Primary inflation was actually still higher along with sanctuary remaining to be a problem. China weak.The Fed cutting by fifty bps gets out the table. Assumption of slower US growth ahead of time. Geopolitical threats remainPostives: Oil rates are actually lower.Yields are actually lower which lowers home loan ratesThe securities market flourished under Biden too. Initial out of work insurance claims are actually certainly not pointing to a financial crisis. Actual every week incomes rose which leads to productivity gains.This write-up was composed by Greg Michalowski at www.forexlive.com.