.The US inventories are proceeding their decrease with the Dow right now down 700 aspects or even 1.70%. All the Dow 30 inventories are actually lower. The S&P mark is down -88 aspects or -1.60% at 5408.87. That is actually obtaining closer to this one hundred time relocating standard of 5391.77. The rate action below its 100 day moving average back on August 5 (the time the Nikkei fell -12.4%). The rate closed back over that moving typical degree on August 8. What are actually some drivers: The argument results tilt toward Kamala Harris. The markets are actually terrified although the plans she presents are actually less arming than Pres. Biden. The business income tax rate is expected to move much higher. The chatter about funds gains taxes increasing for those bring in more than 1M per year. Core rising cost of living was still higher along with shelter continuing to be an issue. China weak.The Fed cutting by 50 bps is off the table. Viewpoint of slower United States growth ahead of time. Geopolitical threats remainPostives: Oil prices are lower.Yields are actually reduced which decreases mortgage ratesThe stock market did well under Biden too. Preliminary unemployment cases are certainly not indicating an economic slump. Genuine regular incomes rose which points to productivity gains.This write-up was composed by Greg Michalowski at www.forexlive.com.