.The US inventories are proceeding their downtrend with the Dow now down 700 points or 1.70%. All the Dow 30 inventories are actually reduced. The S&P index is down -88 aspects or -1.60% at 5408.87. That is actually obtaining closer to this 100 time relocating average of 5391.77. The price action listed below its one hundred time relocating average back on August 5 (the day the Nikkei dropped -12.4%). The rate closed back above that moving average level on August 8. What are actually some catalysts: The discussion results angle toward Kamala Harris. The market places are actually terrified although the plans she cites are much less arming than Pres. Biden. The business tax rate is actually anticipated to move greater. The chatter regarding financing increases taxes raising for those making much more than 1M each year. Primary inflation was actually still high with shelter continuing to be actually a problem. China weak.The Fed cutting by fifty bps is off the table. Impression of slower United States growth ahead. Geopolitical risks remainPostives: Oil prices are lower.Yields are lesser which reduces home loan ratesThe securities market did well under Biden also. Preliminary out of work cases are actually certainly not pointing to a financial crisis. Real weekly revenues rose which leads to performance gains.This short article was actually composed through Greg Michalowski at www.forexlive.com.