.The US stocks are proceeding their downtrend with the Dow now down 700 factors or 1.70%. All the Dow 30 stocks are actually lower. The S&P index is actually down -88 points or -1.60% at 5408.87. That is actually obtaining closer to this 100 day moving average of 5391.77. The price step listed below its one hundred day moving ordinary 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 some catalysts: The debate results tilt toward Kamala Harris. The marketplaces are frightened although the policies she points out are actually less arming than Pres. Biden. The corporate income tax price is assumed to relocate greater. The chatter regarding funding increases taxes boosting for those bring in much more than 1M per year. Center inflation was actually still higher with home remaining to be a problem. China weak.The Fed reducing through fifty bps gets out the desk. Perception of slower United States development ahead of time. Geopolitical dangers remainPostives: Oil costs are lower.Yields are actually lower which reduces home loan ratesThe securities market succeeded under Biden also. Initial unemployed claims are actually not pointing to a financial crisis. True once a week incomes climbed which leads to performance gains.This write-up was actually composed by Greg Michalowski at www.forexlive.com.