.The US stocks are continuing their downtrend with the Dow now down 700 factors or 1.70%. All the Dow 30 stocks are lower. The S&P mark is down -88 factors or even -1.60% at 5408.87. That is actually receiving closer to this one hundred time relocating standard of 5391.77. The cost move below its own one hundred time moving typical back on August 5 (the time the Nikkei dropped -12.4%). The cost closed back over that relocating average amount on August 8. What are actually some drivers: The debate results angle towards Kamala Harris. The market places are actually frightened although the policies she cites are actually much less arming than Pres. Biden. The company income tax fee is expected to move much higher. The chatter concerning funding gains taxes boosting for those bring in more than 1M per year. Center inflation was actually still high along with shelter continuing to be actually a complication. China weak.The Fed reducing through 50 bps is off the table. Perception of slower US growth ahead. Geopolitical threats remainPostives: Oil costs are actually lower.Yields are actually lower which decreases mortgage loan ratesThe stock market flourished under Biden also. Preliminary out of work claims are certainly not indicating a financial crisis. Actual weekly earnings climbed which indicates efficiency increases.This article was composed through Greg Michalowski at www.forexlive.com.