Forex

Dow now down -700 factors

.The United States sells are continuing their decline along with the Dow now down 700 points or 1.70%. All the Dow 30 stocks are actually lesser. The S&ampP index is actually down -88 points or -1.60% at 5408.87. That is actually getting closer to this 100 time relocating standard of 5391.77. The cost action below its 100 day relocating normal back on August 5 (the day the Nikkei fell -12.4%). The rate closed back over that relocating average amount on August 8. What are some stimulants: The argument leads slant toward Kamala Harris. The markets are afraid although the policies she cites are less arming than Pres. Biden. The corporate income tax rate is expected to move higher. The babble concerning capital increases taxes enhancing for those creating more than 1M yearly. Center inflation was still higher along with sanctuary remaining to be a problem. China weak.The Fed reducing through 50 bps gets out the table. Assumption of slower United States growth ahead. Geopolitical threats remainPostives: Oil costs are lower.Yields are actually reduced which reduces home mortgage ratesThe securities market prospered under Biden too. Initial jobless claims are actually not indicating a downturn. True every week earnings increased which points to performance increases.This write-up was written by Greg Michalowski at www.forexlive.com.