DEC 01. Consolidation day for the first trading day in December, 2022.

Mr. Powell’s speech and China’s possible easing on COVID protocol supply the energy to the global market today. It was the first trading day for the last month of the year 2022.

US’s Oct PCE index was lower than expected, annually 6.0%. It was 6.3% for Sep. Those inflation indicator numbers are coming down actually.

Chinese COVID news are becoming more officials only and more restrictions after the protest. Chinese government is announcing that it will be much softer COVID protocol from now on. However, at the same time, they’re hunting down the protesters nationwide.

US stock markets were easing down a bit with very thin and choppy trading day. Far from what was happening yesterday but equity markets are a lot more cheerful than a week ago.

DJ Index was downed by 0.6%, S&P 500 Index was downed by 0.1% but NASDAQ was up 0.1%. Clearly many inflation indicators are showing that inflations are softening now but still…