For Investors: Inflation, The Market -- December 23, 2022

Link here.

The Dow Jones Industrial Average fell Friday after the early release of November's personal consumption expenditures data, an inflation gauge watched closely by the Federal Reserve. Tesla stock reversed lower to hit a new low after Chief Executive Elon Musk said he would not sell any more Tesla shares for at least 18 to 24 months.

Early Friday, key inflation data arrived in the form of the November Personal Consumption Expenditures price index. The PCE price index came in cooler than expected, rising 0.1% in November vs. Econoday's estimates for 0.2% growth vs. October.

Year over year, the PCE price index rose 5.5%, matching estimates. Personal income rose 0.4% in November, higher than estimates.

Meanwhile, the core PCE price index came in hotter than expected, rising 4.7% year over year vs. the 4.6% estimate.

If that's all it takes for the market to sink ... LOL.

But most interesting: oil surges.