匯率: 日元持續弱，一年間由105升至147-->139-->134兌1美元，歐元亦很弱，由0.84升至1-->1.02(+19%)-->1.05兌1美元，人民幣由6.5升至7.1-->7.25-->7.02兌換1美元。澳元亦弱，一年間由1.37升至1.55-->1.57 (+13.1%夭)-->1.47, 英國嘗試使出大幅減稅增加國債的手段導致英磅急跌, 一年間由0.72升至-->0.90(12.5%)-->0.81兌1美元。BITCOIN由68000元一直下跌至19460-->20689-->16973, ETHE由4800元一直下跌至1300-->1592-->1282。
債券: 二年美元國債由0.26%一直升至4.27-->4.47-->4.28%, 十年美元國債由1.33%一直升至3.83-->4.01-->3.69-->3.49%, 三十年美元國債由1.67%一直升至3.78-->4.14-->3.55%, 十年英磅國債由1.04%一直升至4.30-->3.53-->3.17%, 十年日本國債由0.06%一直升至0.24-->0.24-->0.25%, 十年澳洲國債由1.7%一直升至3.91-->3.78-->3.34%
股巿: S&P由4500一直下跌至3600-->3639(-20%)-->4072, 上證由3700一直下跌至3000-->3024(-19%)-->3105-->3156, 恒指由26000一直下跌至17200-->17740(-34%)-->14836-->18675。
能源: 油價由80元升至120元(2022-APR), 最近又輾轉跌回80-->93(2022-Sept)-->80, 天然氣由3.6升至9.6(2022JUL), 最近又輾轉跌回6.8-->6.6(2022-Sept)-->5.8-->6.22
農作物: WHEAT由700元升至1340元(2022-FEB), 最近又輾轉跌回900-->883(2022-Sept)-->760, CORN由500元升至830元(2022-APR), 最近又輾轉跌回680-->683(2022-Sept)-->646, RICE由13元一直上升至17.1-->16.8-->17.65元，糖價由19元一直偏弱後反彈至17.62-->19.49元。
貴金屬: 金價一年間由1700(2021-Sep)升至2000(2022-Feb), 最近又輾轉跌回1670-->1702(2022-Sept)-->1648-->1811，銀價一直偏弱，由22元(2021-Sep)一直跌至19-->20.16元(2022-Sep)-->19.23-->23.36, 銅價由4.2一直跌至3.38-->3.38-->3.43-->3.91-->3.86元。
個股方面: 中港股巿及中國地產上周調整了一周後反彈了一周，整體已呈現上升的軌跡，交易者一般擔心升勢不能持續。美國股巿在感恩節後指數仍然波動，通脹數據及就業數據都有改善，聯儲局鮑威爾預示加息的步伐應該會放慢。
巿場方向：恒指5天在16971升至18675, M5, 17568-->18302，M10, 17809-->17935, M30, 16565-->16865. 標普5天由4000-->4071， M5,3994-->4029, M10,3981-->4012, M30, 3847-->3907。英國通脹10.1-->11.1%，利率2.25-->3%。美國8.5-->8.3-->8.2-->7.75-->6%, LT3.27-->3.27%，失業率3.7-->3.5-->3.7%，利率2.33-3.08-->3.08-->3.83%。
波動比例: 33-->51/72恒指成份股在過去5天都有漲幅，49-->58/72在恒指成份股在過去10天都有漲幅，11-->22/72恒指成份股在過去120天都有漲幅。
佈局策略：Don't Fight the FED
中國的防疫政策在香港金融峰會後正式逐步放鬆，美國的經濟從鮑威爾的報告中似乎問題不大，這可從標普指數看出來，個股的股災不代表美國的經濟有問題，選股的重要性可想而知多麼重要！香港的情況比較易預測，指數股災後就是龍頭公司覆甦的好時機，誰的跌幅更遲，反彈更快就是龍頭，牛巿不能估頂，唯有設定好止蝕機制，然後讓盈利去跑！
Returning to monetary policy, my FOMC colleagues and I are strongly committed to restoring price stability. After our November meeting, we noted that we anticipated that ongoing rate increases will be appropriate in order to attain a policy stance that is sufficiently restrictive to move inflation down to 2 percent over time.
Monetary policy affects the economy and inflation with uncertain lags, and the full effects of our rapid tightening so far are yet to be felt. Thus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. The time for moderating the pace of rate increases may come as soon as the December meeting. Given our progress in tightening policy, the timing of that moderation is far less significant than the questions of how much further we will need to raise rates to control inflation, and the length of time it will be necessary to hold policy at a restrictive level. It is likely that restoring price stability will require holding policy at a restrictive level for some time. History cautions strongly against prematurely loosening policy. We will stay the course until the job is done.
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20220921.pdf
https://www.federalreserve.gov/newsevents/speech/powell20221130a.htm
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