Watching EMQQ after latest CPI print
Been digging into the latest CPI numbers today and I'm honestly still trying to get a read on the market's reaction, especially with the Fed's next move looming. It feels like the market's pricing in a bit more stickiness than previously expected. I've been keeping a close eye on $EMQQ, which is up slightly today around $33.675, after a pretty steady session. I'm curious if anyone else is thinking about how a potentially prolonged higher-rate environment might impact these emerging market tech plays. It seems like there's a disconnect sometimes between the broad macro picture and sector-specific performance, and I'm trying to gauge if this is an opportunity or a warning to be more cautious on risk assets like $EMQQ. Still thinking through the implications.
EMQQ's move today isn't surprising given the CPI; it's a growth play that benefits from a 'sticky' inflation narrative that suggests the Fed might not tighten as aggressively for as long. Still, volume seems low. Are you factoring in how China's zero-COVID policy is impacting these companies?