EEM looking... frisky this morning?
Morning all. Just glancing at the screens and $EEM is catching my eye, currently up +0.79% at 64.09. Seems like a decent little pop after yesterday's indecision. My thought process here is still tethered to the recent talk of a slightly softer landing, or at least a less catastrophic one, for some of these emerging economies, particularly Asia. If the fed is truly done hiking, or even hints at cuts further down the line, that's generally a tailwind for EM.
I'm not jumping in with both feet, mind you. Still wary of the geopolitical overhead and the sheer volatility that can whip through this sector faster than a politician changes their mind. But I'm keeping a closer watch on it today, especially how it handles the 65.06 level if it gets there. A sustained break could signal something more than just a dead cat bounce, though I've been fooled by those before. Just adding it to the watchlist of things that could move if the macro narrative keeps shifting this way.