Thoughts on Emerging Markets resilience after recent CPI
Watching how $EEM is holding up, currently at 64.32, after the latest CPI print was pretty interesting. You'd think with the market pricing in higher for longer, emerging markets would be feeling more pressure, but there's a definite underlying resilience there. Makes me wonder if a lot of the 'bad news' is already priced in, or if there's a growing divergence in how different regions are handling these economic currents. Definitely keeping an eye on this for potential shifts in my watchlist allocation, especially if developed markets start to falter more visibly.
I'm seeing similar resilience, which does make you question the 'higher for longer' impact. Could be that EM fundamentals are stronger than widely assumed, or perhaps the 'bad news' indeed largely priced in.