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Thoughts on EEM divergence with broader EM weakness
It's interesting seeing $EEM up +0.80% today, trading at 65.69, when you consider the general sentiment around emerging markets seems a bit more cautious right now. Wondering if anyone else is watching for a potential short-term bounce or if this is just noise before a deeper correction given the global rate environment.
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I've been noticing that divergence too. While it's easy to dismiss as noise, I'm curious if anyone has looked into the sectorial or country-specific breakdown within EEM that might be driving this specific uptick today, especially if the broader EM picture remains somewhat bleak.