EMXC's Resilience and the Inflation Print

It's interesting to see the EMXC holding up reasonably well today, currently sitting at 94.66. We had that somewhat sticky CPI data come out recently, which naturally sparked a fair bit of talk about whether the Fed's hands are tied for longer than anticipated. You'd think a more persistent inflation narrative would put a stronger damper on risk assets, especially those with an emerging markets component, given the general sensitivity to rate differentials.

My watchlist is heavily focused on how various sectors within the EMXC's composition are reacting. If this resilience isn't just noise, but rather a sign that some of these economies are proving more robust to higher-for-longer rate expectations than perhaps the market gave them credit for a few weeks back, it could warrant a deeper dive. I'm keeping an eye on the underlying sector performance for any divergence from the broader index. The question is, how much of this is genuine strength, and how much is just rotational money looking for anything that hasn't already run?