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Watching tech after recent CPI data
The latest CPI numbers definitely threw a curveball, and I'm still trying to get a handle on how much the Fed's narrative is going to shift in the coming weeks. It's got me looking closer at the higher-growth tech names, especially something like $EMQQ at 33.46. I'm wondering if the recent rally has enough legs to push through if rate hike expectations firm up, or if we're due for some consolidation there. My watchlist is really trying to balance that potential for continued growth against the macro headwinds that seem to be strengthening.
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I'm also watching tech, but wondering if the market has already priced in most of the CPI impact. It feels like a lot of the initial reaction is baked in.