🔴 EEM is trading 5.1% down today ahead of PCE report and higher-for-longer rate fears

EEM is trading 5.1% down today as investors cut exposure to risk assets ahead of the upcoming U.S. PCE inflation report, which could reinforce expectations for higher-for-longer interest rates.

• A broad global risk-off move and pronounced weakness in growth and tech-linked shares across U.S., European, and Asian markets are weighing heavily on emerging-market equities.
• EEM is notably underperforming major U.S. indices early in the session as global sentiment shifts toward defensive positioning.