NEW YORK (TheStreet) -- Global equity markets were lower on Wednesday due to China's worry of inflation and tightening monetary policy.TheStreet's Debra Borchardt is with Alan Valdes of DME Securities, who said that it's actually a good thing that China is tightening its monetary policy, motivated by potential inflation fears after seeing increased consumer spending. However, he did express caution that China would have to be careful in regards to how much they tighten, but suggested that it should be OK. He also said that their housing market has been doing well, but admitted that overall, Chinese growth will likely start to slow down a bit in the future. Valdes also suggested that today's macro news might just be an excuse for some investors to start taking profits, realizing some of the large gains for the year. Aside from profit taking, he admitted that earnings have been relatively mixed, citing Boeing ( BA), which did good, and Caterpillar ( CAT), which did bad, as two that fit the bill. He concluded that with a few big companies still left to report earnings this week, like Amazon ( AMZN), Microsoft ( MSFT), and Ford ( F), investors are simply locking in some gains and taking profits.