DAX Holding Up - Price Action vs. Macro?

Watching the DAX this week, it's pretty clear that despite a lot of the talk about a softening Eurozone outlook, the index itself is just grinding higher. We've got the $USDX at 25.505, barely moving, and bond yields are choppy, yet the DAX seems to be largely shrugging off the 'macro headwinds'. My take is the pure price action is screaming strength, and folks overthinking the macro are missing the boat. Change my mind.