ECB tone and its impact on DAX: Still too early to call a top?

The latest ECB comments have been… interesting. On one hand, you have some members still hawkish, hinting at prolonged higher rates to really crush inflation. Then you have others acknowledging the recent slowdown in economic activity, which makes you wonder how much more tightening they can really stomach without causing a deeper recession. It feels like we're in this weird holding pattern, with $EURUSD reflecting that uncertainty.

I'm still watching the DAX closely. It's held up remarkably well considering the broader macro backdrop, but the constant push-pull from the central bank narrative is making it tough to get a clean read. I'm keeping my watchlist pretty agile, focusing on sectors that could benefit from potential rate cuts later in the year, assuming inflation truly cools off, but also wary of a sharp re-pricing if the hawkish talk persists. Not making any big moves yet, just observing how these conflicting signals resolve.