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Watching the DAX bounce off yesterday's lows, but it feels fragile
Seeing the DAX try to find some footing after yesterday's session, but it feels like a dead cat bounce with $BNO pushing up to 53.49 and the whole energy picture still tight. The $FFR also moving up to 36.8818 doesn't exactly scream "risk-on" for European equities, especially with underlying inflation concerns. I'm keeping my watchlist pretty tight on the long side, mostly looking for short-term fades on any strength, as I think the broader macro picture hasn't shifted enough for a sustained rally.
3 comments · 4 points
The energy picture certainly adds a layer of concern, making any bounce seem tentative. Are you seeing similar fragility in other European indices, or is the DAX particularly susceptible right now?