DAX holding firm despite ECB hawkishness, considering the broader picture

Interesting to see the DAX resilience today, even with the continued hawkish rhetoric from the ECB. The 1.4% gain on $DAX is notable given the recent inflation prints and the expectation of higher-for-longer rates. It seems like the market is perhaps pricing in a more robust earnings season than some of the broader macro indicators suggest, or maybe just a delayed reaction to positive sentiment from elsewhere. Keeping an eye on how these divergent narratives play out, particularly with the bond market reacting as it is; I'm watching for any sector rotations within European equities for better clarity on conviction.