DAX Holding Up, But for How Long?

Watching the DAX this week. Seems to be holding steady despite some of the recent noise from the ECB. The hawkish rhetoric from Lagarde, particularly on persistent inflation, is making me rethink some of my longer-term assumptions about the speed of rate cuts. It's tough to see a strong catalyst for a sustained breakout north if central banks continue to signal a higher-for-longer stance, which seems to be the play right now.

I'm still looking at industrials and some specific tech names that have resilient balance sheets, but new entries are on hold. The earnings reports coming out next week for some of the larger caps will be telling. If they start to show real demand destruction from elevated rates, the current floor might not hold. Definitely a cautious approach from here.