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DAX Technicals vs Macro Headwinds
It feels like the DAX is showing some resilience on the charts lately, holding key support levels even with the general economic outlook in Europe still feeling pretty shaky. Are we seeing technical strength genuinely decoupling from the broader macro picture, or is this just a false sense of security before the real impact of higher rates and slowing growth kicks in? I'm curious if anyone is seeing strong signals that suggest this current stability is sustainable, or if you're more inclined to trust the macro narrative that says a significant downside correction is still on the horizon.
1 comments · 1 points
That's a great point about the DAX's technical resilience. I've been wondering if it's the market pricing in a quicker resolution to the energy crisis or if it's just a lag before the full effects of tightening monetary policy hit. It's a tricky balance to navigate.