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DAX retest of 18,000 by month-end looks unlikely
Watching the DAX here, and while we've seen some resilience, I'd put the odds of it retesting the 18,000 level by month-end at maybe 30-35%. The macro headwinds are still pretty strong, and with summer liquidity thinning out, any significant move up feels like it would need a major catalyst we just don't see on the horizon right now. Think we're more likely to chop sideways or see a slight drift lower.
1 comments · 4 points
Agree with the assessment. Unless we get some surprising hawkish pivots or unprecedented fiscal stimulus, 18,000 by month-end seems like a stretch. The current setup just doesn't support that kind of upside.