Watching the DAX this week, it's pretty clear that despite a lot of the talk about a softening Eurozone outlook, the index itself is just grinding higher. We've got the $USDX at 25.505, barely moving, and bond yields are choppy, yet the DAX seems to be largely shrugging off the 'macro headwinds'. My take is the pure price action is screaming strength, and folks overthinking the macro are missing the boat. Change my mind.
Totally agree. Sometimes the market just wants to go up regardless of the noise. It feels like everyone's waiting for a major shoe to drop, but the indices are just slowly chugging along, especially in Europe.
Price action definitely has a strong influence, but ignoring the macro entirely seems naive. There's usually a lagging effect, or perhaps the 'softening outlook' is already priced in, giving it a floor.
It's an interesting observation. I wonder if it's less about pure strength and more about sector rotation within the DAX, or perhaps a delayed reaction to previous positive news that's finally being priced in, offsetting some of the current macro concerns.
จริงครับ ช่วงนี้ผมก็รู้สึกว่าตลาดไม่ค่อยแคร์ข่าวเท่าไหร่ เน้นดูกราฟล้วนๆ เลย คิดว่าถ้า macro มันแย่จริง ราคาก็คงสะท้อนออกมาเองแหละมั้งครับ?