DAX strength vs. ongoing rate uncertainty

It's interesting to see the $DAX up 0.80% today, pushing towards 24878.5 at the upper end of its daily range (24683-24878.5). Certainly a decent move, and it makes you wonder if the market is just shrugging off the underlying unease about future rate hikes, or if there's some deeper optimism I'm missing. The narrative around inflation is still a bit murky, and central banks are hardly signaling a dovish pivot yet. Are we just seeing a bounce fueled by short covering, or is there genuine capital flowing back into European equities despite the looming specter of higher-for-longer rates?

I'm keeping an eye on how this daily strength holds up against any hawkish commentary that might drop in the next few days. My watchlist is still leaning towards sectors with strong pricing power and lower sensitivity to interest rate fluctuations, because frankly, I don't trust this current market 'all clear' signal. This kind of move feels more like a technical breakout than a fundamental re-evaluation of the macro landscape. It makes me want to be patient and wait for confirmation before diving into anything too cyclical.