Whither the DAX

[grantx]

The FTSE, DJ Stoxx (cash and future) broke their 200-day ma's a few days ago; the DOW yielded today.

However, the DAX still has some way to go: c 7143 on the future (7313 last trade), 7109 on the cash (7272 close today).

Why?

Grant.

 

[firewalker99]

The FTSE, DJ Stoxx (cash and future) broke their 200-day ma's a few days ago; the DOW yielded today.

However, the DAX still has some way to go: c 7143 on the future (7313 last trade), 7109 on the cash (7272 close today).

Why?

Grant.

Not all markets turn bearish at the exact same time...? just my 2c

 

[grantx]

FW,

Struck me as odd that the DAX hasn’t, and especially when compared to the Stoxx given the high correlation. Of course, all index constituents are different but I doubt the DAX is unique in its degree of broad economic international/European exposure.

Or perhaps it illustrates the advantage of the ECB being a proxy for the Bundesbank, ie the primacy of the German economy.

Grant.