Historic Liberating Blow: DAX Pulverizes 25,000 Points and Storms to New All-Time High!
What brilliant market fireworks! The German leading index broke all shackles on Thursday and literally pulverized the magic 25,000-point mark with an outstanding performance of 2.16%. With a sensational closing price of 25,580 points, the DAX marked a brand-new all-time high, pushing into completely uncharted territory from a technical charting perspective. The fuel for this gigantic rally is a highly explosive mixture: on the one hand, continuously falling oil prices provide massive relief, while on the other, unexpectedly weak U.S. labor market data fuels the wildest interest rate fantasies. Investors interpret the muted figures as a clear signal that the Federal Reserve will sit back for now and adopt a wait-and-see attitude. True to the motto "buy the rumor, sell the fact," this hope is currently being aggressively bought. With plenty of time left until the next crucial Fed meeting on July 29, the bulls still have more than enough room to further expand this fresh upward momentum.
Brenntag Dominates the Floor—Zalando Targets New Annual High
Pure buying mood prevailed on the individual stock floor on Thursday. The undisputed frontrunner was the Brenntag stock, which sovereignly led the DAX field with a brilliant price leap of 4.3%. In the fiercely contested runner-up spots, Zalando shone with a hefty premium of 3.9%, followed by Continental (+3.4%). Professional traders are paying close attention to Zalando in particular: the stubborn downward trend seems to have finally been put to bed! The stock is heading straight toward a new annual high with enormous momentum, which, from a charting perspective, could potentially be cracked as early as today, Friday, if the strength persists.
Independence Day Slows the Momentum: Is the DAX Taking a Breathing Space?
Following this explosive feat of strength, the German leading index now faces a significantly quieter end to the week. Since the U.S. stock exchanges remain completely closed today, Friday, due to the brought-forward holiday (Independence Day), crucial impulses from overseas will be missing. Quiet, primarily technically driven trading is firmly to be expected. After such a record-breaking chase, it would not only be completely normal but also technically healthy for the DAX to treat itself to a well-deserved breathing space first. This allows market participants to gather new strength to launch fresh attacks on yesterday's all-time high in the coming week.
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