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In late November, Germany’s DAX index set a new milestone: It met the requisite 20%-plus rally of a new bull market. Here’s the clincher: the DAX gains occurred despite a boatload of bearish data. As recent history shows, the DAX defying its “fundamental” script seems to be more the rule, than the exception to it.
Normally, stocks peak first, and consumer sentiment follows – but in Germany, the two have reversed – why? Also, what does the anxiety in the forex market say about the wave structure of the broader market? Watch our European Financial Forecast editor Brian Whitmer touch on all of that in this short video.
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