Has the DAX finally topped out?

Well, it seems rather obvious to point out the DAX set an all time daily, weekly and monthly close on Friday. The index had set a new all time high earlier in the day, at exactly 21,800. It later closed just 4.85 points higher, at 21,732. Of course the index had already closed for the week before the US trade tariff news had a chance to impact it lower. Well, the DAX futures did react to that news, as they fell back with the US stock markets. What should be even more of a concern for the index this week, is the comments later on Friday evening from Donald Trump. He stated clearly that he is going to be doing: ‘Something very significant with the EU’. Look, this analyst has been saying for weeks; that fundamentally the DAX has no business being where it is, but still accepting the rising trend, but able to distinguish between the two. However, these comments from Trump are important. Is this what finally topples the apple cart and reverses the trend? Well, that might just be, especially when one considers the huge trade surplus Germany enjoys with the US. That is currently running at a record, north of 65 billion Euros in 2024. There is going to be a lot more to add on the DAX this week. The futures are right now pricing a sharply lower opening, currently around 21,240 but it has been much closer to 21k earlier today