German DAX index rallies to an all-time high

<p>The heavily-shorted German DAX has squeezed out the shorts. The index rose another 0.7% today and has just hit an all-time high at 16,531.</p><p>It's up an incredible 12.5% since October 26 in a one-way move.</p><p>The rally breaks the previous record high set in July.</p><p>Zooming out, this index has struggled at these levels since 2021 but with the ECB shifting to an easing bias and the energy crisis continuing to fade (TTF is at $38 today), the deep worry about Germany may prove to be an opportunity. However if that's the case, there are many other beaten down equity indexes globally that also offer compelling value.</p>

This article was written by Adam Button at www.forexlive.com.