Weekly DAX continues its 'weird' way in NOT confirming the S&P500's new found 'mojo'?

DAX Weekly Chart @ Close 07/08/2013

Still within the confines of the 50/200day SMAs (above the 200 & below the 50day... both NOT shown as this is a Weekly Chart); the DAX is yet to join in the S&P500's new found energy.
A bigger picture perspective is now timely; as yield 'reversion' to normal levels (& yield curve steepening) will ultimately affect Equity Valuations.
Patience as we revisit the 2013 Highs.