The French CAC represents the leading edge of the March 2020 Global Asset-Debt Macroeconomy. Unlike other countries, France adopted nuclear energy policy which provides 70 % of its national energy. unlike other western countries France’s consumer inflation problem peaked earlier this year at less than 6 percent because of its energy choices.

The French equity curve is following a March 2020 33/72/58 peak valuation with a gapped blow-off on 14 April 2023, representing the 58 week 3rd fractal.

This pattern is the identical to the Nikkei’s, whose 58 week lower high lower valuation is secondary to Japan’s requirement to import energy. Japan is following a 2009 45-/89/54 month :: x/2x (2.5x’)/1.5x’ three phase fractal series.