Copper, the global useful building element commodity is following the same March 2020 monthly fractal pathway as the German Dax : 8-9/24/22 months. The 24 month second fractal is composed of a 4/9/8/6 exactly paralleling the German Dax.

The weekly German Dax from the low in October 2023 is composed of two fractal series: an initial 3/6/6 of 13 week first fractal series and a 5/10/10/1 of 7 week or 29 week second fractal series. This should end in about the last wee of July 2024.

With weakening economic data, the European and Canadian central banks have already lowered sovereign interest rates. A significant July 2024 drop in global equities will likely precipitate another round of central bank interest rate cuts and an initial Federal Reserve Fed Funds rate cut. A third fractal rebound of about 23-24 weeks would take equity growth beyond the United States early November 2024 presidential election.