Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.09% across the same tape.
42 desks completed all five charts.
The cloud revolution was leading the market, but high-flying software valuations were just beginning to make investors nervous. These five days caught the start of that sector rotation, shaving 2.1% off the price.
Hopes of a domestic manufacturing renaissance had put industrial bellwethers back at the centre of the reflation trade. The shares kept the run alive with a steady +1.0% gain over the next five days.
With Washington threatening a major crackdown on drug pricing, the industry was braced for a hit until the White House blueprint spared the manufacturers. These five days saw the stock ease back by just 0.6% as the political panic subsided.
Smartphones were starting to clog cellular networks and investors were worried that massive upgrades would swallow the profits. A flat -0.5% over the next five days showed a market still waiting for the bill.
The weight-loss drug panic had just taken hold and investors were convinced processed food was a dying trade, leaving General Mills out in the cold. A 0.4% drop over the next five days kicked off a structural decline that has left the shares 36.7% lower since.