Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.26% across the same tape.
25 desks completed all five charts.
Losing the massive Costco contract and the shock Brexit vote had half the street convinced that the premium brand was done. The shares shrugged off the panic with a +2.4% gain over the next five days, launching a +577.7% climb to today.
Subprime mortgage jitters were just starting to rattle credit markets, but consumer demand still seemed secure enough to protect the media giants. This is the week that complacency broke, knocking 1.7% off the stock.
China's appetite for industrial metals had started to cool and global copper supply was swamping the market, so everyone assumed the mining boom was over. This is the week the selling finally exhausted itself, with the price drifting just -0.1%.
Oil was in freefall and the Fed had just hiked rates, leaving half the market convinced a nasty industrial recession was about to bite. Instead, these shares put on 3.7% over the next five days as buyers decided the panic was overdone.
Subprime defaults were starting to ripple through credit markets, leaving the market increasingly nervous about the big consumer banks. That quiet tension shaved another 0.4% off the shares over the next five days.