Five anonymised historical charts were dealt to every player. The Monkey Index returned -0.05% across the same tape.
31 desks completed all five charts.
The Lehman collapse had just frozen the global financial system, so panicked investors were dumping even utility giants to raise cash. This is the week defensive buyers stepped back in to hunt for yield, grinding out a 3.0% gain over the next five days.
The global chip shortage was beginning to throttle car plants worldwide, but the street was already worrying that the supply boom had peaked. The shares took a breather here, finishing the next five days up +0.2%.
The global oil glut had triggered a brutal commodity crash, forcing the market to price in a permanent decline for the old energy giants. This is the week the selling pressure finally relented, allowing the stock to grind out a 3.1% gain.
With inflation biting and hospitals struggling to find staff, the market decided that costly surgical robots were a luxury nobody could afford. A swift 6.3% rebound over the next five days suggested investors had panicked too early.
Subprime mortgage defaults had just begun to shake Wall Street and housing was starting to implode, so half the market was bracing for a broader collapse. The shares slipped 1.0% over the next five days before climbing 603.9% to today.