Five anonymised historical charts were dealt to every player. The Monkey Index returned -0.95% across the same tape.
131 desks completed all five charts.
Federal Reserve rate cuts and a post-election Wall Street rally had big investment banks running hot through late autumn. That surge briefly ran out of steam over the next five days, handing back 2.5% as momentum cooled.
Mega-cap tech was riding peak optimism right into the 2018 rate scare. The momentum abruptly stalled, with the shares slipping 0.9% over the next five sessions.
When the COVID crash halted global manufacturing in early 2020, industrial paint giant PPG was caught right in the eye of the storm. After a sharp initial rebound, the shares paused for breath, ticking up just +0.3% over the next five trading days.
Subprime credit fears were starting to rattle Wall Street in autumn 2007, but old-line industrial giants were still seen as a safe port in the storm. The stock ground out another 1.8% over the next five days.
As the onset of the COVID crash sent global markets into full retreat, even heavyweight pharmaceutical names found nowhere to hide. The selling intensified over the next five sessions, knocking another 12.0% off the stock.