Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.10% across the same tape.
96 desks completed all five charts.
Tech giants had just realized artificial intelligence was going to devour data-centre power, turning defensive utility stocks into hot commodities. The shares tacked on another 2.1% over the week as the street committed to the new grid story.
High interest rates had turned sleepy utility stocks into unloved bond proxies, so nobody on Wall Street was looking for growth here. The bounce promptly lost its charge over the next five days, creeping up by just +0.4%.
With post-crisis restructuring finally taking hold, Wall Street was pouring back into heavy industrial conglomerates as the broader economic recovery gained traction. That steady institutional bid held right into mid-December, tacking on another 2.8% over the next five trading days.
The enterprise cloud shift was gathering pace as Wall Street quietly revalued the old software guard. The move settled into a steady stride, adding a calm +1.0% over the next five trading days.
The post-crisis recovery had hit a summer lull in 2010, leaving Wall Street to treat heavy rail as a bellwether for a slowing economy. That macro drag held firm, taking a further 2.1% off the shares over the next five trading days.