Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.55% across the same tape.
98 desks completed all five charts.
Brexit jitters had global markets on edge, sending capital straight into quiet consumer staples for safety. The defensive bid arrived right on cue.
Pre-election anxiety was building and interest rates were pinned at zero, so the street was hiding out in defensive utility yield. That steady accumulation kept right on rolling.
The post-recession discount boom was losing momentum as pressure on lower-income budgets caught up with retail sentiment. Sellers were far from done.
The European debt crisis was flaring up again and global slowdown fears were battering heavy manufacturing. Sellers were not done.
Post-pandemic PC demand was cratering and chipmakers were left holding a mountain of unsold inventory. Sellers were not done yet.