Escalating trade tensions had sparked fresh panic over a global manufacturing slowdown, and cyclical industrials were taking the brunt of it. This was the week the selling finally ran out of steam.
Daily #50 stock chart answers — August 23, 2026
Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.25% across the same tape.
74 desks completed all five charts.
Surging interest rates had battered debt-heavy tower landlords for a year, and this winter pause rested on hopes that central banks were nearly done. That optimism ran out of road here.
The Bear Stearns bailout had sparked a spring relief rally, and investors were crowding into steady dividend payers to hide from the gathering credit crisis. This was the week the bounce ran out of steam.
After a year spent digesting billions in medical device acquisitions, investors were finally convinced the debt was manageable. The steady summer grind simply carried on.
With the Federal Reserve steadily raising interest rates that autumn, conventional wisdom said high-dividend utilities were dead money. Buyers looked straight past the rate scare, and this quiet run kept finding another gear.