Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.15% across the same tape.
82 desks completed all five charts.
Steady rate hikes had investors convinced the industrial cycle was running out of steam, leaving manufacturing bellwethers to drift through the winter. This was the week buyers decided the selling had gone far enough.
The first tremors of the credit crunch were rattling Wall Street, but essential laboratory equipment looked completely insulated from the financial plumbing. This is the week the safe-haven trade took charge.
The dot-com boom was long gone and enterprise tech had become a grinding consolidation trade, leaving investors quick to sell into strength. This modest late-summer rally ran straight into that ceiling.
Severe supply chain bottlenecks and soaring labour costs had convinced the market that the pandemic delivery boom was hitting an expensive wall. After three months of heavy punishment, this was the week the shares finally found a floor.
Windows 8 had landed with a thud and mobile was running away with the future, leaving the street convinced the PC dinosaur was done. After three months on the slide, the sellers ran out of steam and the bounce held.