Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.13% across the same tape.
72 desks completed all five charts.
Oil had taken a breather after a blistering autumn run, and plenty on the street thought the energy rally had peaked. This quiet winter lull ended the moment buyers stepped back in for the next leg.
Election optimism had swept the rest of the market into record territory, but traditional software spent the autumn idling while investors debated how much growth was left in the tank. This was the week buyers broke the deadlock.
Mounting trade war tensions and the 2018 rate scare had investors dumping industrial heavyweights on fears of a manufacturing slowdown. This was the week the pressure briefly eased and buyers stepped back in.
Silicon Valley Bank had just collapsed and freight demand was cooling off, so few traders wanted anything to do with rail haulage. The drift stopped here, but buyers were in no rush to step back in.
Crude oil was touching record highs and energy was the last trade working in a sliding market, but the wider financial crisis was catching up. This is the week the top gave way.