Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.18% across the same tape.
33 desks completed all five charts.
Bullion had just suffered its sharpest rout in decades as the post-crisis gold boom finally broke, dragging the world's biggest miners down with it. After three months of relentless selling, Newmont caught its breath here, though the sector's long bear market was only getting started.
Bets on the first US rate cuts in four years and new AI data-centre power demand turned sleepy utilities like Duke Energy into one of the summer's quiet winners. After three months of steady climbing, the shares took a breather here and held their ground.
Rising bond yields and a fierce squeeze on supermarket shelf prices had turned steady household brands like Procter & Gamble into the market's punching bag in early 2018. With Nelson Peltz's proxy fight barely settled and razor brands losing ground to online upstarts, the sellers were still not finished.
Subprime lawsuits and the European debt crisis still hung over the credit rating agencies in the spring of 2012, so plenty of the market treated Moody's like a permanently damaged business. Cheap borrowing was about to set off a corporate bond boom instead, and the shares are up +1488.6% since.
Spring 2025's tariff shock had traders dumping regional lenders like PNC on fears that a trade war would freeze corporate borrowing and squeeze credit quality. By late May the worst of the recession panic had blown over, and buyers stepped back into the banks.