Five anonymised historical charts were dealt to every player. The Monkey Index returned +0.62% across the same tape.
43 desks completed all five charts.
Rising Medicare costs and Washington scrutiny had turned America's biggest health insurer from a safe harbour into a punchbag across the spring. By September, value hunters decided the worst of the damage was already in the price and stepped back in.
Cloud rivals were eating into traditional database licences and a surging dollar was squeezing overseas sales, leaving Wall Street sceptical that an old-guard software giant could make the leap to subscriptions. Buyers finally stepped in here to break three months of dead-flat trading.
Lockdown athleisure demand and the big direct-to-consumer push had carried Nike to record highs that summer, right before Asian factory closures and supply-chain bottlenecks caught up with the story. It was near the top of the mountain, with the shares down 73.2% since.
Falling bond yields at the end of 2023 gave rate-sensitive mobile tower landlords a sharp relief rally, even as Crown Castle faced activist pressure over slow 5G leasing and a costly fibre buildout. By mid-January the rate-cut euphoria was already cooling, and the rebound ran out of steam.
Closing the Cooper Industries deal at the end of 2012 turned an old-line industrial manufacturer into an electrical power heavyweight just as Washington cleared the fiscal cliff and US construction started waking up. Buyers kept pressing the breakout into February, treating the combined group as a cleaner bet on the grid than the cyclical parts business it used to be.