Policy Archive
Central banks and governments repricing everything they touch. Policy replays train you to read official language as a market input.
52 archive files
2024 · Forex · US
October 2024: The Dollar's Policy-Driven Surge — How One Political Inflection Reshaped 49 Currency Pairs
October 2024 triggered a dollar surge that rippled across 49 currency pairs in three months. From orderly CNY depreciation to disorderly RUB moves, the divergence tells the full story.
Read the file →2024 · Commodities · US
2024 Commodity Markets: The Fed's September Pivot and the Dollar Weakness That Divided 53 Scenarios
How the Federal Reserve's September 2024 rate cut split commodity markets — energy surges, agricultural boom, and industrial metals stagnation under a single policy shift.
Read the file →2024 · Forex · JP
2024 Spring: When Tokyo Drew the Line at 152 — Japan's Yen Defense in G10 Forex
Tokyo's spring 2024 stance at the 152 USD/JPY level shaped G10 crosses for three months. Seven currency pairs, 66 trading days of data, and a policy signal that market momentum ultimately overwhelmed.
Read the file →2024 · Commodities · US
November 2024: Trump's Election and the Policy-Driven Commodity Rout
Trump's November 2024 election win sent the dollar surging and commodities tumbling. Ferrous markets bore the brunt; the Coke replay tracked a 20.9% max drawdown.
Read the file →2024 · Commodities · US
November 2024: Tariff Shock and Dollar Surge Reshape the Entire US Commodity Complex
Policy headlines and USD volatility dominated 122 trading days from Nov 2024–May 2025, driving record drawdowns across 54 commodity scenarios.
Read the file →2024 · Stocks · US
2024 Consumer Disc SPDR: Riding the Sector Rotation Boom
An XLY boom replaying 150 trading days from June 2024 through January 2025, the Consumer Disc SPDR climbed 27.2% with a 12.7% drawdown and 11 decision points.
Read the file →2023 · Forex · US
2023-05-09: EM Currency Storm — How Dollar Stratification Rewrote Risk Across 49 Pairs
US debt-ceiling brinkmanship May–Aug 2023 fragmented EM FX into distinct strata, from Nigeria's 66% naira collapse to Albania's measured 5.6% decline. Yen weakness followed.
Read the file →2022 · Forex · US
2022 Autumn: Three Forex Storms — Yen Intervention, UK Mini-Budget, Dollar Peak at 114
USD/JPY reversed after Japan's finance ministry intervened; GBP collapsed on the UK mini-budget crisis; DXY hit 114 in Q4 2022 — all within months.
Read the file →2018 · Commodities · US
2018-02 to 2018-08: Policy Uncertainty and the Dollar Surge Reshape Global Commodity Markets
Six months of policy-driven commodity turbulence as USD strength and trade uncertainty created divergent outcomes across ferrous metals, energy, and agricultural markets.
Read the file →2018 · Commodities · US
October 2018: The Commodity Rout That Followed Peak Oil
Energy markets peaked in October 2018 then entered a sustained correction as demand fears, supply glut, and a Federal Reserve pivot reshaped commodity valuations across 32 scenarios.
Read the file →2018 · Property · US
March 2018: The Fed's Rate Hike Cycle and Global Property Markets Under Pressure
The Federal Reserve's March 2018 rate-hike launch tested US and China property markets over 30 months—some cities absorbed rising rates, others buckled.
Read the file →2018 · Forex · JP
October 23, 2018: USD/CNY Enters the Trade-War Vortex, Reshaping Emerging-Market Forex
When USD/CNY broke key levels in late 2018, trade-war fears and a Fed pivot sent EM currencies into a four-month tailspin across 104 market slices.
Read the file →2016 · Commodities · US
November 8, 2016: Trump's Election Unleashed Policy-Driven Volatility Across Global Commodities
Trump's November 2016 victory sent commodity markets into a policy-driven turmoil, with ferrous metals and energies especially volatile across 114 trading days through March 2017.
Read the file →2015 · Forex · EU
March 2015: ECB QE Launch and the Euro's Divergent Paths Across G10 Markets
When the ECB unveiled quantitative easing in March 2015, EUR crosses told five different stories—from EUR/JPY's 6.8% rally to EUR/GBP's 5.0% drawdown, all within 64 trading days.
Read the file →2015 · Commodities · US
December 16, 2015: The Fed's Rate Hike and the Global Commodity Rout
When the Federal Reserve raised rates for the first time in seven years, commodity markets felt it immediately. Dollar strength became the fuse for a cross-sector crisis that hit energy hardest.
Read the file →2015 · Forex · US
December 2015: The Federal Reserve Hikes—and Emerging-Market Currencies Fracture
When the Fed finally lifted rates in December 2015, emerging-market forex had already begun fracturing. A forensic look at how policy divergence triggered currency crises across the developing world.
Read the file →2015 · Property · US
2015-12: The Fed's First Post-Crisis Hike and the Calm That Followed in US Property
In December 2015 the Federal Reserve raised rates for the first time in nearly a decade, testing US property markets already in multi-year recovery. The reaction was remarkably muted.
Read the file →2014 · Commodities · US
August 2014–January 2015: Dollar Surge and Policy Divergence Fracture Global Commodities
How a dollar surge in October 2014, driven by Fed policy divergence, triggered a broad commodities collapse across energy, metals, and agriculture, with crude oil max drawdown reaching 54.9%.
Read the file →2014 · Forex · US
2014: The Dollar's Broad Surge and the EM Forex Reckoning
2014: Dollar's surge reshaped global currency markets. Fed-ECB divergence drove EM/G10 FX across two waves, July–Jan.
Read the file →2013 · Commodities · US
2013 Summer: The Fed's Taper Talk and 72 Days Across Commodity Markets
Ben Bernanke's June 2013 taper hint shattered three months of commodity calm, sending corn into a 30.6% collapse while cocoa surged 14.6%.
Read the file →2013 · Forex · JP
January–May 2013: Abenomics Unleashes Yen Weakness Across G10 Forex
When Japan's new government launched massive monetary stimulus in 2013, every G10 cross against the yen broke higher — but the paths were anything but straight.
Read the file →2012 · Commodities · US
Summer 2012: Drought and ECB OMT — The Dual Shock That Split Commodity Markets
June 2012 drought split US commodity markets while ECB's September OMT announcement reshaped global risk sentiment, creating divergent outcomes across grains, softs, and metals.
Read the file →2012 · Stocks · US
2012 Global Equity Correction: From Summer Drawdown to Divergent Recovery
Global equities entered summer 2012 with a broad correction, then bifurcated sharply — US and Nordic markets recovered while emerging Asia and Europe diverged through year-end.
Read the file →2012 · Forex · EU
July 2012: EUR/CHF Floor and the Divergent Fortunes of G10 Currency Pairs
The SNB's 11-month-old floor against the euro framed a summer of divergent G10 currency moves as the ECB pivoted toward aggressive easing.
Read the file →2010 · Commodities · US
Late 2010: The QE2 Commodity Surge — How Federal Reserve Policy Reshaped Global Markets
On October 7, 2010, US commodity markets ignited as QE2 expectations flooded markets with liquidity, sending industrial metals, energy, and agriculture into a synchronized boom across 22 markets.
Read the file →2009 · Stocks · US
2009: The Post-Crisis Recovery — Global Equities Rebound Through Hidden Volatility
How global equity markets climbed from the 2008 abyss in 2009 — and what the gap between headline gains and internal drawdowns revealed for traders who lived through each session.
Read the file →2008 · Forex · US
2008-10-07: How Emerging-Market FX Markets Fractured After Lehman
When Lehman fell, capital fled EM currencies indiscriminately. Across 108 pairs, the real story lived in the gap between final prices and the drawdowns endured getting there.
Read the file →2008 · Stocks · US
2008: The Global Equity Correction and Crash — How Subprime Became a Systemic Crisis
During 2008, global equities corrected then crashed as subprime contagion spread from US housing to banks, commodities, and emerging markets worldwide.
Read the file →2005 · Stocks · US
December 8, 2005: ADX Ignition and the New Narrative for Global Equities
On December 8, 2005 the Abu Dhabi Exchange index began a rally that opened a 61-scenario cluster spanning 14 countries and two years of price action.
Read the file →2005 · Stocks · US
Late 2005 Global Stock Rally: Synchronized Bull Markets Across Seven Markets
In late 2005, equity markets across seven countries entered a synchronized uptrend—small-caps led while sectors rotated, testing trend-following discipline.
Read the file →2005 · Stocks · US
2005: Global Uptrend, Regional Divergence — When One Year's Markets Told Three Different Stories
2005 delivered a rare market experiment: global mid-caps climbed while China's indices crashed. Volatility extremes up to 8.4% in a single session tested every assumption about disciplined investing.
Read the file →2004 · Forex · US
2004-10: The Dollar Reversal — Fed Tightening and 37 Currency Markets
The Federal Reserve's mid-2004 tightening cycle triggered a broad dollar reversal, reshaping forex markets across G10 and emerging economies through April 2005.
Read the file →2004 · Stocks · US
2004–2005: Reading the World's Markets in Parallel
A year-end 2004 pivot sent markets on sharply divergent paths—China's reform shock, Indonesia's commodity surge, and a mixed global picture that tested every trading style.
Read the file →2003 · Property · US
2003: The Zero-Drawdown Housing Market and the Psychology of Stability
June 2003: the Fed had cut rates, housing was climbing, and American cities entered a 30-month run with nearly zero drawdowns. What could go wrong?
Read the file →2002 · Stocks · US
Late 2002 – Early 2003: Defensive Rotation and the Healthcare ETF Test
Healthcare stocks faced a critical test as markets digested the dot-com wreckage. How did XLV perform as a defensive play during post-crisis recovery?
Read the file →2002 · Property · US
2002–2004: The Smooth Ascent — US Housing's Quietest Boom and Its Invisible Traps
In early 2004, the Fed began raising rates after two years of uninterrupted monthly gains across 13 US and Chinese markets — zero drawdowns masked growing vulnerabilities.
Read the file →2001 · Property · US
October 2001: The Subprime Lending Boom Begins — US Housing Enters Its Acceleration Phase
In October 2001, the US housing market entered an unprecedented acceleration phase as subprime lending reshaped property valuations across major cities, creating the foundation for the 2000s bubble.
Read the file →2000 · Property · CN
2000: Two Markets, One Policy Era — China Housing Reform and Hungary's EU Decade
China's 1998 housing reform met its first market test in 2000; Hungary's EU-bound boom was just beginning. Two indices, two risk profiles, two lessons.
Read the file →2000 · Stocks · US
2000–2001: BEL 20 and the Post-Dot-Com Correction — When Europe's Blue Chips Met the Tech Wreck
How Belgium's BEL 20 index — starting at 3007.82 on September 27, 2000 — absorbed the dot-com collapse's shockwave across 150 trading days, shedding 7.0% with a 19.0% maximum drawdown.
Read the file →1998 · Stocks · US
1998: When Global Markets Caught Russia's Contagion
In the summer of 1998, Russia's sovereign default cascaded into a global liquidity crisis, hammering equity markets from Jakarta to Toronto and nearly toppling Long-Term Capital Management.
Read the file →1998 · Property · BG
1998: Three Markets, Three Transitions — Property Markets in China, Bulgaria, and Norway
Three nations launched parallel property experiments in 1998: China's housing commercialization, Bulgaria's post-communist stabilization, and Norway's oil-fueled ascent.
Read the file →1997 · Stocks · US
1997: MidCap Boom, Asian Contagion — Diverging Fate in One Calendar Year
US mid-caps surged 25% in calm waters while Jakarta and Seoul bled 40%. How the same year produced Bull and Crisis Replays across four markets.
Read the file →1996 · Stocks · AE
1996: How a Quiet Year in Global Equities Planted Seeds for 1997's Divergence
A year of mixed signals across ten markets—from Mexico's sideways IPC to Korea's Hanbo stress—shows how texture within trends matters more than headlines.
Read the file →1995 · Stocks · US
1995 Global Stock Markets: Corrections, Rallies, and the Discipline Divide
A cluster of corrections across eight markets in late 1995 gave way to sustained rallies, testing investors' resolve and separating disciplined traders from reactive ones.
Read the file →1993 · Stocks · US
August 1993: The Synchronous European Equity Rally That Never Traveled Alone
On August 9, 1993, the AEX closed at 155.35—European equity uptrends were converging across nine markets and five market regimes, setting the structural template for the decade ahead.
Read the file →1990 · Stocks · US
1990 Summer: The Gulf Shock and Small-Cap Correction
August 1990's Iraqi invasion of Kuwait triggered a global market correction; small-caps bore the brunt before recovering in 1991.
Read the file →1990 · Stocks · US
Gulf War Shadows: How the 1990 Middle East Crisis Shook Global Equity Markets
Gulf War escalation in 1990 sent shockwaves through global equities — NASDAQ shed 30.7%, small-caps crashed 26.2%. How did geopolitical risk cascade across US, UK, and Gulf markets?
Read the file →1987 · Stocks · US
October 1987: Black Monday and the Dual Index Collapse
Black Monday, Oct 19, 1987: the most studied single trading day. S&P 500 fell over 20% in hours; NASDAQ Composite drew down 36% from its summer peak.
Read the file →1979 · Property · CA
October 1979: The BIS Property Boom That Split Two Economies
How Norway's property boom and Canada's rate shock diverged under the same BIS framework — 1979–1987.
Read the file →1978 · Property · FI
1978: Nordic-British Property Boom — Oil, Stagflation, and the Divergent Decade
In 1978, property markets across Norway, Finland, and the UK faced divergent fates: oil-fueled momentum, post-war prosperity, and stagflationary headwinds.
Read the file →1978 · Property · CA
October 1978: Three Property Markets, Three Fates — The BIS National Replay Cluster
Three national property replays launched in October 1978, each embedding six decision points across 30 monthly bars from the stagflation era into the 1980s growth cycle.
Read the file →1976 · Property · FI
1976–1983: Finland vs UK Property — Divergent Booms in Post-Crisis Recovery
Two property markets emerged from the 1970s energy crisis on opposite trajectories — Finland surged 117.9%, the UK barely rose 19.0%.
Read the file →