US 10-City Composite Historical Replay: 2004-06 to 2006-11
Replay the U.S. 10-city composite bubble from June 2004 through November 2006, when the index climbed 24.6% across 30 monthly bars. Step through each decision point in a simulated environment and receive an AI coach review of your calls.
30 monthly bars · 6 decision points · 2004-06 to 2006-11 · Property
Key facts
Peak-to-trough drawdown of 1.8% with a 26.9% run-up.
- Max drawdown
- −1.8%
- Max run-up
- +26.9%
- Largest single-month move
- +1.8%
- Bars
- 30 Monthly bars
- Decision points
- 6
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
The U.S. 10-city composite index from June 2004 to November 2006 represents one of the most significant property market episodes of the 2000s. This 30-month window captured the final acceleration phase of the housing bubble, where loose lending standards and speculative fervor pushed prices to unsustainable levels. Six decision points punctuate this historical replay, with two identified as critical junctures where positioning decisions carried heightened consequence.
The index climbed from 178.84 to 222.88, delivering a 24.6% return across 30 monthly bars. What strikes participants is the deceptive calm of this advance—a maximum drawdown of just 1.8% and the largest single-bar move at 1.8% created an illusion of effortless gains. Such compressed volatility lulls participants into complacency precisely when careful analysis matters most.
This replay challenges decision-makers to question what happens when the environment feels safe but fundamentals deteriorate. Participants must practice recognizing that low volatility periods often precede the sharpest reversals, not the absence of risk. The core training insight: process discipline matters more than outcome confidence, especially when prices move in reassuring straight lines. Learning to stick to decision rules during calm markets prepares traders for the psychological strain of actual volatility.