US National (Case-Shiller, 2000+) Historical Replay: 1990-03 to 1992-08
Replay 30 monthly bars across 1990-03 to 1992-08 of the Case-Shiller era, navigating a 3.1% max drawdown. Make decisions at 6 points, including 2 critical ones, and receive AI coach feedback in a simulated environment.
30 monthly bars · 6 decision points · 1990-03 to 1992-08 · Property
Key facts
Peak-to-trough drawdown of 3.1% with a 2.1% run-up.
- Max drawdown
- −3.1%
- Max run-up
- +2.1%
- Largest single-month move
- −0.7%
- 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 US national property market of the early 1990s presented investors with a challenging landscape defined by economic recession and declining asset values. This replay spans 30 monthly bars from March 1990 to August 1992, capturing a period when the Case-Shiller index tested investor resolve through persistent downward pressure. Participants face the task of navigating this subdued market environment while managing exposure and capital preservation during a historically difficult stretch for real estate assets.
During the replay period, the index drifted marginally lower from 76.79 to 76.73, representing a modest -0.1% decline over the full span. The journey, however, proved more volatile than the headline figure suggests, with a maximum drawdown of 3.1% testing portfolio values at various points. The largest single monthly move of 0.7% underscores the measured but persistent nature of this downturn, where gradual erosion rather than sudden crashes characterized the market's behavior.
This scenario serves as a valuable exercise in decision-making under conditions of extended market stress without dramatic price collapses. Participants must grapple with six decision points, including two critical junctures, learning to distinguish between temporary fluctuations and meaningful trend changes. The experience highlights how risk management during quiet bear markets—where drawdowns remain contained but direction remains elusive—demands patience, disciplined position sizing, and emotional resilience. The subtle nature of the decline teaches that not all market challenges arrive with obvious warning signs.
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