Marginally Attached in 2015
Marginally Attached opened 2015 at 4,219 and closed at 3,795, a -10.05% move for the year. The high of 4,403 was reached on May 1, and the low of 3,795 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4,219 | 4,219 | 4,219 | 4,219 | +0.00% |
| Feb | 4,174 | 4,174 | 4,174 | 4,174 | +0.00% |
| Mar | 4,150 | 4,150 | 4,150 | 4,150 | +0.00% |
| Apr | 4,159 | 4,159 | 4,159 | 4,159 | +0.00% |
| May | 4,403 | 4,403 | 4,403 | 4,403 | +0.00% |
| Jun | 4,070 | 4,070 | 4,070 | 4,070 | +0.00% |
| Jul | 4,071 | 4,071 | 4,071 | 4,071 | +0.00% |
| Aug | 3,973 | 3,973 | 3,973 | 3,973 | +0.00% |
| Sep | 3,877 | 3,877 | 3,877 | 3,877 | +0.00% |
| Oct | 3,995 | 3,995 | 3,995 | 3,995 | +0.00% |
| Nov | 3,903 | 3,903 | 3,903 | 3,903 | +0.00% |
| Dec | 3,795 | 3,795 | 3,795 | 3,795 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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