Chart of the Day - Thursday, June 2nd, 2022

Today’s Chart of the Day was shared by Arun Chopra (@FusionptCaptial). It's 2008 all over again! or is it 1929? or 1987? We're talking about analog charts - those spooky charts, like this one, that compare crash years to the current market. Analog charts are thought-provoking, but for all practical purposes, they're useless. Risk management is always job #1, and Arun reminds us that opportunity cost is a big part of that job. In a comment to The Chart Report, Arun said "although crash fractals get a lot of attention, it's important to remember there's a long term opportunity cost to thinking every decline is just like the last crisis. This phenomena has been a part of markets for all generations, and although bear markets do real damage, the risk management process should start at an individual level, not TA overlays and regurgitated stories of previous wars."