Put These Charts on Your Wall … 2023 Edition

By Charlie Bilello

27 Dec 2023


View the video of this post on YouTube here.

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This week’s post is sponsored by YCharts. Click here to view their Top 23 Charts from 2023. Mention Charlie Bilello to receive a free trial and 20% off your YCharts subscription when you initially sign up for the service.

Put these charts on your wall for reference the next time you think

  • It’s “overbought” or “at resistance” and can’t possibly go any higher…
  • It’s “oversold” or “at support” and can’t possibly go any lower…
  • Credit card rates can’t go any higher…
  • Mortgage rates can’t go any higher…
  • Stocks can’t go up during a rate-hiking cycle…
  • Stocks can’t go up when the Fed is shrinking its balance sheet…
  • Bear Markets are always a sign of recession…
  • You can time a Bear Market bottom…
  • Investment returns are linear…
  • Markets follow a normal distribution…
  • The 2nd, 3rd, and 4th largest bank failures in history must lead to another financial crisis…
  • The biggest companies can’t possibly get any bigger…
  • The underperformance can’t go on much longer…
  • What happened last year is a good indication of what will happen next year…
  • Cars are appreciating assets…
  • Picking stocks is easy – just “buy what you know”…
  • Past performance is indicative of future results…
  • Home Prices must go down when mortgage rates rise…
  • A high valuation is a sufficient reason to short a stock…
  • Investors are rational and follow the adage “buy low, sell high”…
  • This streak can’t go on any longer…
  • Profits don’t matter anymore…
  • The workers are never coming back…
  • The Unemployment Rate can’t go any lower…
  • Bonds are risk-free…
  • Buying a stock based on a meme is a good idea…
  • Supply/demand imbalances will last forever…
  • Making changes to your portfolio based on headlines is a good idea…
  • Rising National Debt must be bad for the stock market…
  • Big returns come without big drawdowns…
  • Central planning is a better system than free market capitalism…
  • Wall Street “experts” can predict what will happen next year…
  • Putting money under your mattress is an effective strategy to combat inflation…

They say a picture is worth a thousand words and in markets that is absolutely true. Having a few extreme charts on your wall can be a helpful reminder that there is no such thing as “can’t,” “won’t,” or “has to” in markets.

The market doesn’t have to do anything, least of all what you think it should do. The market does what it wants, when it wants to do it. It is the real-time personification of collective human psychology, with fear and greed on full display.

That’s what makes it so hard and at the same time so interesting. There are times when skepticism is warranted and other times when you need to suspend disbelief, with no manual to help you decipher which situation applies.

Find some charts that speak to you personally, and put them on your wall as a constant reminder that the range of possible outcomes is much wider than any of us think. For there is no impossible in markets.

Note: Join tens of thousands of investors in receiving my free weekly letter – click here.

Related Posts:

Put These Charts on Your Wall … 2022 Edition

Put These Charts on Your Wall … 2021 Edition

Put These Charts on Your Wall … 2020 Edition

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For our full disclosures, click here.

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