They say a picture is worth a thousand words. How much is this chart worth?
Let's Break It Down
There is a great amount of data in this seemingly simple chart, so let's start at the top. Exxon Mobil Corporation (XOM) began as a stock-split equivalent single dollar stock in the late 1980s, hitting a cyclical high of nearly $66 in Q2 2008.
What happened? Systemic economic weakness (Great Recession) and an oil crash. It hit another cyclical-high in Q2 of 2014.
What happened after that? Systemic weakness in the energy