<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 820 369" width="820" height="369" role="img" aria-labelledby="t d" font-family="'Manrope', ui-sans-serif, system-ui, -apple-system, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif">
  <title id="t">What is recency bias in investing?</title>
  <desc id="d">Diagram of recency bias: an investor extrapolating a recent trend into the future and expecting it to continue.</desc>
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  <text x="44" y="60" font-size="25" font-weight="800" fill="#0F172A">What Is Recency Bias In Investing?</text>
  <text x="44" y="92" font-size="14.5" fill="#5A6578">Recency bias is over-weighting what just happened. It makes investors expect recent trends to</text>
  <text x="44" y="113" font-size="14.5" fill="#5A6578">continue, chasing tops and fearing bottoms.</text>
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  <text x="68" y="191" font-size="18" font-weight="800" fill="#F97316">The bias</text>
  <text x="68" y="223" font-size="13.5" fill="#334155">You assume the recent trend will simply</text>
  <text x="68" y="243" font-size="13.5" fill="#334155">keep going, up or down.</text>
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  <rect x="430" y="147" width="346" height="6" rx="3" fill="#15803D"/>
  <text x="454" y="191" font-size="18" font-weight="800" fill="#15803D">The reality</text>
  <text x="454" y="223" font-size="13.5" fill="#334155">Trends reverse and extremes mean-revert.</text>
  <text x="454" y="243" font-size="13.5" fill="#334155">Recent is not forever.</text>
  <text x="410" y="307" font-size="13.5" fill="#334155" text-anchor="middle">Extremes on a Fear and Greed Index are exactly where recency misleads most.</text>
  <line x1="44" y1="333" x2="776" y2="333" stroke="#0F172A" stroke-opacity="0.08"/>
  <text x="44" y="355" font-size="12.5" fill="#5A6578">Source: <tspan font-weight="700" fill="#0F172A">CFGI</tspan></text>
  <text x="776" y="355" font-size="12.5" fill="#0284C7" text-anchor="end" font-weight="700">Markets</text>
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