Super Bowl As Stock Market Predictor? As 49ers Go Up Against Chiefs, Investment Firm Weighs On Potential Implication For Market
Portfolio Pulse from Shanthi Rexaline
Bespoke Investment analyzed the correlation between Super Bowl outcomes and stock market performance, finding a 49ers win historically leads to higher market gains compared to a Chiefs victory. The firm highlighted that the market rose 100% of the times following the 49ers' wins with an average gain of 20.2%, while it increased 67% of the times after Chiefs' wins, with a more modest average gain of 10.9%. The SPDR S&P 500 ETF Trust (SPY) recently saw an uptick, reflecting the market's positive momentum.
February 11, 2024 | 9:50 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) reflects the market's positive momentum, recently up 0.58% at $501.20. A 49ers win could historically suggest further gains.
The SPY ETF's recent performance is indicative of the market's positive momentum. Given the historical correlation between a 49ers Super Bowl win and market gains, a victory could suggest a bullish outlook for SPY in the short term.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80