Want the S&P 500 to gain 10% this year? A Super Bowl win by the Philadelphia Eagles may be your best bet
A win by the Philadelphia Eagles over the Kansas City Chiefs in this Sunday's Super Bowl LVII may result in a beefier return from theUsing the NFL's marquee matchup to predict the upcoming performance of equities has its roots in the Super Bowl Indicator, originated in 1978 by
Taking a page from the Super Bowl Indicator, Ryan Detrick, chief market strategist at CarsonGroup, sought to answer the question"The S&P 500 has gained 10% on average during the full year when a National Football Conference team has won, he said. That trumps a 6.9% return when a team from the American Football Conference wins.
Regardless of a victory by the Eagles or the Chiefs, many stock investors are hungry for a win in equities this year after the asset class plunged in 2022. Swift and large interest rate hikes by the inflation-fighting Federal Reserve and recession worries were major factors that yanked the S&P 500 into a bear market last year. The index managed to finish above its worst levels but still ended with a loss of 19%.
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