Investors should hope the Philadelphia Eagles crush the Kansas City Chiefs in the Super Bowl LVII if they want to see stocks go up — at least, according to one market indicator.
In a new note on the “Super Bowl Indicator,” Carson Group Chief Markets Strategist Ryan Detrick highlighted two key takeaways: Over time, the S&P 500 has returned outsized gains when an NFC team wins, and returns are even higher when the game is a blowout, regardless of which conference the winner is from.
“Of course, this is totally random, but it turns out that when looking at the previous 56 Super Bowls, stocks do better when an NFC team wins the big game,” Detrick wrote.