Super Bowl indicator
The Super Bowl Indicator is a superstition that says that the stock market's performance in a given year can be predicted based on the outcome of the Super Bowl of that year. It was "discovered" by Leonard Koppett in the '70s when he realized that it had never been wrong, until that point. This pseudo-macroeconomic concept states that if a team from the American Football Conference (AFC) wins, then it will be a bear market (or down market), but if a team from the National Football Conference (NFC) or a team that was in the NFL before the NFL/AFL merger wins, it will be a bull market (up market).
As of January 2017, the indicator has been correct 40 out of 50 times, as measured by the S&P 500 Index – a success rate of 80%. However, since a particular football league winning a Super Bowl and the US Stock market have no real connection this is just a coincidence. Therefore, there is no reason to expect it will work as a predictor of future bull markets.
|This finance-related article is a stub. You can help Wikipedia by expanding it.|