Market Minute with Wealth E&P - 2/14/23

February 14, 2023
Is there any correlation between the Stock Market and Who Wins the Super Bowl?

 

February 14, 2023

Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the financial markets this week. My name is Darrin Cohen, and I am the CEO of Wealth E&P.

We’re coming to you after the Super Bowl, so we have to look at what hypothetically happens to the stock market for the rest of the year depending on who actually wins the big game. It has got to be meaningful data here: when the AFC wins (which has happened 22 times), the Dow Jones is up just a fraction over 3% the rest of the year, which is not so great. Whereas when the NFC wins (which has happened 25 times), the Dow Jones is up almost 11% for the remainder of the year, so clearly it’s not the best result.

  

 

Given that there was somewhat of a strange holding call on the Eagles toward the end of the game that seemed to have a big impact, we could perhaps assume that the NFC would have won had the holding call not happened. The reality is: there is no correlation between a stock market and football or whether an animal sees its shadow coming out of the ground or not. This is just a fun little statistical anomaly that goes together.

If you have any questions for us about the market, not so much about football or the Super Bowl, please feel free to reach out, visit www.wealthep.com, or give us a call at (678)-739-0175. Otherwise, stay tuned for our Market Minute next week!

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At Wealth Enhancement & Preservation, we are here to serve as your financial advisor and source of support in the Alpharetta, GA, Cartersville, GA, and Charleston, SC areas. Our advisors are dedicated to simplifying the complexities of the financial world and as your advocate, we strive to learn about your most valued goals and dreams. From individual investors to entrepreneurs, our services are designed for your success.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

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