Does the stock market play favorites in the Big Game? According to a late sportswriter for the New York Times, it just might.
The Super Bowl indicator, introduced by the NYT’s Leonard Koppett in 1978, says that a win for the American Football Conference (AFC) team predicts a bear market for the next year, while a win for the National Football Conference (NFC) team predicts a bull run.
The indicator has hit 73% of the time as of 2022, in 41 out of 56 years. When Koppett first introduced the gridiron-based measure, it had never yet been wrong.
This year, the Kansas City Chiefs (AFC) are taking on the Philadelphia Eagles (NFC). But if Koppett is correct, there’s more at stake than just the Lombardi trophy.
The Eagles are 1.5-point favorites to win the Super Bowl, according to oddsmakers, a narrow advantage.
Super Bowl LVII will be played at the State Farm Stadium, Glendale, Arizona and kick-off at 6:30 ET.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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