Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 4th of February.
Did the right team win the Super Bowl? Well, if you are bullish on the general market, the answer has to be no. If you are unsure on equities the answer is yes, the right team did win the Super Bowl. According to legend, when an AFC team wins the big one, the odds favor the stock market ending the year with a mediocre gain of around 3%. The last time the Baltimore Ravens won the Super Bowl the market closed down 11% that year. When a NFC team wins the Super Bowl, the stock market closes out the year with a average gain of over 10%. Maybe, just maybe, that is why the market is lower today? Continue reading "Today's Video Newsletter: Did the right team win the Super Bowl?"