MEDIA ADVISORY
NEW YORK YANKEES WIN IN GAME SIXMORE BULLISH FOR 2010 STOCK MARKET?
A quick analysis by S&P’s Capital IQ finds double-digit stock market returns when NY Yankees are champions and Phillies go homelosers.
WHAT:
In a quick, fun analysis of 73 years of World Series history and stock marketreturns (based on annualized average returns for the S&P 500), financial researchservices provider
S&P’s Capital IQ
found that a six-game World Series has beenloosely correlated with an average stock market return of 15%
.
Based on teamrecords, Wall Street returned 10% on average the year following a Yankees win and11% after a Phillies loss. From a league perspective, however, a Phillies win may bebetter: based on the 30 series won by a National League team the average stockmarket return was 15% versus an average of 9% for the 43 series won by theAmerican League. So both sides have interesting trivia to brag about.
*Disclaimer: This data is not intended to represent a fundamental analysis of market trends or historical data and in no way isintended to be the basis for any investment decisions whatsoever.This also does not represent an endorsement of any specific MLBteam by Capital IQ
.
Here’s more detail on what we found: YANKEES WIN+PHILLIES LOSS A BETTER BULLISH INDICATOR?
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In the 22 series since 1936 in which the NY Yankees were victorious, Wall Street returned a solidaverage return of 10%. However, the average return following a Yankees loss is 13%.
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For the two series that the Phillies won (1980, 2008), the average stock market return was 6%. Inthe three years since 1936 when the Phillies lost, the stock market returned an average of 11%
WHAT HAPPENS IF WE GO ALL THE WAY OR END IT TOMORROW NIGHT?
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Historically, a 5-game series has returned an average return of 17%
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If the series ends in six games, the average correlated S&P 500 return is 15%
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If it goes all the way to Game 7, the average return is 8%
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Historically, sweeps return the lowest average of 7% in the following year.
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