Steelers vs. Packers Super Bowl Match-Up Is Good News for Stock Market
This year, the match-up between the Pittsburgh Steelers and Green Bay Packers forecasts a strong bull market in 2011 no matter which team wins. However, a high scoring victory by the Pittsburgh Steelers may produce the highest returns of all. According to financial data and analytics firm Capital IQ, the average annual return for the S&P 500 index after a Steelers victory has been 26%. The Steelers have won the Super Bowl a record six times, and even when they lost Super Bowl XXX in 1996, the market returned 23%.
Capital IQ says the Packers are equally lucky for the markets. The average return after a Packers victory has been 23%, and even during the two years the Packers played in the Super Bowl and lost, the average market return was 29%. Those calculations suggest that whichever team wins the markets for 2011 are likely to be in the 23% range.
"Maybe the higher scores put traders in a good mood," joked quantitative analyst Rocky White, who worked on Schaffer's research with Elizabeth Harrow.
Although a high-scoring offensive battle won by the Pittsburgh Steelers seems like the scenario that would produce the best market outcome, no matter which team you root for on Super Bowl Sunday, all investors will be rooting for higher market returns.