The NCAA basketball tournament is nearly here, and while we don't know who is going to win the title, we can predict one thing. The stock market is probably going to do better than your bracket. Based on data from the past 10 years, almost every major stock has seen a positive return during the annual tournament.
According to some estimates, there could be upwards of $9 billion bet on this year's tournament, through 70 million brackets created. The vast majority of people are going to lose out in their brackets, and they most likely would have returned a profit instead if they had traded stocks.
The breakdown comes from market data firm Kensho. Simply put, every single stock in the Dow Jones average has had a positive return in the past 10 years during the time frame of March 17 through April 6, the dates of this year's tournament. Without exception, equities have gone up on average.