If the Cardinals Win, So May the Markets
As this year's Fall Classic swings into high gear, could the winning team predict the market performance next year?
Here is one more indicator to add to the list: The World Series. This year’s matchup pits the St. Louis Cardinals against the Texas Rangers.
Since 1926, the Cardinals have won 10 World Series titles. In 9 of those occasions, the Dow posted a gain the following year, with an average return of 13 percent.
In fact, it is the Dow’s best return for any Major League Baseball team with four or more titles.
Baseball & The Markets
|Cardinals World Series Title||Following Year||Dow Value||% Move|
As for the Rangers, they have yet to win a World Series in their franchise’s history. So, get ready to break out your rally caps if St. Louis wins the World Series – history may repeat itself.
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