As this year's Fall Classic swings into high gear, could the winning team predict the market performance next year?
Investors have long used nontraditional metrics in an attempt to forecast the direction of the market, ranging from lipstick sales to the cover of Sports Illustrated Swimsuit Edition.
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.