David Twibell of Custom Portfolio Group was quoted in an article on CNBC.com.
Jeff Cox writes:
“If you like a rising stock market, you might want to put on your Denver Broncos jersey on Sunday.
Among all multiple Super Bowl winners, the Mile High team—facing the Seattle Seahawks in the 48th presentation of the National Football League championship gala—has the best market record when winning.
In the previous two Bronco victories, the S&P 500 has averaged a gain of 21.6 percent, according to valuable research from Bespoke Investment Group.
So bet all your money on the Broncos and the over—the “over” being the chances of the market going over its usual performance.
Sounds reasonable, right?
Well, maybe not.
Every year, a plethora of so-called indicators track what happens to the market in the event of a victory from a particular team, conference, jersey color, home team, away team, and on and on.
Those who would use the winning team in the Super Bowl to decide their investment strategy deserve what they get, of course. But it’s still fun to look at the trends.
Paul Hickey at Bespoke Investment Group, which is a market leader in compiling trends that are actually useful for investors to follow, is at the front of the pack when coming up with some fun and fascinating trends connecting the Super Bowl and the stock market.”
Read the rest of the story here: http://www.cnbc.com/id/101380658