the staff of the Ridgewood blog
Ridgewood NJ, sports fans and stock market watchers alike are buzzing over an eerie trend: Philadelphia championship victories seem to coincide with financial turmoil. Could it be mere coincidence, or is there something to the so-called “Philly Sports Curse” on Wall Street?
The Strange Correlation Between Philly Wins and Market Crashes
Ryan Detrick, chief market strategist at Carson Group, recently pointed out a historical pattern that may make investors nervous:
- 1929 Stock Market Crash – The same year the Philadelphia Athletics won the World Series.
- 2018 Market Slump – The Eagles won their first Super Bowl, and stocks suffered their worst year since 2008.
While Detrick admitted he’s not a fan of either team, he jokingly suggested that history hints at trouble whenever Philly takes home a championship.
Should Investors Fear a Philly Victory?
Before you start adjusting your portfolio based on football and baseball results, remember that this theory is just one of many quirky stock market “indicators” floated over the years. While fun to analyze, there’s no actual economic link between Philadelphia’s sports success and market downturns.
So, if you’re picking a side in the Super Bowl, do it for the love of the game—not because you’re worried about your investments.
Final Thoughts
As any Philadelphia sports fan will tell you (proudly and loudly), they don’t care what anyone else thinks. After all, there’s even a Jason Kelce shirt that says: “No one likes us. We don’t care.”
Love Philly or hate them, don’t let superstition dictate your financial decisions. Because if the Eagles or Phillies win another championship, the only thing certain is that their fans will be celebrating—whether the stock market does or not.
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