As one of CNBC’s resident Eagles fans, I was appalled to open my inbox earlier this week to find an email chain with the subject line, “Why the Bulls Hate the Birds.”
Circulating among my colleagues was data from Carson Group chief market strategist Ryan Detrick, who pointed out that Philadelphia Super Bowl and World Series wins had historically coincided with stock market calamity.
The 1929 stock market crash? Same year the Philadelphia Athletics won the World Series. And 2018, the year the Eagles won their first Super Bowl, was the worst year for stocks since 2008.
“Who should you root for? Personally, I can’t stand either team, but I guess I’ll just say when Philly wins a Super Bowl or World Series really bad things tend to happen,” Detrick wrote in the post, followed by this ghastly chart.
