Morning Market Report 2/6/2017

February 6, 2017
The KUIK Morning Market Report for Monday, February 6:
 
Markets are mixed.
 
Index Direction Change Units   Time    
Dow Up                         2  points            20,074 7:06 AM    
S&P500 Down -0.2% percent            2,294      
Nasdaq Composite Down -0.1% percent            5,659      
30 Year Treasury Down                        (3) Basis Points              3.08 Annual Yield    
 
The New England Patriots beat the Atlanta Falcon in Superbowl 51. 34-28, in overtime. That could be bad news for the stock market according to the Super Bowl indicator. If a team from the original American Football League, or its AFC descendant, wins the Super Bowl the market falls. If a team from the original National Football League — the leagues merged in 1970 under the NFL, now divided into two conferences wins, the market rises. Wins by expansion teams created after the merger are counted in their conference. This year, the Patriots represented the AFC, and the Falcons the NFC. the indicator has been right 40 out of 50 years for an 80% success rate. Since 2000, the indicator has been right 12 out of 17 years for a 70% success rate. After being correct seven years in a row, 2016 defied the prognostication — the AFC’s Denver Broncos won the Super Bowl, but the stock market posted a yearly gain.Or you can eat your leftover chicken wings and just not worry about it. 
 
 
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/patriots-super-bowl-win-bodes-ill-for-the-stock-market-2017-02-05
 
 
 
 
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