Through 2023, the indicator has been correct 41 out of 57 times, as measured by the S&P 500 Index. This is a success rate of around 72%.3 More recently, however, the indicator has not been as successful. In 2008, despite the New York Giants (NFC) winning the Super Bowl, which supposedly indicated a bull market, the stock market suffered one of the largest downturns since the Great Depression.5 However, down markets failed to materialize in both 2016 and 2017, when the Denver Broncos and New England Patriots, both original AFC teams, won Super Bowls.6 The indicator fell short yet again in 2022 when a victory by the LA Rams of the NFC should have led to market gains, but the S&P 500 ended the year nearly 20% lower. Indeed, from 2004 through 2023, the indicator has only been correct six times out of twenty.
S&P 500 Performance Over the Past 20 Super Bowls | |||||
---|---|---|---|---|---|
Year | Winner | League | Conference | S&P 500 Price Return | Prediction |
2024 | TBD | TBD | TBD | TBD | TBD |
2023 | Kansas City Chiefs | AFL | AFC | 24.23% | Wrong |
2022 | Los Angeles Rams | NFL | NFC | -19.44% | Wrong |
2021 | Tampa Bay Buccaneers | NFL | NFC | 14.51% | Right |
2020 | Kansas City Chiefs | AFL | AFC | 15.76% | Wrong |
2019 | New England Patriots | AFL | AFC | 30.43% | Wrong |
2018 | Philadelphia Eagles | NFL | NFC | −6.24% | Wrong |
2017 | New England Patriots | AFL | AFC | 21.83% | Wrong |
2016 | Denver Broncos | AFL | AFC | 11.96% | Wrong |
2015 | New England Patriots | AFL | AFC | −0.73% | Right |
2014 | Seattle Seahawks | Expansion team | NFC | 13.69% | Right |
2013 | Baltimore Ravens | Expansion team | AFC | 32.39% | Wrong |
2012 | New York Giants | NFL | NFC | 16.00% | Right |
2011 | Green Bay Packers | NFL | NFC | −1.12% | Wrong |
2010 | New Orleans Saints | NFL | NFC | 15.06% | Right |
2009 | Pittsburgh Steelers | NFL | AFC | 26.46% | Right |
2008 | New York Giants | NFL | NFC | −37.00% | Wrong |
2007 | Indianapolis Colts | NFL | AFC | 3.53% | Wrong |
2006 | Pittsburgh Steelers | NFL | AFC | 13.62% | Wrong |
2005 | New England Patriots | AFL | AFC | 3.00% | Wrong |
2004 | New England Patriots | AFL | AFC | 8.99% | Wrong |