Can't Decide Between Rooting For Chiefs Or Eagles In Super Bowl LVII? Your Stock Portfolio Says 'Pick This Team'

One of the largest pop-culture events in America takes place this Sunday, Feb. 12.

Super Bowl LVII is expected to draw more than 100 million viewers and more than half of those viewers are said to be betting roughly $16 billion on the game as the NFC East Conference winner Philadelphia Eagles takes on the AFC West Conference winner Kansas City Chiefs.

Betting Context: The NFC Eagles are favored by 1.5 points at Caesars Sportsbook. ESPN surveyed 71 experts, and 41 said Philadelphia would cover the spread, while 27 predicted Kansas City would do so. 

And, it wasn't just Caesars Sportsbook that favored the NFC — the SDPR S&P 500 500 ETF Trust SPY did, too.

The Super Bowl Indicator: Carson Group’s Chief Market Strategist Ryan Detrick scoured data going back to 1967 and found the SPY had a historical tendency to perform better when an NFC team won the Super Bowl.

It is that time of year!

Stocks tend to do much better when an NFC team wins the Super Bowl. Up 10.0% for the yr on avg and higher 76% of the time vs. and AFC win of 6.9% and 67%.#SuperBowl57 pic.twitter.com/nwRqLifbxK

— Ryan Detrick, CMT (@RyanDetrick) February 6, 2023

Detrick's research showed the SPY gained an average of 10% when an NFC team wins, compared to just 6.9% when an AFC team won.

Further, the SPY had a 75.9% chance of closing the year higher with an NFC win, compared to a 66.7% chance with an AFC win.

While betting odds and expert opinions favor the NFC Philadelphia Eagles, the stock market suggests that it might be wise to root for the NFC team in Super Bowl LVII.

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Photo: Steve Cukrov via Shutterstock