World Cup Syndrome – Review 1

World Cup just kicked off yesterday with South Africa facing Mexico. It was an exhilarating match and I personally felt South Africa deserved to win.

In my previous post about the World Cup Syndrome, I stated that “In five out of the seven tournaments since 1982, the STI started to consolidate one to two months before the event. The STI typically reached a high in the April to May period…” So, how did the STI fare from April’s high till Friday’s closing, the first day of World Cup?

STI peaked on 14th April and closed at 3019 points. Friday’s closing was at 2796 points. This was a drop of 223 points or 7.4% from the peak. The lowest STI went for the month was 2650 points on 25th May. It was a drop of 369 points or 12.2% from the peak! So the pattern stated above was held true. I will do a 2nd review when the tournament ends on 11th July. Look out for that..

In the meantime, I’m off to watch the Argentinians take on the Nigerians. Looking forward to some Messi magic…

Author: Sudhan P

I simplify investing concepts to help you navigate the stock market jungle.

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