Some people are likening the Philadelphia Phillies to the horsemen of the economic apocalypse. That’s because there’s been an odd relationship over the past century between World Series titles for Philadelphia baseball teams and financial-market meltdowns.
That’s because there’s been a curious — if rather weak — relationship over the past century between World Series titles for Philadelphia baseball teams and financial-market meltdowns. And the Phillies just made it to the 2022 World Series.So the Phillies’ win against the San Diego Padres on Sunday night, punching the Philadelphia team’s ticket to the Series beginning this Friday, had some folks pondering the prospect of a historical repeat.
Hogan noted that there are so many different players impacting stock-market performance — including economic data, politics and impacts from the lingering COVID pandemic, to name just a few — that a single baseball team’s performance is never going to be a game changer. “The market has many more participants, and it’s impossible to erase all of that just because of a best-out-of-seven-game series coming up this week,” he said.
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