Here’s a wonderful – and potentially terrifying – piece of research. After turning back the clock to when the S&P 500 was born, The Bespoke Investment Group decided to check the index’s performance following a Triple Crown and the results were, well, not bullish to say the least.
Yup, that’s right, in the nine out of ten times that a Triple Crown winner emerged, the S&P 500 averaged a negative 14% return – negative 9% if you include 1935’s outlying 36% gain – so while diehard horse racing fans are pretty stoked at the moment, the more superstitious holders of the S&P might want to trim those stakes a little.
There’s still a 10% chance that you might outperform though.
Photo credit: Tsutomu Takasu via Flickr