Studies show that losses or sports events have an investing impact—another way that our moods can mess with financial success
China is enforcing a strict set of rules at the Winter Olympics to stop the spread of Covid-19. From a"closed-loop” system to a ban on shouting, WSJ explains how some of these restrictions will work, and why an outbreak could still derail competitions. Photo: Fabrizio Bensch/ReutersYou might want to avoid the stock market until the Winter Olympics ends on Feb. 20.
This is not as off-the-wall a recommendation as you might think. At least in academic circles it has been well known for 15 years that international sports competitions often lead to below-average global stock-market returns.
It can’t affect you if you don’t watch it.
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