No Groundhog Bump this year
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 2 February 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Show Notes
Palantir Earnings Preview
Earnings Calendar
Dividend Roundup
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's |
| 0:09.9 | market-moving events, along with the weekend's top news and analysis. |
| 0:14.7 | Hello, today is Sunday February 2nd, and I'm your host, Kim Kong. |
| 0:18.2 | That's right, what Chuck, chuckers. |
| 0:21.3 | It's Groundhog Day. |
| 0:23.3 | Get up and check my hog out there. |
| 0:25.4 | Yeah. |
| 0:25.8 | Sweet, sweet. |
| 0:26.4 | Come here, ground. |
| 0:26.9 | Go around. |
| 0:26.9 | Go ahead. |
| 0:27.0 | That's right, it is Groundhog Day. |
| 0:30.5 | And first of all, a spoiler alert. |
| 0:32.9 | Pung Satani Phil saw his shadow, predicting six more weeks of winter. What does that have to do with the |
| 0:37.9 | stock market? More than you might think. A Groundhog Day bump is an actual thing, and stocks are |
| 0:43.6 | not getting it in 2025. Sava Shanaev of Northumbria University found that stock market |
| 0:49.5 | returns are 2.78% higher when Phil forecasts in early spring. The study compared a century of Wall Street |
| 0:55.7 | returns against the annual predictions of the incarnations of Phil, noting that investors get |
| 1:00.5 | irrationally optimistic over Phil's early spring predictions. Some investors are genuinely |
| 1:05.4 | superstitious, if only on a subconscious level, Shenev told the Harvard Business Review. |
| 1:09.9 | Others may not be, but are swayed by the shift in public sentiment that often accompanies cultural events like this one. |
| 1:15.9 | Still others may be crafting investment strategies according to how they think superstitious |
... |
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