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  • Writer's pictureJenlivit

The Green Jacket Effect: How the Masters Tournament Impacts the Stock Market

As one of the four major championships in golf, the Masters is considered one of the most prestigious events in men's golf, attracting the best players in the world.

It has also produced some of the most memorable moments in golf history, such as Jack Nicklaus' historic victory in 1986, Tiger Woods' record-breaking win in 1997, and Phil Mickelson's emotional win in 2004.

But does the Masters have an effect on the market? Let's take a look.

First let's review the performance of the S&P 500 on the Monday following the Masters tournament over the last 50 years:

The average change of the S&P 500 is 0.04%. That seems relatively neutral.

Now, let's look to see if the home country of the winner makes a difference in the stock market:

And let's take a look at the winner distribution on the world map:

Finally, let's look at the individual winners who had the greatest average change in the S&P 500 on the Monday after their victory(ies):

What can we take away from this? Is a win from Canada extremely bullish? Should Patrick Reed be banned from playing in the tournament? Enjoy your weekend watching and let's see on Monday!



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