U.S. stocks snapped a five-day losing streak Friday and logged their largest daily gains so far this month, as battered bank and energy shares led a rebound at the end of a turbulent week. The Dow jumped 314 to close at 15,974, the S&P added 36 to 1,865 and the Nasdaq gained 71 to 4,337.
Now we know whether stocks will rise or fall in 2016. At least, if you follow the phenomenon known as the Super Bowl Predictor. For 7 years in a row, the outcome of the game has foretold the stock market’s direction. This has worked 40 of the previous 49 Super Bowls, 82% accuracy. If Carolina won, it means the market will go up for 2016. If Denver won, it will go down. The methodology, a win in an original National Football League team, or an expansion team from the National conference, like Carolina, is bullish. A win by a descendant of the old American Football League, like Denver, sends stocks down. There is zero science to it. It just works.
Since companies began announcing results 4 weeks ago, corporate earnings have moved in the wrong direction. With 75% of the companies in the S&P 500 having reported results, earnings for the index is expected to contract 6% for the fourth quarter
Listen in for much more in A Wall Street Wrap-up.







