The March Madness 'Sweet 16' Of ETFs: Who Wins?
Zacks Investment Research | Mar 27, 2019 10:10PM ET
The National Collegiate Athletic Association (NCAA) Division I Men's Basketball Tournament kicked off last week, spreading euphoria not only in the sports world but also other corners of the economy such as media, advertising, restaurants, hotels and airlines.
The stock market performance is also closely tied to the basketball frenzy, which will last for one more week.
The NCAA Tournament champion will be crowned on Apr 8 at the U.S. Bank Stadium in Minneapolis, MN. True to what it is popularly known as the “March Madness,” the tournament works its way up from 64 college teams to ‘Sweet Sixteen’ to be played on Mar 28, followed by ‘Elite Eight’, ‘Final Four’ and ultimately the championship. Since it has reached the Sweet Sixteen, let’s start the evaluation from this level (read: Original post
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