If stocks were a Super Bowl... S&P 500 would be at 16,000+ now - Bank of America By
2024-02-10 00:20:04
more 
872

Bank of America strategists highlighted the exponential growth in the cost of advertising during the Super Bowl, illustrating the unparalleled inflation rate associated with one of America's most watched sports events.

Ticket resale platform StubHub forecasts that this Super Bowl could set a record as the priciest ever, with the average ticket sale price reaching approximately $8,600, marginally surpassing the cost of tickets for the Super Bowl held in Los Angeles two years prior.

From the inaugural Super Bowl I in 1967, where a 30-second advertisement cost $37,500, the price has skyrocketed to a staggering $7,000,000 for Super Bowl LVII, marking an 185-fold increase, analysts’ analysis shows.

This surge in Super Bowl ad pricing outpaces the inflation of virtually any other product or service, underscoring the NFL's dominant presence in television viewership.

To put this into perspective, if other everyday items experienced the same rate of inflation as Super Bowl ads, the economic landscape would look drastically different.

Chicken wings, which cost 23 cents per pound in 1967, would now be priced at $43 per pound. A six-pack of beer, similarly affected, would cost an astonishing $340. The price of a gallon of gasoline, meanwhile, would surge to $61. The average US house price would skyrocket to $4.2 million.

Finally, the would be at 16,374, analysts’ projection showed.

Statement:
The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。