People underestimate Taylor Swift's economic impact: Strategist

02/13/2024 03:58
People underestimate Taylor Swift's economic impact: Strategist

Super Bowl LXVIII certainly left its mark on sports fan,s but one of centerpieces of the excitement was Taylor Swift's presence, which was covered by media outlets of all kinds. While some data has correlated her presence with a rise in views for NFL games, NewEdge Wealth Senior Portfolio Manager and Head of Fixed Income & Macro Ben Emons argues Taylor Swift's influence extends to stocks Emons comments on a note of his, which said "Swift in Vegas, stays in Vegas": "Its amazing people have looked at IMAX (IMAX) and AMC (AMC), or AT&T (T), Spotify (SPOT), are companies that are directly linked to the business dealings of Taylor Swift. It has to do with her concert rights...That basket is on fire, and it literally has taken off like a rocket. If you plot the GDP Now against it, you see the same trend. If feel a bit of the view that Taylor Swift, you know, great music, but she has an economic impact." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Super Bowl LXVIII certainly left its mark on sports fan,s but one of centerpieces of the excitement was Taylor Swift's presence, which was covered by media outlets of all kinds. While some data has correlated her presence with a rise in views for NFL games, NewEdge Wealth Senior Portfolio Manager and Head of Fixed Income & Macro Ben Emons argues Taylor Swift's influence extends to stocks

Emons comments on a note of his, which said "Swift in Vegas, stays in Vegas": "Its amazing people have looked at IMAX (IMAX) and AMC (AMC), or AT&T (T), Spotify (SPOT), are companies that are directly linked to the business dealings of Taylor Swift. It has to do with her concert rights...That basket is on fire, and it literally has taken off like a rocket. If you plot the GDP Now against it, you see the same trend. If feel a bit of the view that Taylor Swift, you know, great music, but she has an economic impact."

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

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