With the Los Angeles Lakers and Los Angeles Clippers pushing to end the remainder of the 2019-20 NBA season, the league’s playoffs appeared to be in jeopardy. Games for August 26-27 were canceled after teams opted not to participate. But in an August 27 meeting, NBA players agreed to resume the season, putting an end to fears of a sudden cancellation.
The players’ decision comes with the S&P 500 trending in record-high territory, reflecting a positive-mood trend that provides an ideal environment for basketball. In a 1996 special report, EWI’s Peter Kendall said basketball’s dependence on speed, height and jumping ability makes it the “ultimate bull market game.”
To learn more about the game’s association with positive social mood, read “Basketball and the Bull Market“.
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.