Now the World Cup is Supposed to Adversely Affect the Market

[william the wie]

European and Latin American markets are expected to be the hardest hit. And yet the entire nation of France going on vacation in August does not hit the news as a market mover. Could somebody explain this to me in simple terms?

 

[Tommy Tainant]

It can be good or bad. Retail and hospitality are most affected.If your country gets knocked out early then the pubs are empty and nobody is buying expensive kits.
If your country does well then the pubs are full and all other economic activity is put on hold for a month.Employers give staff time off to watch the games so that productivity is affected. If the games are held in different time zones -Japan - then everybody turns up for work comatose.
French laziness is built in to the mix, this is a 4 year thing.

If your country does well then you turn up for work ready to pull up trees and productivity goes through the roof.So does the birth rate for some reason.