Is the stock market in trouble? Historical market turndowns following papal visits
As Pope Francis visits the United States, historical data of visits from his predecessors to the United States were linked to several market downturns in the US.
Papal visits versus the stock market were reviewed.
MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Pope Francis made his historical visit to the United States on Tuesday. His holiness will have a 6-day journey through Washington D.C., New York and Philadelphia to deliver several Masses for huge crowds, where he will press the government to do more to care for the planet and accommodate migrants and refugees in their country.
Pope Francis visits the United States of America
Business Insider decided to look beyond the historical visit and instead chose to take a peek at the stock market. After comparing the stock market rises and falls after the visit of other popes to the United States, they discovered an interesting pattern.
Following three of four visits from the highest representative of the Catholic Church, there were major market downturns. Pope John Paul II's visit in September 1987 came just a month ahead of the historical Black Monday crash. His visit in January 1999 came only days before the start of the tech bubble.
Pope Benedict XVI's visit in April 2008 coincided with the early stages of the financial crisis.
This year's Papal visit will also be scrutinized not only by Catholics seeking "stricter" and "definite" Christian teachings for marriage and family, but also by the financial market.
So far, the first sign of economic change is the delay of the much anticipated iPhone 6s, which was delayed due to the papal visit.
Copyright 2018 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for July 2018
Priests and their Pastoral Ministry. That priests, who experience fatigue and loneliness in their pastoral work, may find help and comfort in their intimacy with the Lord and in their friendship with their brother priests.
For the past 60 years, the Federal Reserve's yield curve has predicted recessions. Now, as the yield curve shows signs of inverting again, ... continue reading
Markets have suffered their worst April start since the Great Depression, led by Amazon which lost 5.21 percent of its value in one day ... continue reading
Global markets have dropped for the past few days, and just this morning have rebounded. It remains to be seen if the recovery is ... continue reading
The world is richer and more productive than ever before in history. Yet, income inequality is growing the poverty is on the rise. Middle ... continue reading
Income inequality - Here's why world poverty and hunger remain a problem, frustrating Pope Francis' efforts to solve the crisis Watch
When Pope Francis accepted the chair of St. Peter, he pledged to end world hunger by 2020. By all appearances, it was an easy win. The math ... continue reading
by Catholic Online
- VIRAL: La inundacion de una iglesia no impidio a esta pareja contraer ...
- Church in Australia should not be tax exempt, former government ...
- Stunning Pope Francis Rosary HD Video
- Prayer Requests Live for Tuesday, August 14th, 2018 HD Video
- Daily Readings for Wednesday, August 15, 2018
- St. Alipius: Saint of the Day for Wednesday, August 15, 2018
- Gregorian chant workshop teaches teachers how to teach Gregorian chant
- Saint Elizabeth
- St. Augustine
- Saint Anne
- st agnes
- saint monica
- saint catherine
- Saint Lucy
- saint clare
- saint rose
- st rose of lima
- immaculate conception
- st augustine
- st monica
- saint of the day
- St. Elizabeth
- john bosco
- st catherine
- st. cecilia
- st. paul
- feast days
- Daily Reading for Thursday, August 16th, 2018 HD
- Prayer Requests Live for Monday, August 13th, 2018 HD
- Daily Reading for Wednesday, August 15th, 2018 HD
- Daily Reading for Tuesday, August 14th, 2018 HD
Learn about Catholic world
Inform - Inspire - Ignite
Catholic Online Saints
Your saints explained
Catholic Online Prayers
Prayers for every need
Catholic Online Bible
Complete bible online
Catholic Online News
Your news Catholic eye
Today's bible reading
Products and services we offer
Catholic Online Shopping
Catholic medals, gifts & books
The California Network
Inspiring streaming service
Learn the Catholic way
Teacher lesson plans & resources
Support Free Education
Tax deductible support Free education