Marvelous McRib
10/27/2023 |
The Friday File: The McDonalds McRib sandwich is deliberately made available only sporadically. During 2010-2017 it was only available on 19.3% of stock trading days. However, the average daily return on equities, as measured by the S&P 500, is boosted by 0.07%/day when the McRib is for sale. That works out to an annualized return of 19%. Better yet, the McRib is back! But Remember McCorrelation does not equal McCausality.