The World Cup match between the U.S. and Belgium looks like a great case of timing the market.
Bloomberg News reports that today’s game is scheduled to begin just as regular stock trading ends at 4 p.m. in New York. Compared with the midday start for last week’s U.S.-Germany match, there should be fewer conflicts in the workplace while giving Wall Street watering holes an earlier jump on Happy Hour.
'The timing couldn’t be more appropriate', said Philip Blancato, the chief executive officer of investment adviser Ladenburg Thalmann Funds/USA on Madison Avenue in Midtown Manhattan. 'We have a group from the company that’s going to head out at the end of the work day and go watch the game together'.
The U.S.-Germany match on June 26 drew eyes away from trading screens and some workers from their desks to watch on monitors set up by employers such as JPMorgan.
Midtown 1015, a bar on second avenue in Manhattan, has doubled its staff in anticipation of heavy crowds to watch the game, said Laura Langella, a bartender. She expects more than 500 revellers to come to the pub, which is a few blocks from Citigroup’s headquarters.
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