Weather risk can move markets months in advance: Stock traders pay attention to these 2 long-range climate forecasts
- Written by Derek Lemoine, Professor of Economics, University of Arizona
Months before winter arrives, traders are watching for clues in the long-range weather forecasts.Mario Tama/Getty ImagesTo understand how important weather and climate risks are to the economy, watch investors. New research shows that two long-range seasonal weather forecasts in particular can move the stock market in interesting ways.
We often...