The historic impact of two category 4 hurricanes from the Atlantic in the same year is a hard reminder that weather is playing an increasingly bigger role on our lives. 2016 was the warmest year on record globally, and 2017 is already in a close second place. While day-to-day temperatures can be unpredictable, larger weather patterns are no longer something investors can ignore. One of the harshest weather patterns could be returning soon, bringing with it bone-chilling temperatures in some regions and droughts in others. If it does return, then it could mean big moves in one commodity in particular,… Read More
The historic impact of two category 4 hurricanes from the Atlantic in the same year is a hard reminder that weather is playing an increasingly bigger role on our lives. 2016 was the warmest year on record globally, and 2017 is already in a close second place. While day-to-day temperatures can be unpredictable, larger weather patterns are no longer something investors can ignore. One of the harshest weather patterns could be returning soon, bringing with it bone-chilling temperatures in some regions and droughts in others. If it does return, then it could mean big moves in one commodity in particular, causing a select group of shares to jump. How Does La Niña Affect The Weather And Asset Prices? A cooling in the Pacific Ocean has prompted the U.S. Climate Prediction Center to upgrade its odds for the La Niña weather phenomenon to 62% from just 26% last month. The Australian Bureau of Meteorology also recently said that two of its eight models are forecasting La Niña conditions by year-end. #-ad_banner-#La Niña is caused by colder ocean temperatures in the Equatorial Pacific and their effect on the wind currents over the Pacific. The weather pattern generally… Read More