Ignore "El Nino," Weather Doesn't Drive the Market

Amid the many concerns still weighing on investors this year, a new alleged storm is gathering: the weather. From Europe’s severe heatwave to a prospective super El Niño, some worry extreme weather may dampen the global economy and markets by swamping growth and reigniting inflation. While we don’t dismiss the possible disruptions, don’t overstate extreme weather’s macroeconomic implications—they look like a false fear. Read Full Article »