Good Day Sunshine: Stock Returns and the Weather, a paper from 2001, claims that there is a "strong and significant correlation" between sunshine at country’s leading stock exchange and market index stock returns (discussion ).
Study: Weather Influences Stock Movements
Good Day Sunshine: Stock Returns and the Weather, a paper from 2001, claims that there is a "strong and significant correlation" between sunshine at country’s leading stock exchange and market index stock returns (discussion ).
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Interesting study, although not enough to make me invest thousands of dollars the next bright sunny day we get.
ReplyDeleteIn a market like this that is influenced by mood swings as much as by the legit news, I wouldn't be surprised to see a correlation the paper describes.
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