4 ms·
Indeed, I can imagine a few mechanisms for such a correlation. 1. El Nino / Southern Oscillation affects the temperature in Australia and (especially South) A
by emmelaich 7y ago
Indeed, I can imagine a few mechanisms for such a correlation.
1. El Nino / Southern Oscillation affects the temperature in Australia and (especially South) America which would affect farm yields and hence US stock market prices.
2. Extra hot temperatures at a uranium mine near a town in Australia might limit productivity of that mine, causing uranium prices to change.
Just two off the top of my head. The effects might be only very mildly correlated, but not zero.