I've been reading and hearing about the possibility of an El Niño related drought reoccurring. Does anyone have any opinions on which stocks will be affected and how? (ie some benefit others don't).
I'd say that some of the agricultural companies will but to what extend is another question. Production may fall but prices may go up disproportionately.
Thought it'll be good to prepare for any buy or sell opportunities ahead of the general market.
In commodities markets El Niño is a big deal (eg Soy beans) but is less watched in the general stock markets. I'm looking for tangible, proven relationships that people may have observed during the last El nino cycle between certain stocks and the onset of certain weather conditions.