Early signs of spring are blooming everywhere, from the tulips on New York City's Park Avenue to the cherry blossoms in Washington D.C., but beyond the blooms there could be opportunity in the retail sector.
As I write this, I am reminded of reading Annie Dillard's Pulitzer Prize winning "A Pilgrim At Tinker Creek" in my senior year of high school, where she discusses the concept of "catching spring," how suddenly it's upon you before you realize it's here.
While many are basking in the warmth, others are basking in the wealth — taking advantage of the warm weather's tradable insights.
According to Planalytics, a company that quantifies weather impacts on economic activity, more than 7,500 warm temperature records were set in March, including the warmest March on record for Chicago, Oklahoma City, Milwaukee, Detroit, Kansas City, Nashville, Indianapolis and Tampa. New York City and Philadelphia will mark March as the second warmest on record.
However, the pacific region had its coldest March since 1977, and many cities are still feeling the freeze. Portland will posting its coldest March in 41 years, including a late-month snow.Page 1 of 4 | Next Page