- S&P 500 Index return is computed over the year following dissipation of the hurricane.
- Most hurricanes occurred in either the third or beginning of the fourth quarter, so GDP quarter over quarter percentage changes are shown for the following year.
- Overall, historically there has been no significant impact on markets, the economy, or unemployment in the near- to intermediate-term.
- Even impacts on oil prices have only been felt on average for less than a quarter following the hurricane.
- Important notes:
- Hurricane Ike was in the midst of the 2008 financial crisis
- Hurricane Katrina (costliest by far) distorted 4th quarter 2005 GDP but was quickly reversed in first quarter 2006
Content provided by guest writer Grant Engelbart, CLS Research Analyst