AFTER THE STORM: Navigating the US Equity Markets after Hurricane Sandy

Hurricane Sandy caused unprecedented distruption to business life in New York City. In its aftermath, we examine the impact of past US natural disasters on the cross-section of US equity returns. Investors might expect the hurricane to have an impact on the broad market, as well as pronounced effects in certain industries and sectors. Based on our analysis, we conclude that few predictable patterns emerged in the cross-section of equity returns following the five large natural disasters that we analyzed.

Agenda Topics Include:

• US Hurricane and Market Returns
• Industry Impact of Hurricanes
• Can We Find Patterns in Factor Returns Following US Hurricanes?