Student, faculty research shows Groundhog Effect on stock prices

January 9, 2017 | Groundhog Effect
Ashley Klopfenstein ’20 is well aware of the lore of Punxsutawney Phil. She has heard of the groundhog’s prediction skills when it comes to foreseeing an early spring on Feb. 2. However, she had no idea the impact the little guy had anticipating the ups and downs of the United States’ financial markets. “It is quirky, but when you look at...
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