In exciting news to end the week, we now have 7 of the 8 weather models forecasting La Nina as we go into summer. Only one outlier remains, and it isn’t far away from the pack.
The models completed their monthly update overnight, so you are looking at the very freshest guidance here, and the big news is that no longer do we have just 3 or 4 models crossing the threshold, but now it is 7 out of 8.
These 7 are all there by the end of November, and most are there by early October.
The one outlier is the BoM’s (Australia) model. Still sitting on the fence, but it used to be right in the middle of neutral, and now it is a lot closer to the rest of the guidance.
