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One research study found that stocks performed better when there was more sunspot activity. According to the authors, on days with higher sunspot activity, stock

One research study found that stocks performed better when there was more sunspot activity. According to the authors, on days with higher sunspot activity, stock returns tended to be positive. This is an example of spurious correlation: two things may be correlated (sunspots and stock returns) but that doesn't mean that one thing is causing the other (in this case, more sunspot activity is not causing the stock market to go up).

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