You can stand under my umbrella. ella. ella. hey. hey. hey.                                       

Trade of the Day: The New Warmal Makes Umbrellas Hot

Mark Gilbert is a Bloomberg View columnist and writes editorials on economics, finance and politics. He was London bureau chief for Bloomberg News and is the author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”
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The National Oceanic and Atmospheric Administration says that the world just had its hottest May on record, while January to May this year was the fifth-warmest start to any year.

Moreover, four of the five hottest Mays on record have occurred since 2010, according to my Bloomberg colleague Tom Randall. So the Trade of the Day is umbrellas. Problem is, do you sell because global warming might mean less rain, or do you buy because we're all going to need parasols?

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Mark Gilbert at magilbert@bloomberg.net

To contact the editor on this story:
James Greiff at jgreiff@bloomberg.net