I’ve been hesitant to send anything about Hurricane Michael because I haven’t had any questions about it, unlike with prior hurricanes. (As a reminder, the threshold here is severe/disruptive weather in the Chicago area, with occasional exceptions for national weather catastrophes that are likely to rank in the top 25 all-time for damage.)
But unfortunately this does require a quick note, because Hurricane Michael is likely to be a true disaster.
Later today Michael is going to make landfall on the Florida coast as a Category 4 storm. Unlike Harvey and Florence – both of which were horrendous storms that killed dozens of people and did tens of billions of dollars in damage – this storm is packing a flooding threat and a terrifying wind field. Current *sustained* winds are 145 mph. If that carries through to landfall this will be one of the strongest storms to ever hit the U.S. Damage at that level is catastrophic. And it does look likely that the storm will retain its strength, if not strengthen further, before making landfall in a few hours.
This is also a worst-case scenario because unlike Florence, for example, Michael has exploded in intensity just before landfall. I hope I’m wrong, but there seems to be much less attention on this storm compared to others. The track and overall threat has been in discussion for over a week now, but the rapid intensification – always the trickiest part – is coming at the last moment and may be catching people off guard. The area at risk is highly populated and vulnerable to flooding. Michael is large – nearly 2x the area of hurricane-force winds as Andrew had in 1992 – and producing a storm surge that could be 10-12 feet.
It doesn’t get much worse than this for the Florida Panhandle.
This email is confidential and intended only for the recipient(s). If you have received this message in error, please notify the sender at compliance@anabaticllc.com and delete this message and any attachments. This message is provided for informational purposes only and should not be construed as a solicitation or offer to buy any financial instruments. Please see the full disclaimer at www.anabaticllc.com.