TPW Advisory Friday Musings: Foggy Weather
Global cross asset market action is really stretching one’s inventory of analogies – we have already employed the two steps forward, one step back analogy so now we are going to use the traffic in foggy weather one.
It came to me when I was biking to work (big NYC City Bike fan) the other morning and as usual I looked up to the Empire State Bldg. as I rode up Broadway (yes, I know, going against traffic – what else is new).
Some days it is a beautiful sight; the early morning sun striking the top of the spire; other times, low hanging clouds scud across the tip.
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- TPW Advisory Friday Musings: Foggy Weather25 Feb 2023