First of all, it’s an embarrassment that so much commerce is backed up because of some cold and frozen water … but it is what it is and you can’t trade the world and change it at the same time.
So for traders, the less on is to be ready for the next big national episode of the polar vortex because it will surely be a brilliant opportunity. The S&P 500 is down nearly 6% from the highs, bonds are on a rampage and USD/JPY is in freefall.
Turn off CNBC and put on the weather channel.
Atlanta highway jammed in one direction and closed in the other last week after snow