Can't see the forest for the trees

Today morning after the stand-up our PM asked us how do feel about the "overall progress" of the project. Since we were right at the halfway point of a three month project it was a real good question.  

Each of team member knew how the User Stories were progressing yet I got the feeling we were not seeing the whole situation clearly. Maybe because we are looking too closely at small details, or because we are too closely involved. You just can't see the forest for the trees.