Earlier today, we presented some of the “meatier” excerpts from Ian Lyngen and Jon Hill’s morning wrap. However, since we believe the commendable piece should be read in its entirety, we reproduce it below for our readers as the comprehensive picture it paints is arguably one of the best post-mortems of what took place in the past few days… and also because its implications are rather damning for risk assets.
Who Needs Vacation Anyway?
by Ian Lyngen and Jon Hill of BMO Capital Markets
The wait…