‘The Severity Of This Sell-Off Is Worrying’: With The ECB Damned If It Does, Damned If It Doesn’t, What’s Next For Italy?

Front and center on everyone's worry list as the U.S. comes back from the long weekend on Tuesday is obviously Italy. Italian bonds and stocks (especially banks) were crushed on Monday as investors quickly realized that while the prospect of new elections could conceivably be viewed as more market friendly than the immediate establishment of an outright populist coalition government, the country is now facing months of uncertainty and the timeline seems to suggest that Italians will be going to