Russian Bears Take a Breather
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Market Vectors Russia ETF (NYSE: RSX) got a pop this morning, as Russian bears took a day off. The Russian stock market has been falling for the last three months. The drop has a lot to do with oil and commodity prices, which make up a disproportionate share of Russia's economy.
The move higher today looks like a relief rally, as traders reevaluate their outlook on commodities and energy.
The move higher today looks like a relief rally, as traders reevaluate their outlook on commodities and energy.
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