Russian Stocks, Ruble Respond To Obama's Sanctions By Extending Gains

 

Despite no move in gold, silver, or US Treasuries, US equities (and JPY crosses) remain bid. But perhaps the most intriguing reaction to Obama's escalation is the surge higher in Russian stocks and rally in the Ruble...

Charts: Bloomberg

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That is the reaction to the "severity" of the "sanctions"

Reason: