The Ruble Rebounds
The ruble shot up 11.5% versus the dollar in February – the biggest monthly gain in more than 20 years.
These gains come after some brutal losses for the Russian currency. The ruble lost about 40% of its value against the dollar in 2014. And it dropped a further 19% against the dollar in January.
But what’s important is that the ruble is going from bad to less bad…
If things continue to improve for the Russian currency, 2015 could still surprise most investors and turn out to be a banner year for Russian assets.
P.S. Right now, everyone thinks the US stock market is “safe” and that emerging market stocks are “risky.” But new research from colleague Braden Copeland turns that cozy logic on its head. Read on here to learn why Braden reckons the real risk right now is in US stocks.