Markets liked the Biden sanctions on Russia and are now rallying once again. The market is craving a short squeeze and any semblance of good news, or not so terrible news, is met with buy orders.
Interestingly, the Russian markets closed up today, ad rallied following Biden’s limited sanctions.
*RUSSIA'S MOEX INDEX UP 5.9% IN LATE TRADING AFTER BIDEN SPEAKS
— zerohedge (@zerohedge) February 22, 2022
To be fair to Biden, there isn’t much he can do against a nation with hardly any debt and natural resources that net them profits every year.
That said, it’s 3:05pm and I shall not be lured into any large long positions. Ahead of the speech, I bought VALE and ATI and lean slightly long — but will likely only add to my portfolio at the very end of the session — fearful of scam wicks.
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There are 720,000+ people living in Donetsk and Luhansk. They were recognized and given Russian citizenship under a simplified passport regime Russia adopted in 2019
A Russian citizenship sure is awesome.
Comes with a lifetime supply of Russian dressing.
Vlad has accomplished quite a lot in such a short span of time:
1. Crashed the Russian stock market
2. Made Boris look like Churchill
3. Made Macron look less like a chav
4. Reminded everyone Brandon doesn’t personally owe the Russians money
Zero hedge guy is gay porn