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Chart Of The DayMost Recent Stories

THE CHART OF THE DAY

You might be surprised to hear that the best performing major stock market this year is Russia – I know I am since my long shot prediction for 2009 was a major Russian financial crisis.   The Russian stock market is up over 130% from its bottom.    If you’re looking for the ultimate reflation trade you’ve found it in Russia.  With a volatile economy that is highly levered to the price of oil you have all the ingredients of a high risk high beta reflation trade.  But don’t get too excited – these high beta names give new meaning to the old saying, “what goes up must come down”…..

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