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A number of important developments happened since my last article on the VanEck Vectors Russia ETF (RSX), “RSX: Rally Will Fade Soon”, was published. Without further ado, let’s get to the key catalysts in play.
Mueller found no evidence of Trump-Russia collusion
The Russian market got an immediate boost from this news, a kind of a relief rally. The rationale is simple: if the Mueller investigation had found something, the Russian stocks would have been devastated as it would have meant immediate and severe sanctions.