Russia – Watch Putin’s Parliament Speech Tomorrow For Signs of Policy Change Over the Plunging Ruble

All eyes continue on the currency as Russian equities ex-currency are flat. Clearly however, if you are a USD investor and own Ruble based assets in USD you care about the currency and if you think the Ruble is going to 60, hands off buying Lukoil (LUKOY, quote) in ADR form.  

Analysis Emerging Markets Insight ETFs Oil Ruble Russia Tim Seymour

OPEC Packing It In?

While we were wrong in expecting a 500K cut yesterday as OPEC met to address plunging oil prices and a supply glut that is overwhelming lackluster ( but not negative) demand growth. What we were not wrong in expecting that OPEC would sound coordinated at least on the surface and ready to address the supply issues outside and inside of OPEC.  

Commodities Emerging Markets Insight Energy Oil