And The Worst Performing G-20 Stock Market This Year Is...

When it comes to stock market performance this year, there’s no uniting the U.S. and Russia.

The S&P 500 and the Micex began the year at almost the same level, but equities in the former Soviet nation have tumbled amid losses in crude and evaporating optimism over the lifting of sanctions under U.S. President Donald Trump.

Spot the odd one out...

As the leaders of the G-20 met in Hamburg, equities in almost every other market in the group have risen.. but Russia has collapsed.

Comments

SoDamnMad Mon, 07/10/2017 - 04:42 Permalink

Russian is a buying opportunity.  Argentina must be a standout with those 100 year bonds.  Turkey is also a standout what with Europe turning it's back to EU ascention and Putin not smiling at Erdogen during the G20 meetings. Buy the dip, dips.

Albertarocks SoDamnMad Mon, 07/10/2017 - 11:12 Permalink

Agreed on Russia.  Notice that Canada's market hasn't fared very well either.  I'd say that if gold and silver are ever allowed to seek their proper level and money starts exiting equites for commodities, then Canada's market is probably a good bet going forward too.  If the stock markets pull back in scary fashion then the bankers' reaction to that could ignite the inflation we've all been expecting since March 2009.  That inflation has happened, but almost all of it has been funneled into these plastic stock markets.  All of this is absolutely going to reverse when economic Mother Nature finally exerts her authority.

In reply to by SoDamnMad

Conax Mon, 07/10/2017 - 11:21 Permalink

Surprise! The Tribe despises Russia so their market is down.  At least they have a market.All we have are fiat floated Ponzis, fake government reports, skimming HFT algos and sold out commentators.We have no solid info, no solid money, and no non-violent way to extricate ourselves.The Russians have industry, a white population and lots of resources. They'll be fine. 

. . . _ _ _ . . . Mon, 07/10/2017 - 18:11 Permalink

Given that the US markets have been outperforming, and their economy is in the shitter, I would say that markets going down in this bizarro world is a good indication of strength.Also, "...in the former Soviet nation..." Why not just say 'Russia'? Hit piece.Once Turkish Stream et al. are complete, EU will be totally dependant on Russia and Turkey.