Can McCain's 'Never Trump' Anti-Russia Stance Spook Wall Street, Too? - News Summed Up

Can McCain's 'Never Trump' Anti-Russia Stance Spook Wall Street, Too?


A Trump win signaled to Wall Street that sanctions against Russian energy and banks could be removed next year. All of this drama, in which McCain plays a starring role, has made it hard for global investors to sell the Russia story to institutions. Plus you look back a year ago and you had oil at around $30 and it's now about $50. But on Wall Street, where investors are always looking for bargains, Russia has been a flea market for two years. Van Eck Global, owners of the two Market Vectors Russia exchange traded funds, had the best performing big emerging market ETF last year.


Source: Forbes February 19, 2017 23:07 UTC



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