Direxion Daily Russia Bear 3X (RUSS)

[value1008]

The following remark is just my speculation but it seems that a number of investors in US markets, seeing what looks like a topping-out process the past few months, are looking around the world. Russia looks like a "good bet" for many of them, especially since Russia has already recovered and performed well since the crash of the ruble. I've seen all these articles about getting over the fear of investing in Russia, that Putin is a sly fellow who is angling to make things work, that the increasing ties with China will help Russia flourish (or at least "not wallow") despite sanctions from west, etc etc.

There's also the general feeling that oil will eventually recover (WTI up to $70 or higher, who knows where for Brent prices)....

Just saying that there's a lot of bullishness out there about investing in Russia, despite their credit-worthiness, stagflation concerns, etc.