Moscow stock exchange has been closed for a week. What a big drop from $22. RSX is approaching zero point something.
When the war started somebody on ET suggested to short RSX. I read that tread when the market crashed already . I don't know who it was, but he is a smart guy. It didn't occur to me at that time. But what would happen to your short position if RSX was dissolved if that is even possible. Is there a chance that people who were short RSX not gonna get paid at the end? What happens if you short a stock and it gets delisted or company goes bankrupt. Are you still gonna get paid?
Not sure RTX is a good trade for anyone believing in any sort of settlement. RTX is an etf that is currency UNhedged. The ruble lost nearly 65% against the US dollar since the beginning of the invasion. RTX is "only" down 75%. A much better (and cheaper) and less risky play is via usd/rub cash fx. I have not traded the ruble in a while so I am not sure whether brokers offer it at the moment and at what spread. But the tracking error in RTX can be massive in the next few days. I would be very cautious trading this etf. I would much rather watch a collapse in oil and trade futures if I truly believed in some sort of agreement with Russia. The West will maintain sanctions on Russian state affiliated corporations for a long time, especially resource and financials. But we are addicted to oil like some cheap whores and we can't source enough of the black gold. As soon as an agreement of some sorts is reached Brent and crude will easily trade below 90. This is the trade I look for.
america and London have the strongest capital markets. You want to raise capital at the highest multiples you have to play nice with the world. You want to be part of the global economy, don’t be an asshole (at least towards a country with white people).
This is the main reason why I stopped investing and swing trading 2 decades ago. I have been day trading since then.