P!
I think this has a large effect on US stock markets and is one reason why I believe that US markets are vastly less vulnerable to a correction of any significant size than most people think.
US markets are simply the world’s money toilet at this point. If you were a Russian and saw these serial 5-7% devaluations, and could all at once extract your money from Russia *and* transform it into USDs (thus removing it from the threat of Ruble devaluation) *and* get dividend paying stocks *and* get the best management in the world, why would you fear a 10% US market correction, all of which in recent memory have corrected themselves within weeks?
