Independent Investment Analysis
RFC Capital Research
Capital & Markets
Analysis · Strategy · Perspective

Markets, capital, and the discipline of patient investing.

RFC Capital Research publishes the independent analysis of Ruslan Averin — an investor focused on public markets, sovereign and corporate fixed income, cross-border real estate, and capital allocation across emerging and frontier markets.

No institutional mandate, no house view to defend — a working record of how one investor thinks about risk, value, and the markets most analysts avoid.

Refining Outage, Not Crude, Drove Exxon and Chevron Past Q3 2026 ConsensusTwo Holds, One Message: How the Fed and ECB Decisions Reach the HryvniaNBU Key Rate on 29 October 2026: A Forecast Meeting With 10% Inflation on the TableNetflix Q3 2026: A Profit Beat Undone by a $300 Million Advertising DowngradeUkraine Household Gas: UAH 7.96 Locked to April 2027, While Delivery Does the MovingRussian Pensions in 2027: Two Indexations, 6.8% and 3.3%, and an Average of RUB 29,904Bank of America Q3 2026: The Quarter Management Already Marked DownOutage Economics in Ukraine: What a Generator, EcoFlow or Home Battery Costs per kWhUkraine's Treasury Queue: UAH 18bn VAT Refunds on Hold While $27bn Hangs on ReformsJPMorgan Q3 2026: Why the $105.5B NII Line Matters More Than the $5.93 EPS BarBali or Phuket in 2026: How a 10% Advertised Yield Ends Up as 3% in CashNovo Nordisk Drops 7.65% on Its London Reset: Peer-Group Growth and a 2032 DeadlineReserves, Not the Rate: What Ukraine's 45-Hryvnia Dollar Really Signals for 2026-2027Kyiv Rent Falls to UAH 18,000 in September 2026 as Uzhhorod and Lviv Jump 33%Lennar's August Quarter: the 12.9% Incentive Line Meets a 6.76% MortgageUkraine 2026: What Tax an Apartment Costs at Every Stage of OwnershipRecord $6.23 Diesel: The Refining War Behind Trump's Appeal to KyivKyiv Rental Income in 2026: Choosing a Tax Regime Before the Platforms Start ReportingUkraine's Seven-Year Housing Table, Recalculated in Real Terms City by CityYou Cannot Buy Pornhub Stock — Here Is What the Ownership Actually Looks LikeDaVita Beat Estimates, Reaffirmed Guidance, and Fell 18%The EU's €90 Billion Package: Borrowed on Markets, Not Taken from Russia14 Million Tonnes of Wheat, 25 of Corn — Ukraine's Grain Trade Still WorksOccidental (OXY) Pulls Back as Oil Crashes on the US-Iran PauseSpaceX — A Starship Scrub and a 20% Repricing of the Private GiantBadger Meter — A 33-Year Aristocrat Turning Into a Water-Software PlayThe Semiconductor Selloff — When the Market's Winners Become the Fault LineAdobe (ADBE) Fell -6.8% on a CFO Exit — Not on the NumbersAnthropic Just Overtook OpenAI: $965B vs $862B — What the Flip Means for AI InvestorsShale's Q1 Scoreboard: Diamondback Beat by 10.5% and Still Fell — Here's Who Actually Won