Research and News

US banks outperformed the broad market on MoM basis second month in a row, after two consecutive months of significant underperformance. Thus, banks increased markedly in absolute terms in November. However, BKX index underperformed S&P 500 index in ...

07 December 2018, Arbat Capital

investment, banks;

In October crude oil market caught a “bear flu” after almost gripping the $90 per barrel price level (Brent).  In the beginning of October the market apparently priced in quite a lot of risks regarding U.S. threats to zero Iran’s oil exports. 

16 November 2018, Arbat Capital

oil, investment, equity

US banks outperformed the broad market on MoM basis, after two consecutive months of underperformance, but banks declined significantly in absolute terms in October. Moreover, BKX index underperformed S&P 500 index in four months over the last 6. In ...

12 November 2018, Arbat Capital

investment, banks;

US banks again underperformed the broad market on MoM basis, the forth month of the last five. But, in fact, US banks were relatively flat over the last 5 months, trading in a narrow range of 103-111 points on BKX index. In September, US banks decreased ...

25 October 2018, Arbat Capital

investment, banks;

In September crude oil market was all about looming Iran sanctions and real numbers for Saudi Arabia’s spare capacities. At the meeting of OPEC’s monitoring committee on September 23 nothing was mentioned regarding preventive measures to make sure that t...

18 October 2018, Arbat Capital

oil, investment, equity

US banks again underperformed the broad market on MoM basis, the third month of the last four. But, in fact, US banks were relatively flat over the last 5 months, trading in a narrow range of 103-111 points on BKX index. In August, US banks increased by ...

10 September 2018, Arbat Capital

investment, banks;

In July there were not many disturbances for crude oil price trading levels. The price was on the edge of breaking downside but Saudi Arabia made an effort to support it by limiting production growth. Saudi Arabia said it won’t oversupply the market just...

17 August 2018, Arbat Capital

oil, investment, equity

After two consecutive months of underperformance US banks finally outperformed S&P 500 index in July due to positive perception of the earnings season. In July, US banks increased by 4.9% MoM vs +3.6% of SPX index. But on the YTD basis, banks still u...

15 August 2018, Arbat Capital

investment, banks;

US banks underperformed the broad market again, the second month in a row and the third month out of six this year. In June banks lost 1.9% MoM vs +0.5% MoM of SPX index, after -1.0% MoM decline in May. Absolute June performance on MoM basis was -0.4 StD...

09 July 2018, Arbat Capital

investment, banks;