Research and News

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;

In May Brent oil price finally got to $80 per barrel. Almost all the gain was made on Trump’s decision to cut off from the deal with Iran and to return oil sanctions. Geopolitical nature of the rally made it quite unstable, but significant correction beg...

14 June 2018, Arbat Capital

oil, investment, equity

US banks were little changed in May as it did in April. In May BKX index increased by 1.0% MoM vs +2.2% of SPX index. In fact, in the first part of month banks demonstrated positive performance due to strong quarterly results, expectations of both rising...

09 June 2018, Arbat Capital

investment, banks;

US banks started the second quarter with relatively flat dynamics after two consecutive months of decline. In April US banks increased by 0.5% MoM vs +0.3% of SPX index. Currently, US banks are just 0.3% higher than it was at the end of 2017, despite the...

11 May 2018, Arbat Capital

investment, banks;

US banks finished the quarter in the red zone (-0.2% ytd) despite in January they demonstrated the most impressive start of the year since 2010. In March banks lost 5.5% MoM vs -2.7% MoM of SPX index, after -2.3% MoM decline in February. Banks significan...

13 April 2018, Arbat Capital

investment, banks;

In March crude oil market had been mostly in consolidation phase before breaking through technical resistance level and recovering to local maximum. Geopolitical risks were believed to support the returning of bullish sentiment. The risks of trading war ...

09 April 2018, Arbat Capital

oil, investment, equity

US banks were sold off in February after they had demonstrated the most impressive start of the year since 2010. In February US banks decreased by 2.3% MoM vs -3.9% of SPX index. But banks added +5.6% YTD significantly outperforming S&P 500 which inc...

15 March 2018, Arbat Capital

investment, banks;

In December US Banks (BKX index) increased by 2.0% MoM vs +1.0% MoM of S&P 500 index after slight outperformance in November. Despite strong growth of banks quotes in the last four months (+14.8% in absolute terms) SPX index outperformed it during 20...

18 January 2018, Arbat Capital

investment, banks;

Crude oil price has ended the year on a very high note. WTI and Brent benchmarks have got to 2015 maximum levels ($62.5 for WTI and almost $70 for Brent). Technically it looks supported by breaking through key resistance. Brent surpassed its resistance e...

18 January 2018, Arbat Capital

oil, investment, equity