Research and News

Trade war risk is by far the most significant problem for commodities and more than able to compensate for ultra dovish expectation from the Fed (market priced in 3-4 rate cut in just one year) and softer USD. Overall risk conditions switched to risk-off...

07 February 2019, Arbat Capital

commodity;

Dynamics within the sector was relatively uniform with negative US banks tumbled in May after significant growth in April when they outperformed the broad market by more than 5%. Notwithstanding, BKX index is still +7% ytd, the strongest growth of t...

06 August 2019, Arbat Capital

investment, banks;

Crude oil futures prices ended May 2019 sharply lower and reached their lowest levels since February 2019, with ICE Brent falling by more than $7, or about 12%, during the month, and NYMEX WTI posted about a $10, or 19% slide. Oil prices registered highe...

06 July 2019, Arbat Capital

oil, investment, equity

Trade war risk is by far the most significant problem for commodities and more than able to compensate for ultra dovish expectation from the Fed (market priced in 3-4 rate cut in just one year) and softer USD. Overall risk conditions switched to risk-off...

06 March 2019, Arbat Capital

commodity;

Trade war risk resurfaced and now is the main talking point for commodities as previous impulse from dovish Fed and China micro-stimulus has faded completely. Overall risk conditions are ready to switch to risk-off mode as equities and commodities have a...

05 2019, Arbat Capital

commodity;

US banks significantly outperformed the broad market on MoM basis in April after very weak performance in March when banks tumbled by 6.5% because of very dovish Fed and lowered rate expectations. Thus, banks showed the strongest monthly performance in ...

05 August 2019, Arbat Capital

investment, banks;

The spot price of the ICE Brent crude oil benchmark rose further in April 2019 to levels not seen since October 2018 and on April, 25 almost reached the threshold of $75 per barrel. Average monthly price of the ICE Brent crude oil in April 2019 was equal...

05 July 2019, Arbat Capital

oil, investment, equity

Fed dovish pivot, Brexit delay and trade deal hopes are now in the back mirror. Risk-on conditions are still valid and overall Greed index at 18 months high. But commodities clearly lost momentum.

04 2019, Arbat Capital

commodity;

Two consecutive months of outperformance after December sell-off gave way to a sharp decline in March. In result, relative performance of US banks was even worse than it was in December. Despite decline in March, banks demonstrated the strongest growth i...

04 August 2019, Arbat Capital

investment, banks;