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.

Central Bank Under Search: Reserves, Rates and the Limits of a One-Day StoryICU Forecast: UAH 49.2 by End-2027 and the Break-Even Point for Hryvnia SaversKyiv Region Housing October 2026: What Buyers Pay for Light, Heat and DistanceUkraine's Pension Map Shifts: UAH 7,287.81 Average, 44.35% Still Below UAH 5,000Morgan Stanley Q3 2026 Preview: A 29-Cent Consensus Gap Decides the HeadlineSeptember CPI Preview: Fuel Lifts the Headline to 3.7% While Core Decides the Fed's MoveJ&J Q3 2026 Preview: A $1bn Charge, Talc Timetable and the DePuy Synthes QuestionBonds Stopped Hedging: 5.21% on the 10-Year and a Rebuilt "40" for 2026Gemini's Breakout at Three Real Firms: Alphabet Held Firm, Security Budgets Get the BillUkraine's September Payment Queue: Why Minfin Froze Every Capital Line at OnceWarsh's First Real Test: Why the 10-Year, Not the Funds Rate, Decides 16 SeptemberGold at $4,285 Before the Fed: Real Yields at 2.63% Explain the 23% DrawdownCompute Sellers Fell, Compute Buyers Rose: What the AI Pacing Selloff Really PricedInvestment-Grade Credit at 5.53%: The Corporate Part Is Worth Just 0.81%Kyiv Pit-Stage Apartments in 2026: Why +30% on the Slide Becomes 18.8% in HandKyiv 2026: Which Housing Programmes Actually Stack Into One Apartment DealPlayboy Sold Half Its China Business and the Stock Costs $1.22Datadog Beat, Raised Guidance, and Fell the Most in Its HistoryUWM Holdings Fell 44.7% — Leverage to Mortgage Volume Cuts Both WaysUkraine's $52 Billion Financing Gap: Who Actually Closes ItFrontline (FRO) and the Tanker Trade Unwinding After the US-Iran PauseSnowflake — The Consumption Model Meets the SaaS Sell-OffNorthrop Grumman — Cheap Missile Defense After the War Premium FadedStocks Down, Oil Up — The Market's Two-Front WeekRuslan Averin — Independent Investor and Market AnalystAnthropic Pledged $200M to Study AI's Hit on Jobs — Investors Should Read It as a SignalEvery Oil Shock Since 1970 Ended the Same Way for Stocks — Paulsen's Warning for 2026SpaceX IPO: 12 Things Retail Investors Must Know Before Friday's DebutDue Diligence on Ukrainian Property Developers: A Framework for Foreign InvestorsUkraine's Debt Restructuring Sets a Precedent Every EM Investor Should Price Now