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.

Certara Fell 23.7% — Software Sold Into a Sector That Is CuttingDaVita Beat Estimates, Reaffirmed Guidance, and Fell 18%Peloton Turned Its First Annual Profit and the Stock Fell 15%Uber Grew Bookings 24% and the Stock Fell 5.3%The EU's €90 Billion Package: Borrowed on Markets, Not Taken from RussiaThe IMF Just Released Ukraine's Second Tranche — And Attached a WarningDebt at 122% of GDP: When the Ratio Tells You Less Than You Think14 Million Tonnes of Wheat, 25 of Corn — Ukraine's Grain Trade Still WorksThe 2026-27 Heating Season Is the Year's Real Economic VariableAlphabet (GOOGL) Falls 6% on a Capex Raise: When Good News Gets SoldOccidental (OXY) Pulls Back as Oil Crashes on the US-Iran PausePegasystems Fell 14% — When a $0.35 Print Meets a $0.43 ExpectationServiceNow — A Great Business Caught in the SaaS DowndraftSpaceX — A Starship Scrub and a 20% Repricing of the Private GiantFlex LNG — A High-Yield, Indirect Way to Play Hormuz Gas RiskNordic American Tankers — The Retail Suezmax Bet on Hormuz RatesBadger Meter — A 33-Year Aristocrat Turning Into a Water-Software PlayGlobal Water Resources — A Monthly Dividend on the Fastest-Growing Water in AmericaH2O America (formerly SJW) — A Dividend King Hiding Behind a New TickerThe Semiconductor Selloff — When the Market's Winners Become the Fault LineBurry's MSFT Calls: What I Make of the Contrarian's Bet — The Other Side of the TradeUkraine's Central Bank Held at 15% — Why the Hold Matters More Than a Cut Would Have — The Other Side of the TradeAdobe (ADBE) Fell -6.8% on a CFO Exit — Not on the NumbersApple, Amazon and Netflix Closed Red on a Green Day — The Rotation Out of Megacap Isn't OverPalantir (PLTR) Failed at the 200-Day Line — When a 144 P/E Meets a Bad ChartAnthropic Just Overtook OpenAI: $965B vs $862B — What the Flip Means for AI InvestorsEmployers Are Quietly Dropping GLP-1 Coverage for 2027 — The $149 Pill Changed the MathMoney Markets Still Pay Up to 4.01% — While Inflation Runs 4.2%. Read That TwiceShale's Q1 Scoreboard: Diamondback Beat by 10.5% and Still Fell — Here's Who Actually WonClaiming Social Security at 62? Only Two Things Decide Your Maximum Check