Saingace(TM) Ladies Sandals Party Dress Shoe Ruffle Peep Toe Wedge Heels Sandals Pumps Shoe (4 UK, Yellow) B07F64X6H5 Parent
Ladies Womens Low Heel Wedge Summer Diamante FLIP Flop Toe Post Sandals Shoes SZ B07D159Y8H Parent , Bellelove Women Summer Shoes,Fashion Cute Cat Print Canvas Cross Tied Casual Shoes Leisure Sports Shoes Casual... B07C6S1SK9 Parent
Buckle Shoes (AB1009-5 - New Women Ladies HIGH Heel Sling Back MID Platform PEEP Toe Court Shoes B01IVYOWSM Parent , Dunlop Ladies Memory Foam Casual Comfort Slip on Shoe Flipflop Mule Sandal B07B4JMNN6 Parent , Women's Round Peep Clip Toe Wedge Heel Elastic T-Strap Metal Buckle Rhinestone Bohemia Roman Sandals Summer Beach... B01GJJCA12 ParentXianshu Women's Round Peep Toe Wedge Heel Sandals New Solid Color Sequins Summer Shoes B07FMTD3PC Parent
Fashion Thirsty Heelberry® Womens Ladies Low Heel Wedge Cork Sandals Silver Black Wedding Party Casual New B07CZFX7PL Parent , TIREOW Fashion Women Shallow Flat Heel Hollow Out Flower Shape Nude Shoes Pointed-Toe Shoes B07BZGWCSV ParentClearance Women Fashion Party Metal Rivet Ankle Strap Sandals Round Toe Block Heel Shoes B07F3W635V Parent
Mxssi Ladies Fashion Solid Color Flat Shoes Round Toe Single Shoes Crossing Strap Pumps Suede Sandals Closed Toe... B07GD6DLBV Parent , Ajvani Womens Ladies high Heel Platform Zip Cross Strap mesh Party Sandals Shoes Size B07FXYSJCP Parent , Lilley Womens Black T-Bar Block Heel Sandal B07CJT34V3 Parent
Womens Sandals ,Clode® Fashion Ladies Bohemia Beaded Y-Strap Extra Wide Flat Sandals for Holiday, Wedding ,Party B073W9PBK9 Parent , LongFengMa Ladies Fringe Peep Toe Zipper Rome Flats Sandals Shoes B071KR3DNV Parent , Ajvani Womens Ladies mid Low Block Heel peep Toe Ankle Strap Strappy Party Sandals Size B07DY3BNJN Parent , Fashion Thirsty Heelberry® Womens Ladies Fluffy Sliders Sandals Diamante Summer Furry Slides Mules Size UK B07BGXCW5H Parent , Minetom Women Sandwich Sandals Rhinestone Clip Toe Beach Shoes Elastic T-Strap Bohemia Flat Slippers Thongs Flip... B071DDGKNL ParentLolittas Summer High Block Heel Sandals Court Shoes for Women,Embellished Black Closed Point Toe Ankle Strappy... B07D9CS7NJ Parent
Zerototens Women's Flat Shoes Vintage Pointed Toe Low Heel Flat Sandal Shoes Elegant Pu Leather Cross-Tied Buckle... B07FFWB4XW Parent , Fashion Thirsty Womens Ladies Strappy Sandals Flat Low Block Heel Summer Open Toe Shoes Size New B01BF15YCG Parent , New!!! Vovotrade Women Vintage Sandals Summer Ladies Fashion Weave Bandage Flats Shoes Strap Beach Shoes Slippers... B07F2YYLTX Parent , Yours Clothing Wide Fit Women's Metallic Diamante Sandals In Eee Fit B079VGQVDB Parent , EYESONTOES Ladies Womens Flat Low Wedge Platform Heel Diamante Summer Sandals Shoes Size B07BJ87KQT Parent , Mitlfuny Womens Sexy Wedding Party Shoes Satin Crisscross Ankle Strap Evening Sandals Tie Up Gladiator Flat Sandals... B07CJBC9VD Parent , Lolittas Gladiator Sandals for Womens Ladies Sparkly High Block Heels Transparent Peep Toe Wide Fit Slingback... B07D3LJ36N Parent , Kolylong Rhinestone Sandals For Women Girls Ladies ✿ Spring Summer Sexy Bohemia Fashion Beach Home Party Club... B07CH7KWL8 Parent , Sale Bestoppen Womens Summer Fasion Platform Toe High Heels Shoes Ladies Ankle Strap Party Strappy Sandals Casual... B0791G6SC8 ParentLadies Womens Mid Wedge Heel Slip On Toe Post Summer Mules Sandals Shoes B07CGNKS1Z Parent
On the latest edition of Market Week in Review, Rob Cittadini, director, Americas institutional, and Chief Investment Strategist Erik Ristuben discussed the recent rise in oil prices amidst political unrest in Saudi Arabia.
Oil prices on the upswing as turmoil engulfs Saudi Arabia
The recent events in Saudi Arabia helped fuel a steep increase in oil prices across the globe the week of Nov. 6, Ristuben said—with the cost of U.S. West Texas Intermediate crude rising to nearly $57 a barrel, up from roughly $49 a month earlier. “Whenever there’s a potential change in tenure or political tone in a country, that creates volatility,“ he explained, adding that geopolitical risks very rarely have a lasting impact on markets.
That said, in Ristuben’s opinion much of the uptick in oil prices is better attributed to the health of the global economy. As evidence, he cited the upward adjustments to the estimated gross domestic product (GDP) growth rate in both Europe and the U.S. “This is further proof that the global economy is expanding,” he said—“leading people to begin pricing in a higher demand for oil.”
U.S. tax reform debate continues
Switching to the U.S., Ristuben noted that financial markets have been jittery in recent days as both houses of Congress continue to hammer out details of proposed tax cut legislation. “This serves as a stark reminder of just how hard it is to get anything done in the U.S. at the federal level, no matter which party is in control,” he said. Tax reform in particular is extremely difficult, Ristuben explained, because the economic makeup of the states or regions represented by members of Congress can vary wildly from one to the next. “This means that when you change the rules, there will be clear winners and losers,” he said.
Ultimately, Ristuben and the team of Russell Investments strategists believe that a tax reform package will get passed, likely in early 2018—but that it probably won’t be as ambitious in scope as what was originally laid out.
Global economy continues to shine—What could it mean for financial markets?
Transitioning to European economic news, Ristuben said that the continued surge in German industrial production was a high point for the week. The positive numbers are reflective of steady economic growth on a global scale, he said. “Overall, the latest data coming through has been consistently solid across the board—and markets have taken notice,” Ristuben stated.
He added that in his and other Russell Investments strategists’ viewpoint, this will likely translate into continued gains in the stock market—but that more volatility is also a possibility. “Negative pullbacks are common in equities—and we haven’t had one in a while,” Ristuben noted. “Don’t be surprised if one happens—and don’t be terrified either, because all things considered, I think the economy will continue to move forward.”
Watch the video or listen to the podcast. And subscribe.