Sandals ZHIRONG Summer Women's Waterproof Platform High Heel Open Toe Fish Mouth Shoes Fine Heel 10CM (Color :... B07D5FPWZQ Parent , YQQ Flat Shoes Girl Female Shoes Women's Sandals Lady Low Heels Shallow Mouth Single Shoes Fashion Cozy (Color... B07D5GFHGN ParentYQQ Female Shoes Women's Sandals Girl Lady Mid Heel Round Head Shallow Mouth Single Shoes Fashion Cozy High Heels... B07D5GGJSR Parent
Women'S Slope Heel Sandals Summer Ladies Wedge Shoes Casual Sandals Thick Waterproof Table Elegant High Heels... B07D5GHJ4L Parent , Ren Chang Jia Shi Pin Firm Girls' Shoes Sandals Summer Ladies Wedge Sandals Open-Toe Leather Shoes Heel Sandals B07D5GRLQH Parent , GAIHU Marriage die collet sandals shoes tribunal bride Ladies Ankle Strap Rhinestone Gown know spring evening... B07D5GZ3LV Parent
GAIHU Women Shoes high heels sandals for women ankle strap loops party dress pumps Pumps size 40-49 B07D5H7KSD Parent , GAIHU Ladies Ladies peep toe stiletto sexy ladies high heel sandals shoes gold Prom Night party bride size B07D5HCYGL Parent , GAIHU Ladies Ladies peep toe stiletto sexy ladies black high heel sandals shoes size bride Prom Night Party B07D5HJ85Q Parent , Ren Chang Jia Shi Pin Firm Girls' Shoes Sandals Summer Casual Open-Toe Leather Shoes Wedge Heel Sandals B07D5HLQPS Parent
GAIHU Marriage Bride White Dress High Heel Shoes Ladies Rhinestone Ankle Strap Platform spring evening ladies... B07D5HWQ3W Parent , GAIHU Marriage bride closed-toe shoes pumps women Platform High Heel Rhinestone Prom Night Ladies pumps B07D5J99QS Parent
GAIHU The sexy women Strappy Ladies peep toe stiletto high heel sandals shoes black rivet Party Dress night club B07D5RCWWY Parent , GAIHU The sexy women ladies sandals stiletto high heel shoes buckle peep toe ankle strap black Rhinestone B07D5RFCR4 Parent , GAIHU The sexy women Chunky High Heel Sandals Strappy peep toe Strappy Leopard ladies shoes B07D5RGBGR Parent , GAIHU Ladies sexy ladies stiletto high heel sandals shoes platform peep toe buckle cross straps black Party Dress... B07D5RHKZT ParentGAIHU Women Sandals High Heels peep toe Strappy Stiletto Strappy Sandal black red Ladies Pumps shoes size 40-49 B07D5RHZWN ParentGAIHU Ladies Ladies sandals peep toe sling back mid-ANKLES cross straps chunky rough block heel shoes black B07D5RKZ6X Parent
GAIHU Ladies Ladies has dismissed toe sling back Sandals Strappy casual shoes mid high heel pumps pumps of the... B07D5RMD4T Parent , GAIHU Women Sandals High Heels shoes for women in black red cross platform Ladies Ankle Strap Buckle Stiletto... B07D5RMLQT Parent , GAIHU Ladies Ladies Summer T-tome rhinestone flip-flops flat sandals of Bohemia bathing shoes B07D5RNT7S Parent , GAIHU Ladies Ladies Summer T-strap Sweet Flower rhinestones flat flip-flops sandals of Bohemia bathing shoes B07D5RNV8S ParentGAIHU The sexy women strappy peep toe stiletto high heel sandals Gold Rhinestone ladies shoes zipper Party Dress... B07D5RQV47 Parent
GAIHU Ladies Ladies die collet high heel sandals platform the ankles cross strap shoes peep toe Red Summer party... B07D5RR159 Parent , GAIHU The sexy women strappy peep toe Chunky High Heel Platform Sandals Shoes Ladies marriage party dress night... B07D5RT4LB Parent
GAIHU Ladies sexy ladies stiletto high heel sandals shoes peep toe ankle strap buckle serpentine black party dress... B07D5RV58J Parent , GAIHU The sexy women ladies High Heel Sandals Strappy peep toe stiletto shoes Party Dress night club B07D5RV591 Parent
GAIHU The sexy women ladies High Heel Sandals Strappy peep toe stiletto shoes rubbing blue buckle B07D5RV593 Parent , GAIHU The sexy women strappy peep toe stiletto high heel sandals of the black gold ladies shoes Party Dress night... B07D5RV7PL 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.