Xianshu Women Sexy Metal Buckle Sandals Rough Heel Mid Heels Pointed Shoes Pumps B073XL97Y1 ParentHit Hot Ladies Patent Red Tartan Shoes, Size 40 B07662T2WF Parent
Mustang Women's 55496 Court Shoes B0762PMPCD Parent , Marks & Spencer M&S Black Fashion Jewel Pom Pom Court Shoes Party Peep Toe Celeb Style Ex Stock B0771QFPHK ParentHit Hot Ladies Blue Denim Bow Shoes, Size 39 B07663BXWD ParentBovake Summer Women Sandals, Women Flat Elasticity Sandals Peep-Toe Outdoor Shoes - Bohemia Beach Sandals Wedges... B079FQZDZ8 Parent
Pale Blue T-Bar Pointed Toe Court Shoes with Medium Heel B079XW4MXC Parent , Women Ladies Matte Surface Slip On Flat Sandals - Solid Color Flat Shoes Single Shoes - Casual Shoes Solid Fashion... B079M9Z8CK Parent , Women's Eye Leather Mid-Heel Court Shoes G 79 B079LPB31V Parent , Womens Black Court Shoes Ladies Mid Heel Smart Work Heels Sz Size 3 4 5 6 7 8 B013I4EZ8M Parent , Womens Ladies Faux Leather Kitten Heel Pointed Toe Fashion Pumps Court Shoes - K56 B079MJCPWS Parent , squarex Lovely Summer Women Shoes Pointed Pumps Shoes High Heels Shoes Wedding Stiletto Shoes (4 UK/ Foot Length... B078Z7R617 Parent
New Look Kenny Stud, Women's Closed-Toe Pumps B010IKT87M Parent , Agodor Womens Mid Chunky Heel Patent Leather Court Shoe With Bowtie Cute Dress Party Shoes B079FSP3PL Parent , Agodor Womens Platform Block Heel T Strap Court Shoes With Bowtie Cute High Heels Buckle Party Pumps B079GVVNWR ParentAgodor Womens Mid Block Heel Ankle Strap Court Shoes With Rivets Elegant Pointed Toe Buckle Summer Pumps B07B7KK5ZD Parent
Atyche Women's High Heels Patent Leather Court Shoes Elegant Pointed Toe Slip-On Stiletto Summer Work Shoes B07BNMRMQF Parent , Artfaerie Women's High Heels Ankle Strap Court Shoes D'Orsay Elegant Pointed Toe Sandals Summer Party Pumps B07C6VS4TW ParentArtfaerie Women's Platform High Block Heels T-Bar Court Shoes Peep Toe Sandals Strappy Summer Pumps B07C5QJSXL Parent
Artfaerie Women's Block High Heels Court Shoes Ankle Strap Platform Pumps Wedding Shoes B07FKKR3MY Parent , YE Women's Pointed Toe Ankle Strap High Heel Stiletto Party Dress Court Shoes B07DG823B7 Parent , 1TO9 Womens Solid Burnished Business Urethane Pumps Shoes MMS06131 B07GJQYZYG Parent , Renly Womens PU Leather Slip On Work Shoes Party Dress Pumps B07GB7RJFZ Parent , 1TO9 Womens Assorted Colors Casual Urethane Pumps Shoes MMS06218 B07GSLTS8D Parent , 1TO9 Womens Ruched Solid Casual Urethane Pumps Shoes MMS06197 B07GR1LP2V Parent
Formulaone 2017 Summer Fashionable Sexy Women Sandals Beautiful Ladies Female High Heels Pointed Toe Party Wedding... B07H1F5GK7 Parent , Wealsex Women Ladies Kitten Heel Court Shoes Slip On Office Work Pumps Formal Dress Shoes Wedding Comfort B07GVGMXYN Parent , Mr/Ms ANNA FIELD Women’s High-Top B079YB5XHT Parent Cheap fashionable Different styles and stylesAN Womens Spikes Stilettos Platform Pointed-Toe Urethane Pumps Shoes DGU00651 B07H47ZFXL 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.