ZHZNVX HSXZ Women's Shoes Fleece Winter Fall Fashion Boots Bootie Boots Null Chunky Heel Round Toe Booties/Ankle... B07929TG63 Parent , ZHZNVX HSXZ Women's Shoes Nubuck leather Winter Fall Fashion Boots Boots Chunky Heel Pointed Toe Thigh-high Boots... B07929TH98 Parent
ZHZNVX HSXZ Women's Shoes Nubuck leather Winter Fall Fashion Boots Bootie Boots Chunky Heel Round Toe Booties/... B0792B68XX Parent , ZHZNVX HSXZ Women's Shoes Fleece Winter Fall Fashion Boots Bootie Boots Chunky Heel Round Toe Booties/Ankle Boots... B0792BJKYH ParentZHZNVX HSXZ Women's Shoes Leatherette Winter Fall Fashion Boots Boots Chunky Heel Round Toe Over The Knee Boots... B0792F8H1T ParentZHZNVX HSXZ Women's Shoes Leatherette Winter Fall Snow Boots Fashion Boots Bootie Boots Null Flat Round Toe Booties... B0792F8HZV Parent
ZHZNVX HSXZ Women's Shoes Nubuck leather Winter Fall Fashion Boots Boots Low Heel Round Toe Booties/Ankle Boots... B0792KPGLH Parent , FLYRCX Spring and autumn season lady temperament fashion high heels high heels and shallowly single shoes B0792M3C1X ParentKPHY-Fine With Xi Shi Velvet Single Shoes Light Nozzle Tip Simple 7Cm High Heeled Shoes And Versatile Fashion... B0793L1798 Parent
FLYRCX European spring and autumn season women's single shoe personality gold sequins and shallow party high heels B0792N5KVY Parent , KPHY-Black 8.5Cm High Heeled Shoes Spring And Autumn Thick Satin Metal Clip Tip In The Light Of The Single Shoes B0793LR82V Parent , KPHY-Matt Tip Water Drill Hooks High Heeled Shoes 9Cm Single Female Thin And Light Bow Tie The New Spring. B0793KRW5X ParentKPHY-A Simple Tip Spring 8.8Cm High Heeled Painted Leather With Fine And Versatile Set Of Scripts Shallow Mouth... B0793L32H4 Parent
KPHY-High Heeled Shoes In The Spring Of 7Cm Girl Fine Tip With A Single Shoe Metal Party Ties The Velvet Light... B0793KX8M9 Parent , KPHY-Spring Tip Rough With Single Shoes Female Wild Grid In Light Of The High Heel 6.5Cm Spell Color Women'S Shoes B0793L5VSW Parent
KPHY-Tip 10Cm High Heeled Shoes Metal Round Buckle Is Decorated With A Thin Black Shoes Wild In Light Of Women'S... B0793KYL1X Parent , KPHY-The Butt Colored Tip Spring Single Shoes Female Of High Heeled Shoes With 7Cm Light Grid Of The Women'S Shoes B0793LGG9N Parent , KPHY-High Heeled Shoes In The Spring Of 10Cm Single Shallow Water Drilling Matt Followed By Fine With That Wild... B0793LBQMD Parent , KPHY-Spring Tip Fine With A Tie The Water Shallow Mouth Single Shoes Satin 7.5Cm High Heeled Wedding Shoes Wild... B0793L179G Parent , KPHY-In Light Of The Spring Spell Color High Heeled Shoes 7Cm Vertical Stripes Tip Wild Rough With Single Shoes... B0793LCDZ4 ParentKPHY-Spring Tip Painted Leather Waterproof Is Fine With The High Heel 10Cm Single Shoes Red Wedding Shoes B0793L32GR Parent
KPHY-Sparkling Party For Water Drilling Single Women Shoes In The Spring The Velvet Tip Wild Light Thick With... B0793LLTMM Parent , KPHY-Spring Tip 8.2Cm High Heeled Shoes Thin And Flat Empty Wild Water Drilling Shallow Mouth Single Shoes B0793L32N5 ParentKPHY-6.5Cm High Heels Girl Fine Tip With The Light Of The Spring Wild Cats And Shoes Orange Water Drilling Marriage... B0793LKTZG Parent
KPHY-Grid Point 9Cm High Heeled Shoes Woman Thin And Versatile Thin And Light With Single Spring And Autumn Shoes B0793LBQKV Parent , KPHY-The Texture Of The Spring Shoes Tip The Fine High Heeled Shoes With 9Cm The Light Of The Single Shoes Wild... B0793KYWPK Parent , KPHY-Spring Fine With High Heeled Shoes Female 8.5Cm Tip Light Of Pearl Insets Wild Women'S Singles Shoes B0793LC2YW Parent , KPHY-Autumn And Winter Plush Satin Single Shoes Tip Video Thin Fine With Water Drilling In Light Of The High Heel... B0793KZ2SZ Parent , KPHY-Wild Velvet Drill To Tie Tip Fine With Single Shoes The Light Of The High Heel 7.5Cm With Black Women'S Shoes B0793LCF2X 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.