YMFIE European style high heeled toe print sandals summer with fine sexy high-heeled shoes. B07DGY73PB Parent , XYJHER Sandals Women'S Sandals Women'S Shoes,High Heel Sandals, Ankle Straps, High Heel Sandals, Summer Fashions... B07DGYQJJW Parent , XYJHER Sandals Women'S Sandals Women'S Shoes,Butterfly Wedge With Sandals, Thick Bottom Slippers, Women'S Sandals... B07DGZRJ55 Parent , KPHY Women's shoes/new/Summer Medium Heel Sandals Fashion Soft Bottom Middle Age 7Cm Rough Heel Fish Mouth Sandals. B07DH4VF31 Parent , GTVERNH Women'S Shoes/Autumn Textile Satin Hollow Pointed Shoes Retro Medium And Low Heels Sandals Sandals Shallow... B07DHFZ63L Parent , KPHY Women's shoes/new/Fine Heel Sandals Summer Wild Word Belt Pointed Sexy 9Cm High Heel Shoes Women'S Shoes. B07DH57ZFD Parent , GTVERNH Women'S Shoes/Summer Rough Baotou Sandals Medium Low Heel Pointed Shoes Buckled Empty Single Shoes Female B07DHG53K1 ParentKPHY Women's shoes/new/In Summer Slope Heels High Heels Waterproof Tables Sandals Toes Muffins Follow Cross 13Cm... B07DH65PBL Parent
HY Female Sandals Summer Open-Toed high Heels Butterfly Diamond Word Buckle Women's Shoes B07DHCPGSM Parent , KPHY Women's shoes/new/In Summer Slope Heel Muffin Bottom 7Cm Sandals Middle Heels Fish Mouths Sandals And Toes. B07DH6R135 ParentGTVERNH Women'S Shoes/Fashion Hollow Sandals Autumn Shallow Mouth Thin Heel Single Shoes Pointed Shoes Women'S... B07DHGBFCP Parent
HY Summer Slope with Women's Sandals High-Heeled Waterproof Platform with Pearl Fashion Trumpet Shoes B07DHDFQKB Parent , Sandals Pink Women Comfortable Platform Shoes Elegant Wedge Open Toe High Heels (Color : Pink 12cm, Size : 39) B07DHK4S4N Parent , ZFYSS Summer Fine Sandals Sandals Girls Thin Heels 10M High Heels Water Drill Toes Zippers Women'S Shoes. B07DHF69S9 Parent
KPHY Women's shoes/new/Crystal And Toe Sandals Sandals Heels 12Cm High Heels Fish Mouths Hollowed Out Gauze. B07DH6668F Parent , GTVERNH Women'S Shoes/After Air Sandals Summer Thin Heels 6Cm High Heels Rivets Buckles Women'S Shoes. B07DHFMLBW Parent
GSCshoe Women's Leather Woven Hemp Shoes Minimalist with Breathable Soft and Comfortable Sandals B07DHMGPDS Parent , GTVERNH Women'S Shoes/A Pair Of Shoes Two Wear Sandals Summer Rough Heels 7Cm High Heels Fashion Wear Women'S... B07DHFYDNW Parent
YMFIE European style high heeled slippers summer ladies with sexy sexy toe toe sandals party shoes B07DHMYXCQ Parent , GTVERNH Women'S Shoes/9Cm High Heels Sandals Thin Heels Belt Toes Summer Hollow Joker Women'S Shoes B07DHG1BCK ParentKPHY Women's shoes/new/Spring 18Cm High Heel Fish Mouth Sandals Waterproof Platform Hollowed Out Women'S Shoes. B07DH52DX1 Parent
GTVERNH Women'S Shoes/Slippers Sandals Joker Thick Bottomed 9Cm High Heels Slope Heels Toes. B07DHGBC5D Parent , YUBIN Spring and Summer with A Single Shoes Round High Heels Behind The Zipper Deep Mouth Diamond Decoration Commuter... B07DHJ1VT7 Parent , GTVERNH Women'S Shoes/Slope Heel Sandals Summer Thick Bottom Waterproof Platform Belt Toes Women'S Shoes Joker... B07DHGGGBC Parent
GTVERNH Women'S Shoes/Summer Muffin Thick Bottom Heighten Sandals Retro Fringes Women'S Shoes B07DHFS7C6 Parent , Aa-nvliangxie Women'S Shoes 2018 Summer New Black One With Fish Mouth Sandals 40 Yards B07DHH7S2P Parent , KPHY Women's shoes/new/Super High Heel Summer Sandals Frosted Fine Heel 14Cm Super High Heel. B07DH5WZXV Parent , Women'S Shoes,New Summer Fish Mouth Cross Straps,Rough Heels And Sandals. B07DHHPL6J Parent
GTVERNH Women'S Shoes/Retro Women'S Shoes Rough Heels Sandals Hollowed Out Summer Soft Bottom Dancing Shoes Cave... B07DHGGV3T 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.