Xue Qiqi Court shoes Square flat shoes flower shallow mouth hollow flat shoes luxury satin shoes, 37, black B07F71JZKX Parent
Xue Qiqi Court shoes Round low-heeled female deep-mouthed shoes women's shoes shoes, 38, white B07F71K83B Parent , Xue Qiqi Court shoes Pointed flat shoes Shallow mouth butterfly flat with shoes Navy female shoes, 36, blue B07F71JZL9 ParentXue Qiqi Court shoes High-heeled shoes with chunky heels and women's shoes with wild red heel, 38, red B07F71LR3F Parent
Xue Qiqi Court shoes Flat shoes shallow mouth flat with shoes women's low with wild casual shoes women's shoes... B07F71KL4R Parent , Xue Qiqi Court shoes Square Flat Flat Pumps Flat Heel Shoes Pink Ribbon Butterfly Shoes Low Heel 38, White B07F71MK9W Parent , Xue Qiqi Court shoes Hole shoes female pointed flat shoes hollow ladies shoes shallow mouth with low shoes, 39... B07F71MK9Z Parent , Xue Qiqi Court shoes Leather shoes women high heels suede fine with low-heeled square head commuter work shoes... B07F71N6DQ ParentXue Qiqi Court shoes Round Flat Flat Pumps Flat Heel Shoes Mixed Color Butterfly Four Shoes Low Heel Shoes 37,... B07F71NN8Z Parent
Xue Qiqi Court shoes Female Flat Heel Flat Pumps Shallow Beaded Rhinestone Casual Shoes Four Shoes Women's Shoes... B07F71NVBY Parent , Xue Qiqi Court shoes Round Flat Pumps Flat Pumps Women's Mesh Sets Low Toe Shoes 36, Blue B07F71P5MP Parent , Xue Qiqi Court shoes Square Flat Flat Pumps Flat Heel Shoes Pink Ribbon Butterfly Shoes Low Heels 37 White B07F71PM7G Parent
Xue Qiqi Court shoes Round low-heeled female deep-mouthed shoes women's shoes shoes, 36, white B07F71TNZB Parent , Xue Qiqi Court shoes Square Flat Pumps Butterfly Pump Rhinestone Buckle Flat Heel Shoes, 36, Green B07F71W34C ParentXue Qiqi Court shoes Shallow mouth flat heel shoes Flat shoes Lady simple solid color low heel shoes, 37, black B07F71W9J2 ParentXue Qiqi Court shoes Square flat shoes flower shallow mouth hollow flat shoes luxury silk satin shoes 38, apricot B07F71W9ZN ParentXue Qiqi Court shoes Square Flat Flat Pumps Butterfly Flat Heel Single Shoes Women's Low-heeled Leather Comfortable... B07F71WV2P ParentXue Qiqi Court shoes Pointed flat shoes Shallow mouth flat shoes With women's low-heel hole shoes Casual shoes... B07F71WV2Q Parent
Xue Qiqi Court shoes Pointed Flat Pumps Flat Pumps Women's Corduroy Scoop Shoes Low Heel Shoes, 35, Black B07F71XG1S Parent , Xue Qiqi Court shoes Square Flat Flat Pumps Flat Pumps Women's Ribbons Butterfly Four Shoes Low Heel Shoes 36,... B07F71XQ1J Parent
Xue Qiqi Court shoes Pointed flat shoes with flat shoes women's four shoes leather shoes, 37, green B07F71YZVB Parent , Xue Qiqi Court shoes Single shoes female head leather high heels butterfly embroidery flower suede high heels... B07F72CLXP Parent
Xue Qiqi Court shoes Single shoes female flat shoes shallow mouth hollow flat shoes with mixed colors low-low... B07F72D9ST Parent , Xue Qiqi Court shoes Round-toe Flat Pumps Flat Butterfly Flats Low-heeled suede Shoes, 36, Grey B07F72DZHC ParentXue Qiqi Court shoes Square flat shoes Flat mouth flat shoes Women's low-heeled butterfly shoes 39, apricot B07F72FM63 Parent
Xue Qiqi Court shoes Square flat flat shoes with flat shoes Women's low-heel casual shoes Women's shoes, 39, black B07F72F7PJ Parent , Xue Qiqi Court shoes Round Flat Flat Pumps Flat Butterfly Shoes Flat Low Heel Suede Shoes, 37, Grey B07F72G353 ParentXue Qiqi Court shoes Pointed Flats Flat Heel Shoes Women's Four Shoes Leather Shoes, 36, Black B07F72HZC4 ParentXue Qiqi Court shoes Pointed flat shoes Shallow mouth butterfly flat with shoes Navy striped shoes, 37, brown B07F72HZCS 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.