GTVERNH-Female High-Heeled Shoes With A Fine Pointed Shallow Mouth All-Match Spring New Cat With Shoes Black Diamond... B078NL1F2L Parent
GTVERNH-Mama Shoes National Wind Soft Bottom Women Shoes Medium Shoes And Old Shoes In The Old Shoes And Leather... B078NML7KY Parent , GTVERNH-Autumn And Winter Printing Short Boots With Mother Cotton Shoes Soft Bottom National Wind Female Boots... B078NL1G8X Parent , GTVERNH-Cotton Shoes Children Shoes New Super High Heels Boots And Boots With A Fine Naked British Style Boots... B078NL6S65 Parent , GTVERNH-Waterproof Leather Pointed High-Heeled Shoes Color Shallow Mouth Fine Documentary Shoes Fashion Shoes... B078NMG28M Parent
GTVERNH-Black High Heels 12Cm Fine Documentary Shoes Waterproof Taiwan Party Hentian High Shallow Mouth Sexy Wedding... B078NLQ2FM Parent , GTVERNH-Water Drill High Heel Top Shoes Suede Fine And Short Boots Autumn And Winter New Fashion Martin Boots... B078NLQK42 Parent , GTVERNH-South Korean High Heel Shoe Female Fine Heel Spring New Suede Stripe Bow Bow Shallow Mouth Shoe Shoes... B078NLQ3GW Parent , HXVU56546 Winter New Women'S Shoes Cotton Flat Non-Slip Warmth Plus Velvet Boots Thicker B078MTD48D Parent
GTVERNH The New Boots Leather Boots In Elderly Female Folk Style Autumn And Winter With Cashmere Single Mother... B078NLTY2J Parent , GTVERNH-High Heels With A Fine Female Female Writing The New Version Of Autumn Deep Rhinestone Ol Shoes Women'S... B078NMDD3M ParentGTVERNH-Autumn And Winter Shoes Folk Style Boots Mother Shoes Cotton Boots And Leather Boots Printing B078NLV2MG ParentGTVERNH-Old Mama Shoes Boots Folk Style Boots Shoes Cotton Shoes Short Barrel Single Boots In Spring And Autumn B078NMCMN7 Parent
GTVERNH-Baotou Women'S Shoes With Handmade Soft Bottom Of National Wind Women'S Shoes And Cool Leather Shoes With... B078NMD1FC Parent , GTVERNH-Leather Round Flat Casual With Cashmere Boots Soft Bottom Shoes Comfort Mother Shoes Old Shoes B078NMFG8R Parent , HXVU56546 Winter Boots Ladies' Shoes With Flat Plus Velvet Padded Warm Cotton Shoes B078MRTZDZ Parent
GTVERNH-A New Summer Fashion Female Slippers Embroidered All-Match Sandals Beach Shoes Slip Slope With Female... B078NMGG55 Parent , GTVERNH-Martin'S Winter Boots Thick Bottom Waterproof Boots Children Boots High-Heeled Shoes Bottine Fine With... B078NMXKFY Parent , GTVERNH-Retro Handmade Folk Wind Women Shoes And Short Boots With Coarse Heels And Cotton Boots And Mama Cotton... B078NMLX68 Parent , GTVERNH-Single Shoe Autumn Women'S Shoes New Korean Edition Professional Ol Heels Water Drill Sexy Fashion Ladies... B078NMRBSV ParentGTVERNH-The Winter Cotton Padded Shoes Female Short Boots Cotton Boots Shoes And Cashmere With Coarse Mother Thickened... B078NMM57B Parent
GTVERNH-Slope Heel Shoes Leather High Heel Mother Shoes Spring And Autumn Leisure Handmade Single Leather Shoes B078NMXLTX Parent , GTVERNH-Spring And Autumn Women'S Single Shoes Wristband Clasp High Heel Heels And Women Shoes Middle Aged Mother... B078NMQT1C Parent , ZHZNVX HSXZ Women's Shoes Nappa Leather Winter Fall Comfort Boots Chunky Heel Closed Toe for Casual Brown Gray... B078MPH7ZY Parent , GTVERNH-Folk Style Leather Shoes Round Leather Soft Leather Soft Bottom Shoes Asakuchi Mother B078NMRBSY Parent , GTVERNH-High Heel Single Shoe Woman Spring New Deep Mouth Woman Shoes Thick Heel Of European And American Round... B078NMGT22 Parent
GTVERNH-Polo Boots Boots Boots All-Match Martin Mother Boots Female Boots With Thick Leather Shoes And Single B078NMRBT4 Parent , GTVERNH-Folk Style Boots Soft Bottom Retro Handmade Flower Printed With Autumn And Winter With Coarse Mother Shoe... B078NMS6SG Parent
GTVERNH-Spring And Autumn National Wind Women'S Shoes Handmade Soft Leather Shoes And The Old Shoes Of The Old... B078NMXFJK 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.