Zormey Women'S Shoes Stiletto Heel Heels/Pointed Toe Heels Office &Amp; Career/Dress Black B072NH9DX3 Parent , Zormey Women'S Shoes Stiletto Heel /Pointed Toe Heels/Party &Amp; Evening/Dress Black/Red/Almond B072NHK2H8 Parent
KYDJ Non Kids' Dance Shoes Latin/Salsa/Flamenco/Samba Leatherette/Synthetic Low Heel Silver/Gold B072PCQJ4H Parent , LvYuan Women's Summer Sandals / Platform Leather / Fashion / Party & Evening Dress / Stiletto Heel / Shoes B072NZ63DJ Parent
Zormey Women'S Shoes Pu Chunky Heel Heels /Round Toe Heels Outdoor / Office &Amp; Career / Dress Black / Pink... B072NHRH6Z Parent , Onfly Pumps Casual Shoes Loafer Women's Simple Fasion Leather Pointed Toe Flat Shoes Court Shoes Eu Size 34-40 B072P25668 Parent , Onfly Pump Scarpin 11cm High-Heeled Women's Rivets Gem Comfortable Charming Stiletto Ol Work Shoes Court Shoes B072P2DVDJ Parent
KYDJ Women's Dance Shoes Salsa Satin Low Heel Black / Pink / Red B072PC6LN2 Parent , KYDJ Women's Dance Shoes Latin/Salsa Satin Heel Black/Blue/Red/Silver/Gold/Leopard/Other B072PCV9CM Parent , KYDJ SUN LISA Women's Dance Shoes Latin / Salsa Satin Heel Black / Brown / Purple / Red / Other B072PCV98T Parent , KYDJ Women's Dance Shoes Latin/Salsa Satin Heel Black/Blue/Brown/Red B072PD5VXS Parent , KYDJ Women's Dance Shoes for Latin/Salsa /2 Colors B072PCZR7S ParentKYDJ Women's Dance Shoes Latin Patent Leather / Sparkling Glitter / Paillette / Synthetic Cuban HeelBlack / Red... B072PHQMYN Parent
KYDJ Women's Dance Shoes Latin/Salsa Satin Heel Red/Silver/Gold B072PD5VXT Parent , KYDJ Women's Dance Shoes Latin Sparkling Glitter / Paillette / Synthetic Cuban Heel Black / Silver / Gold / Multi-color B072PHQV4L Parent , KYDJ SUN LISA Latin Salsa Women and Kids' Sandals Chunky Heel Satin Buckle Dance Shoes (More Colors) B072PD5VZB ParentPump 12cm Stiletto Scarpin High-Heeled Hollow Sandals Dress Shoes Court Shoes Women Simple Pointed Toe Hollow... B072PP6YZ3 ParentPump 11cm Stiletto Scarpin High-Heeled Sandals Removable Ankle Straps Roman Sandals Dress Shoes Women Simple Open... B072PP4SHF ParentPink Sandals Shoes, Women and with Holiday Beach Shoes Sandals B072PPSBFQ Parent
Women Peep Toe Punps Slingback 2017 Summer New Matte Suede T-Strap Buckle Coarse Sandals Female High-Heel Roman... B072PP8CS8 Parent , Women Peep Toe Ankle Strap Platform Wedge 2017 Summer New Leather Thick Sandals Female Velcro High Heel Shoes B072PT5C24 Parent , Cool Slippers Clip Toe Pearl Rivets Flat Sandals Casual Shoes Women Summer Open Toe Anti-Skid Beach Shoes Eu Size... B072PS3XJF Parent , Man's/Woman's Thick,Heel,High,Heeled,Shoes,,Summer,Sandals,,Pearls,,High,Heels,In,The,Mouth B072R46JK2 Parent flagship store Sufficient supply a lot of varieties , TMKOO& Latin dancing shoes female adult high-heeled sandals summer soft soldering dancing shoes square dancing... B072PTBNHG Parent , Gentlemen/Ladies Female,High-Heeled,Shoes,With,A,Thick,Hollow,Shallow,Mouth,Black,All-Match B072R58PGC Parent Reasonable price Good market Excellent workmanship , Gentleman/Lady High,Heel,Shoes,,Summer,Heel,Thin,Heel,High-Heeled,Sandals B072R4ZD65 Parent durability Brand Seasonal promotion , Zormey Women'S Heels Spring Summer Club Shoes Leatherette Party &Amp; Evening Dress Chunky Heel Buckle Blue Yellow... B072R5FJQR ParentMen's/Women's Waterproof,Table,,Ladies,Sandals,,Women'S,Hasp,,High-Heeled,Shoes,,Fish,Mouth B072R5BNBH Parent Great variety Price reduction Easy lifeMan's/Woman's Sandals,,Summer,Adhesive,Shoes,,High,Heels,,Pure,Color,,Heel,And,Toe B072R5MPL5 Parent feature Quality First Speed refund
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.