OME&QIUMEI On The Outside Of The Summer Summer Beach Wear Beach Sandals Slippers Women Shoes B07CJQYS3P Parent
OME&QIUMEI On The Slopes With Ladies Sandals Shoes White Nurses Skewers Slippers Thick Outer Wear Women'S High... B07CKQ75XD Parent , OME&QIUMEI Slippers Summer Beach Sandals Slope With Thick High-Heel Shoes Summer Sandals Wear Women'S Shoes B07CJV7Z93 Parent , OME&QIUMEI Thick Outdoor Slippers Summer Summer Beach Sandals Female Shoes Slope With Sandals B07CKTSKHH Parent
OME&QIUMEI Low And Flat-Bottomed Slippers Children Form Through The Summer Season Students Beach Sandals Slippers... B07CKS2QNG Parent , OME&QIUMEI Bold And In The Summer Sandals Female Outdoor And Sandals Women'S Shoes B07CKTWHGX Parent
OME&QIUMEI Slippers Girls Wear Shoes In The Summer With Bold Shoes B07CKTV4NC Parent , OME&QIUMEI Beach Sandals Slippers Women Shoes Summer High-Grade Shoes Women Sandals B07CKVKLV4 ParentOME&QIUMEI In The Summer The Female Slippers Summer Sandals To Wear High Shoes B07CKVB2NR Parent
OME&QIUMEI High-Heeled Slippers Summer Girls Wear Sandals In The Summer The Girl Shoes B07CKVS415 Parent , OME&QIUMEI Women Shoes Sandals Summer Summer Wear Beach Sandals Sandals Slippers B07CKW1TKQ Parent
OME&QIUMEI Thick Shoes Women Summer Slope Beach Sandals Wear A Set Of High-Heel-Toe Slippers B07CKXNJMY Parent , OME&QIUMEI In Summer The Outdoor Cold Slippers Female Summer Coarse Sand Beach With Women'S Shoes Sandals Wear... B07CKW8JGZ Parent , OME&QIUMEI Spring Hill With Drag And Women With Thick Slippers Summer Wear Shoes Outside The Code. B07CNHN9LS Parent , OME&QIUMEI Summer Sandals Female Thick Beach Shoes To Wear Outside Of Colombo With Cold And Waves. B07CKYB2QZ Parent , OME&QIUMEI Beach Shoe Slippers In Summer B07CQRM5LC ParentOME&QIUMEI Thick Outdoor Slippers Summer Female Shoes Summer Sandals Beach Sandals With Slope. B07CNKPJ2R Parent
OME&QIUMEI Flat-Bottomed Out In The Summer Of Summer Wear Away Outdoor Beach Sandals Slippers Women Shoes B07CNMD8N8 Parent , OME&QIUMEI High Heeled And Cold Slippers Women Wear Sandals And Shoes In Summer B07CQG2WYB ParentOME&QIUMEI Slippers Beach Sandals To Wear In The Summer Of Summer Outdoor Shoes With High Drag And Drop B07CNN124S Parent
OME&QIUMEI Slippers Summer Sandals Ladies' Wear Beach Slippers Non-Slip Women'S Shoes Sitting Slippers B07CNTM9F1 Parent , OME&QIUMEI Thick Slippers Outdoor Wear Summer Sandals Women'S Shoes Beach Shoes Summer Sandals B07CNN7QZP Parent , OME&QIUMEI Summer Cool Slippers Sandals High Heel Shoes In Spring And Summer B07CQSPK3J Parent , OME&QIUMEI With The Cold On The Slopes And Ms. Shoes To Wear In The Summer Season Slotted Terrace And Beach High-Heel... B07CNNWBRJ Parent
OME&QIUMEI Spring Lady With Thick Soled Sandals Slippers Summer Wear Platform Shoes A Drag B07CQLVGHV Parent , OME&QIUMEI Slippers Summer Sandals Women Wear Beach Sandals Female Shoes B07CNPNV8R Parent , OME&QIUMEI Spring Summer Beach Sandals Female Shoes Half-Sandals Slippers Thick Breathable B07CNN425L Parent
OME&QIUMEI Indoor Bathing Antiskid Shoes For Ladies In Summer B07CQFYZ8N Parent , OME&QIUMEI Summer Beach Shoe Woman Seashore Thick Bottom Shoe Slippers B07CQPN986 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.