Allhqfashion Women's Studded PU Low-Heels Elastic Open-Toe Sandals B07GZPZK3L ParentAllhqfashion Women's Buckle Kitten-Heels PU Solid Peep-Toe Sandals,FBULD014743 B07GZPLCBQ ParentAllhqfashion Women's Low-Heels Frosted Solid Buckle Open-Toe Sandals, FBULC013138 B07GZPZMNH Parent
Allhqfashion Women's Solid PU Kitten-Heels Closed-Toe Buckle Sandals, FBULC013051 B07GZPZM44 Parent , Allhqfashion Women's Split-Toe Pu Low-Heels Buckle Solid Sandals B07GZQMRHX Parent , Allhqfashion Women's Open-Toe Low-Heels PU Solid Buckle Sandals, FBULC012901 B07GZPZNGY Parent , Fuxitoggo Beaded Sandals Women Clip Toe Beaded Bohemian Large Size Flip Flops (Color : Green, Size : UK 6.5) B07H184YSS Parent , Fuxitoggo Sandals (Color : Beige, Size : UK 8.5) B07H15PSNF Parent , Man's/Woman's Sole Gracia Sandals Taupe B07H1PLY29 Parent selling price discount price Fine wild , 1TO9 Womens Assorted Colors Mule Travel Urethane Walking Shoes MMS06281 B07H18BKV1 Parent , Aimint Womens Embroidered Printing Applique Urethane Slides Sandals EYR00332 B07H1Q9X1T Parent
Qiusa Roman Sandals Women Zipper Buckle Beaded Clip Toe Shoes (Color : Black, Size : UK 6.5) B07H1R2BVP Parent , Qiusa Leather Sandals Women Platform Peep Toe Hollow out Beach Shoes (Color : White, Size : UK 5.5) B07H1R8H3S Parent , Qiusa Rhinestone Sandals Women Zipper Peep Toe Block Chunky Shoes (Color : White, Size : UK 3.5) B07H1RC2WD Parent , Qiusa Flower Sandals Women Bohemia Clip Toe Flat Elastic Strap Shoes (Color : Pink, Size : UK 6.5) B07H1RD6D9 ParentQiusa Bohemian Sandals Women Clip Toe Flat Beaded Elastic Slip on Shoes (Color : Black, Size : UK 4.5) B07H1RJFRR Parent
Qiusa Beaded Sandals Rhinestone Clip Toe Bohemia Elastic Shoes for Women (Color : Black, Size : UK 6.5) B07H1RLCBQ Parent , Qiusa Sandals (Color : Beige, Size : UK 6.5) B07H1RXD8G Parent , Qiusa Buckle Strap Sandals Women Peep Toe Wedge Heel Shoes (Color : Black, Size : UK 3.5) B07H1RNX2W ParentQiusa Flower Sandals Women Clip Toe Platform Bohemian Beach Flip Flops (Color : Brown, Size : UK 4.5) B07H1SF7J9 Parent
Qiusa Buckle Strap Sandals Women Peep Toe Wedge Heel Shoes (Color : Black, Size : UK 5.5) B07H1RQH9V Parent , Qiusa Flower Sandals Women Elastic Strap Flat Beaded Soft Sole Shoes (Color : Black, Size : UK 8.5) B07H1RZCDW Parent , Qiusa Leather Sandals Platform Peep Toe Comfort Shoes for Women (Color : White, Size : UK 4.5) B07H1S4BMX Parent , Aimint Womens Embroidered Nubuck Casual Urethane Slides Sandals EYR00331 B07H1RYJ82 ParentQiusa Bohemian Sandals Women Wedge Heel Beaded Elastic Strap Shoes (Color : Beige, Size : UK 5.5) B07H1S7FLP Parent
Qiusa Clip Toe Sandals Women Platform Colorful Beach Flip Flops (Color : Beige, Size : UK 3.5) B07H1S31CC Parent , Qiusa Beaded Sandals Women Buckle Strap Peep Toe Wedge Heel Shoes (Color : Beige, Size : UK 3.5) B07H1RMK13 ParentAllhqfashion Women's Kitten-Heels PU Assorted Color Pull-On Closed-Toe Sandals B07H292L84 ParentEmily Bridal Pleated Platform Peep Toe Satin Bridal Wedding Sandals B07H1SW88H 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.