GRRONG Women's Sandals For Summer New Super High Heel Rome Women's Shoes Korean Fish Head Shoes B07CBPQCV9 Parent , GRRONG Women's Shoes For Summer New Style Fine Heel Buckles Heels Korean Version Of The Current Solid Color Open-toe... B07CBQV3C5 Parent , MSFS Women Shoes Flat Sandals Rhinestone Dress Party Size 35 To 42 B07CBS86NX Parent , Sandals NAN Female Summer New Mid-heeled Women's Shoes Wild Word Buckle High Heels Rough Heel Header Off White... B07CBZMF4G Parent , AJUNR New/Fashion/Work/Ladies Silk Tip Single Shoes Female Spring Bow Tie With A Flat Base Damask Soft Bottom... B07CC9MQQX Parent , AJUNR New/Fashion/Work/Ladies Velcro Sport Shoes With High 12Cm Thick And The Rise And Leisure Outdoor Female... B07CCBFJVQ Parent , WANGXIAOLIN Summer Rough With Sandals Fashion Wild Fish Mouth Shoes Middle-aged Women Leather Sandals (Color :... B07CCGX96N Parent
AGECC Women Sandals Platform Shoes Diamond High Heels B07CCKL7TH Parent , GAOLIM Spring Single Shoes Work Shoes Women Black Light Of Occupational Footwear Comfort And Non-Slip Soft Bottom... B07CCZ2JS9 Parent , GAOLIM Shoes With Bold, Children And Women Shoes Daily Single Shoes Small Flat For The High-Heel Shoes B07CCYKCBK Parent , GAOLIM Water Drill Tip Flat Footwear Girls Summer Light, Breathable Single Shoes Big Yards Women Shoes Summer... B07CCZQRGW Parent
GAOLIM Women'S Shoes With The Word 5-6Cm Bold Shoes And Sandals With High Heels B07CCZJFSS Parent , GAOLIM Tip Of The High-Heel Shoes Fine With The Light Of Women'S Shoes Black White Soft Work Shoes Single Shoes... B07CD8GCMT Parent , GAOLIM White High-Heel Shoes Fine With Women'S Shoes Spring Bow Tie Point Single Shoes Female Bare-Colored Wedding... B07CCZQRGZ Parent , GAOLIM Women'S Shoes Spring And Summer Crystal Sandals Women Shoes Tip Fine With High-Heel Women Shoes Strap Women... B07CD8JXQR Parent
GAOLIM Women Shoes High Heels With The Word 5-6Cm Rough Shoes With Sandal Home Footwear B07CD8GWGY Parent , GAOLIM Summer Sandals Tip Light Mouth Thick With Single Shoes Baotou Party With Women'S Shoes Women'S Shoes Sandals... B07CD8LJWY ParentGAOLIM Tip Summer Sandals Women Summer Women Shoes Work Shoes With Thin, With Low-Like Strap Women'S Shoes Sandals B07CD8GWHF ParentGAOLIM The Tip Of The Female Black Flat Shoes, Non-Slip Soft Bottom Women'S Shoes Occupational Shoes Rough With... B07CD8MCLM Parent
GAOLIM Black High Heels With The Tip In Bold With The Light Of Occupational Work Women'S Singles Shoes B07CD8LJWT Parent , HAIZHEN Women shoes Women's Shoes PU Spring Summer Comfort Sandals Stiletto Heel Pointed Toe Buckle for Casual... B07CDVLWKF Parent
GAOLIM Women'S Shoes Spring 10Cm High Heels Women Shoes Fine Tip With The Women'S Shoes Women'S Singles Shoes B07CD8MCKR Parent , Slippers HAIZHEN Women shoes Women's Shoes PU Summer Comfort Sandals Chunky Heel Open Toe for Casual Dress for... B07CDVVSHH Parent
GAOLIM Women Shoes Summer Sandals Girl Fine As Low As The Hollow Tip Shallow Mouth Single Shoes With Bold Header... B07CD8N982 Parent , GRRONG Women's Shoes Fish Mouth Sandals Summer 2018 New Korean Rough With High Heels Casual Shoes B07CDW4QZB Parent
Slippers HAIZHEN Women shoes Female Sandals Female Summer Fashion Outdoor Thick Bottom Beach shoes 3.54 in (9... B07CDVMBGZ Parent , GRRONG Female Shoes Thick With Fish Mouth Gauze Sandals Summer New Korean High-heeled Fashion Shoes B07CDWC11Q Parent
Slippers HAIZHEN Women shoes Fashion High Heels Sandals Casual Shoes Chunky Heel For Evening Wedding for Women... B07CDVXQXP Parent , QPYC Women Open Toe High Heels Sandals Rhinestone Sequins Openwork Hollow heel Rough Heel Beaded Buckle High Heels... B07CF4GYNZ 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.