Kevin Fashion MZ602 Womens Peep Toe Stiletto Heel Flower Satin Bridal Satin Back Strap Sandal B01M1RIIYT Parent
CAMSSOO Women's Peep Toe Platform High Heel Zip Sandals Ankle Strap Dress Shoes B01M1OIPU4 Parent , Kevin Fashion MZ618 Womens Peep Toe Stiletto Heel Slip on Bridal Wedding Satin Sandals Shoes B01M1RSAVL Parent , Kevin Fashion MZ593 Womens Pointy Toe Stiletto Heel Beaded Bridal Wedding Evening Party Satin Pump B01M1RIIZJ Parent , Kevin Fashion MZ619 Womens Peep Toe Kitten Heel Knot Bridal Wedding Satin Sandals Shoes B01M1RUYA9 Parent , Kevin Fashion MZ580 Ladies Kitten Heel Handmade Satin Bridal Wedding Party Pumps Shoes B01M1RUYA4 Parent
Kevin Fashion MZ607 Womens Open Toe High Heel Bridal Wedding Evening Prom Satin Back Strap Slip Sandals B01M1S1RXV Parent , Kevin Fashion MZ596 Womens Round Toe Ruched Bridal Wedding Party Evening Satin Flats Shoes B01M1RUYAN Parent , Kevin Fashion MZ609 Womens Pointy Toe Stiletto Heel Slip On Bridal Wedding Evening Satin Pump Shoes B01M1S1RYU Parent , Kevin Fashion MZ615 Womens Round Toe High Heel Mary Jane Bridal Wedding Satin Buckle Pump Shoes B01M1S1S0G Parent
Kevin Fashion MZ581 Ladies High Heel Beaded Satin Bridal Wedding Evening Party Prom Shoes B01M1S55I8 Parent , Kevin Fashion MZ590 Womens Pointy Toe High Heel Bridal Satin Buckle Pumps B01M1S6SMZ Parent
Kevin Fashion MZ605 Womens Pointy Toe Med Heel Bridal Wedding Evening Satin Pump Shoes B01M1S6SNN Parent , Kevin Fashion MZ608 Womens Pointy Toe Mid Heel Back Strap Bridal Wedding Satin Pump Shoes B01M1SA1FA Parent , Kevin Fashion MZ603 Womens Low Heel Flower Bridal Wedding Party Evening Prom Satin Pump Shoes B01M1SGFKG Parent
Kevin Fashion MZ586 Ladies Handmade Sequin Satin Bridal Wedding Evening Formal Party Pumps Shoes B01M1SBGPM Parent , Michael Antonio Women's Finnea-Pat Dress Pump B01M2AJ1AR Parent , AgooLar Womens Pull-On Closed Toe Solid Flats-Shoes with Decoration B01MFX3WPL Parent
Nina Women's Tracey-Yg Dress Pump B01M4RVN4M Parent , Gtlindsl Womens Pull On Soft Leather Square Closed Toe Flats-Shoes with Metal B01MF596QF Parent
Men's/Women's Jumex Women’s Pumps B01MZ99N4K Parent Easy to clean surface a wide range of products Full range of specifications , Chinese Laundry Womens Dedra Closed Toe Ankle Strap Classic Pumps B01M2V1NIF Parent
JANE KLAIN Women’s 294 048 Closed Toe Heels B01M8LESYL Parent , Man/Woman Report Lecrone Women's Heels B01M61W8KO Parent High-quality buy Strong heat and heat resistanceSoft Line (Jana) Allison 22260 - Black (Textile) Womens Shoes 38EU B01N5FQGA5 Parent
AgooLar Womens Pull-On Round Closed Toe Flats-Shoes with Decoration B01MF5Y6P8 Parent , Karen Scott Womens Ghwen Fabric Pointed Toe Slingback Classic Pumps B01MAUFRGG ParentLongFengMa Women Stiletto Pumps Solid Patent Basic Office Shoes D'Orsay Wedding Heels B01MEERO4E ParentGRACE SHOES 8256 Decolletè Women B01MFFFD50 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.