Echo Women's Sandals -Summer Casual Flat Shoes, Walking Holiday flip Flop,Apricot,Size 39 B07DK2KLNQ ParentEcho Women's Sandals - Open Toe Ankle Strap Women Flat Shoes, Bohemian Casual Summer Beach Thong Wedge Sandals... B07DK2RCPN ParentBohemian Sandals Beach Shoes Flat Thong Tassel Casual Indoor Outdoor Flip Flops Slippers for Ladies B07DK61Q2V ParentEcho Women's Sandals - Summer Casual Holiday Beach Flat Shoes Non-Slip Slippers,Black,Size 36 B07DK5RR3Q Parent
XING GUANG Sandals And Slippers Women's Wear Casual Fisherman's Shoes Vine Grass Bottom Low-heeled Flat With Students... B07DMWXXY6 Parent , TWGDH Block Low Heel Sandals Flip Flop Ankle High Heels Open Toe Evening Dress Shoes B07DMMVLB6 ParentTWGDH Flip Flops Sandals Summer Bohemian Style Comfortable Beach Flat Shoes B07DNC3JDL Parent
XING GUANG Sandals And Slippers Women's 2 Summer Shoes Outerwear With Flat Bottom Non-slip Sand Word Soft Bottom... B07DN2WV5N Parent , TWGDH Bohemia Flat Sandals Flip Flop Women's Summer Low Heel Anti Skidding Beach Peep-Toe Outdoor Shoes B07DNYFYLD Parent
Tfan Womens Sandals Flip Flops for Women Summer Sandals Flat Thong Flip Flop Casual Shoes B07DXWMV58 Parent , Sandals Women Butterfly Knot Slipper Non-Slip Thick Platform Summer Beach Platform Wedge Shoes,Black,41 B07F3B5RJL Parent , Angel love beauty Ladies Non-Slip Shower Sandals House Indoor Home Soft Pool Summer Shoes (Color : Red, Size :... B07F78NG58 Parent , Lamdoo Rome Fashion Bowknot Ankle Peep Toe Sandals Low Heeled Shoes Casual Flat Sandals Pink 40/41 B07FCYF555 Parent , XING GUANG Summer New Flat Heel Flat Sandals Female Wild Hemp Hemp Sandals Shoes Cross Straps Women's Shoes,Khaki... B07FGW42NC ParentXING GUANG The New Casual Shoes Retro Mori Girl Rope Braided Linen Straw Hollow Head Flat Comfortable Sandals... B07FGXDQJK Parent
XING GUANG Flat Sandals Female Summer New Cross Strap Retro Roman Shoes Word Buckle Student Flat Sandals,Black... B07FGYJSFJ Parent , Muium Fashion Solid Color Fish Mouth Sandals Rhinestone Sexy High Sandals Party Wedding Shoes B07FM8C489 Parent , XIE Women's Flat Shoes Round Head Bow tie Summer Fashion Asakuchi Casual Sandals B07FN431YZ Parent , TIZIKJ Women Anklet Heart Barefoot Crochet Sandals Shoes Multilayer Legs Bracelet Anklet B07GJDRTJ6 Parent
Bearony Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes (Color : White, Size : One Size) B07H5BN1H5 Parent , Bearony Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes (Color : Yellow, Size : One Size) B07H5D4G6T Parent , JieMiTe Chic Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes (Color : Yellow, Size : One Size) B07H69RJ19 Parent , Jeephuer Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes for Bathroom (Color : White, Size :... B07H6CHRV2 Parent , JieMiTe Chic Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes (Color : White, Size : One Size) B07H6DK5HL Parent , Jeephuer Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes for Bathroom (Color : Yellow, Size :... B07H6HTJ9M Parent , AEXU Elegant Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes (Color : White, Size : One Size) B07H86KKG7 ParentHNBGY Excellent Ladies Sandals Summer Ladies Women Sandals Flat Roman Flower Sandals Casual Shoes Slippers (Color... B07H86SSFY Parent
AEXU Elegant Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes (Color : Yellow, Size : One Size) B07H8B59R4 Parent , NBHYGTHU Summer Bohemia Flower Women Sandals Clip Toe Sandals Beach Shoes Convenience (Color : White, Size : One... B07H89F51W 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.