KPHY Women'S Shoes/In Spring And Autumn Are Flat And Flat.Thirty-Nine Gules B07FNB4R8V Parent , KPHY Women'S Shoes/In Autumn Lacquer Skin Has A Shallow Pointed Tip Low Heel Shoes And Mother Shoes.Thirty-Five... B07FNB7ZY5 Parent
KPHY Women'S Shoes/Fashionable Golden Dress Spring Bow Comfortable And Shallow Pointed Anti Slip Sole Shoes.Thirty-Seven... B07FNB6T8P Parent , KPHY Women'S Shoes/In Autumn Lacquer Skin Has A Shallow Pointed Tip Low Heel Shoes And Mother Shoes.Thirty-Seven... B07FNBDQQG ParentKPHY Women'S Shoes/Simple Side Empty Flat Shoes Comfortable Anti Slip Soft Bottom Pregnant Summer Thirty-Nine... B07FNBB2LK Parent
KPHY Women'S Shoes/Summer Fashion Velvet Hollow Thin Low Heel Light Grey Grey Shoes.Thirty-Six Gray B07FNBDF5L Parent , KPHY Women'S Shoes/In Spring And Autumn Are Flat And Flat.Forty Gules B07FNBDF5N ParentKPHY Women'S Shoes/Spring 10Cm High Heel Shoes Sharp Head Shallow Buckle Thin Shoes Black And Thin.Forty Black B07FNBFK14 Parent
KPHY Women'S Shoes/Summer Woven Hollow Hole Shoes Comfortable Soft Bottom Shallow Square Square Bottom Pregnant... B07FNBF14N Parent , KPHY Women'S Shoes/12Cm Super High Heel Shoes Summer Fine And Waterproof Platform Silver Sexy Flower Word With... B07FNBN13B Parent , KPHY Women'S Shoes/Spring And Autumn Top Flat Bottom Soft Bottom Shallow Work Shoes Skid And Leisure Women'S Shoes.Thirty-Six... B07FNBFLP6 ParentKPHY Women'S Shoes/Sweet Slope And Sandals Girl Shoes With Pinched Toes Beige Thirty-Six B07FNBJNFZ Parent
KPHY Women'S Shoes/Fashion Spring Bow Suede Comfort Square Head Flat Bottom Sole Shoes.Thirty-Eight Sugar Color B07FNBJPL2 Parent , KPHY Women'S Shoes/In Spring And Autumn Are Flat And Flat.Forty-One Blue B07FNBRMKQ Parent , KPHY Women'S Shoes/Summer Simple Comfortable Flat Bottom Slippers Green One Type Soft Bottom Drag Thirty-Eight... B07FNBQG8W ParentKPHY Women'S Shoes/Women'S Shoes/Metal Buckle Summer Comfort Shallow Flat Shoes Antiskid Maternity Shoes Single... B07FNBVQJS ParentKPHY Women'S Shoes/Spring 10Cm High Heel Shoes Sharp Head Shallow Buckle Thin Shoes Black And Thin.Thirty-Six... B07FNBX72B ParentKPHY Women'S Shoes/Sweet Slope And Sandals Girl Shoes With Pinched Toes Beige Thirty-Seven B07FNC2YBP ParentKPHY Women'S Shoes/Sexy Walking Fish Mouth 13Cm Super High Heel Waterproof Table Metal Drill With Golden Thirty-Five B07FNC3GKN ParentKPHY Women'S Shoes/Sexy Walking Fish Mouth 13Cm Super High Heel Waterproof Table Metal Drill With Golden Thirty-Nine B07FNC6L5T Parent
KPHY Women'S Shoes/Spring Casual Are Thicker Inside 10Cm High Heels Muffins Sneakers Single Shoes Cloth Shoes.36... B07FNCBNQK Parent , KPHY Women'S Shoes/In Spring And Autumn Are Flat And Flat.Thirty-Five Black B07FNCCH6K ParentKPHY Women'S Shoes/Summer Breathable Gauze Shoes Comfortable Shallow Pointed Flat Bottomed Pregnant Shoes Women'S... B07FNCFY1B Parent
KPHY Women'S Shoes/Spring And Autumn Prints Single Shoes And Multi Player Are Thicker Inside.39 green B07FNCG81D Parent , KPHY Women'S Shoes/Spring Diamond Buckles Slip Bottomed Soft Sole Single Shoes Working Shoes.Thirty-Six Pink B07FNCHBYL Parent
KPHY Women'S Shoes/Fashion Spring Bow Suede Comfort Square Head Flat Bottom Sole Shoes.Thirty-Five Sugar Color B07FNCHN7K Parent , KPHY Women'S Shoes/In Spring And Autumn Are Flat And Flat.Thirty-Eight Gules B07FNCK3BG Parent
KPHY Women'S Shoes/2Cm Is Comfortable Slippery Soft Bottom Women'S Shoes.Thirty-Six Gun Color B07FNCM9MT Parent , KPHY Women'S Shoes/Thin Spring Side Air Weaving Bow Tie Low Profile Shoes Work Shoes Women'S Shoes.Thirty-Seven... B07FNCP9LX 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.