TAOFFEN Women Fashion Kitten Heel Party Glitter Sandals Mid Heel Peep Toe Slingback Shoes B072QYSLZX Parent , Absolutely Gorgeous Boutique Womens Diamante Mid Heel Bridal Ladies Prom Party Evening Wedding Sandals Shoes B01N763DX7 Parent , Womens Ladies Diamante Sandals Sparkly High Heel Strappy Stiletto Prom Party Wedding Bridal Size 3-8 B07DWDVFX9 ParentJana Women’s 28311 Ankle Strap Sandals B077FN182F ParentMinetom Women Lady Girl Fashion Butterfly High Heel Sandals Party Shoes B00XRIU2EQ ParentWOMENS BLOCK HEEL ANKLE STRAP SANDALS LADIES PEEPTOE STRAPPY PARTY SHOES 3-8 B0154T83ZA ParentESSEX GLAM Womens Ankle Strap High Heel Sandals Ladies Peep Toe Cut Out Satin Party Shoes B0747R2G6G ParentSaingace(TM) Platform High Heels Shoe,Women Ladies Wedges Sandals Buckle Slope Shoes Party Wedding (5.5 UK, Black) B07F69BFPK Parent
Coolcept Women Mid Heel Sandals Block Heels Ankle Strap Suede Ladies Dress Heeled Shoes Open Toe ¡ B073R972NX Parent , Mee Shoes Charm Bling-bling Block-heel Mary Jane Sandals Shoes B01DDCW0QI Parent , TAOFFEN Women Simple Peep Toe Block Heel Sandals Girls School Shoes B06XSGRXSK ParentESSEX GLAM New Womens Wedge Heel Sandals Espadrille Ladies Ankle Strap Flat Platform Shoes B079T2L4G4 Parent
Gentlemen/Ladies Havaianas Luna Women's Sandals B0792Y39SB Parent online sale In short supply Different styles , Womens Ladies Flat Padded Comfort t-bar Buckle Flower Diamante Sandals Size B07FF3LZCM Parent , SJJH Suede Materail Sandals with Low Chunky Heel and Large Size 12 UK Available All Match Women Sandal Shoes B071Z3TQFL Parent
WeHeartShoes Womens Ankle Strap Wedge Sandals,Metallic Woven Platform Sandals,Size 3-8 B07DN1V7W6 Parent , Gabor Women’s Comfort Sport Ankle Strap Sandals B07626FHCD Parent , CAMSSOO Women's Sexy Open Toe Mid High Heel Ankle Strap Buckle Solid Color Sandals Shoes B01N9ATRSN Parent , Mirak Ladies Celia Ruiz 213 Wide Fit Sandals Textile Rubber Boots Ladies Shoes B00GHPRXI4 Parent , Xelay Womens Wedge Sandals Espadrille Ankle Strap Buckle Peep Toe Summer Shoes Size 3-8 B07FXG1HCY Parent
ESSEX GLAM Womens Ankle Strap Satin Peeptoe Sandals Ladies High Heel Diamante Bridal Shoes B07FNVN96W Parent , LADIES WOMENS PARTY PROM BRIDAL EVENING FASHION HIGH HEELS SHOES SANDALS SIZE B00DI710RO Parent , AARZ LONDON Women Ladies Evening Wedding Party Prom Shimmery Platform High Block Heel Sandals Shoes Size B07BDB2XLC Parent , Clarks Softly Ash Leather Sandals in Navy B07B632ZRL Parent
Womens Ladies Paltform Evening Shoes Rhinestone Detailing Wedding, Bridal Party Open Toe Stiletto Sandals Sizes... B07GBYMVTH Parent , Aarz Women Ladies Evening Wedding Party Platform High Heel Diamante Bridal Prom Sandal Shoes Size (Black,Silver... B01HOETGW2 Parent , Dorothy Perkins Women’s Sunrise Open Toe Sandals B07C44WYD2 Parent
Beppi Women's Fashion Sandals Blue Blue B07CGFRYT6 Parent , LoudLook Womens Mid Heel Shoes Ladies T-Bar Ankle Strap Buckle Work Party Sandals Size 3-8 B0794X5DKL 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.