YTTY Women's Thick Heels Sandals Personality Shaped with Ankle Strap Scrub Sexy Open Toe Sandals B07CR8ZVFL Parent
Marc Fisher Women’'s F-amina23 Sandal B078S4SN6F Parent , KUKI Coarse slippers with ladies Laotou lazy shoes half slippers B07B3RF7DK ParentPrinting Hole Shoes Shoes Sandals Women Summer Beach Shoes Jelly Shoes Hole Shoes Women Shoes Summer Beach Shoes... B07BBSGWSK Parent
XIAOLIN Hand-stitched Sweet Flowers Beach Shoes Wear Stylish Thick Bottom Non-slip Sandals Female Summer Korean... B07BD232VQ Parent , KUKI Pierced sandals shiny crystal jelly shoes flat hole shoes beach shoes B07BFDZH4G Parent , Slippers HAIZHEN Women shoes Women's Sandals Comfort Club Shoes Spring Summer Dress Casual Wedge Heel Black Red... B07BJ8YT68 ParentYAFAN Women'S Sandals Bohemia Beach Flat Shoes Clip Toe Manual Rhinestone Rubber Sole Casual B07BMCJT49 ParentSandals Feifei Women's Shoes Summer PU Material Fashion Rhinestone Ethnic Wind Beach Beige Black Optional B07BY2Y8G2 Parent
Sandals Feifei Women's Shoes Summer PU Material Ethnic Wind Simple Rhinestone Gold Silver Optional B07BY2Y3TF Parent , YTTY High-Heeled Shoes Buckle Thick with Fish Mouth Female Sandals B07CZ4YP55 Parent , YMFIE Trendy toes pinch mop ladies summer thick bottom antiskid sand beach sandals swimming pool shoes B07BZJBM5N Parent
YTTY Bohemian Beaded Sandals Ethnic Flipflop Flat Flat Sandals Flat Shoes B07CYVY9BZ Parent , Women 5cm Chunkly Heel Square Toe D'orsay Ankle Strap Sandals Court Shoes Casual Solid Roma Shoes Eu Size 34-40 B07C32N3XL Parent , YTTY Casual Women's Sandals Thick Bottom Slope with Velcro Loose Cake Open Toe Roman Shoes B07CZ3K7NW Parent , DANDANJIE Women's Flip Flops Round Clip Toe Wedge Heel Rhinestone Elastic Bohemia Roman Sandals Flip Flops Shoes B07C7YMG5N Parent
Women's Roman Shoes Sexy Block Heel Sandals Ankle Strap Buckle Pumps Ladies Peep Toe Elegant Evening Party Shoes B07CVYZL5M Parent , FEI Mules High-heeled Fashion Sandals Beach Shoes（Black/Blue/Gray/Pink） Sandals Casual (Color : Black, Size :... B07C96BD1H Parent
Women's Peep Toe Roman Shoes High Heels Crossover Strap Leather Evening Party Prom Sandals B07CWT83CZ Parent , GRRONG Women's Shoes Summer Version Of The New Round Thick With High-heeled Waterproof Buckle Sandals B07C9RPCDV Parent , Women's Block Heel Sandals Sexy Ankle Strap Cot Out Pumps Ladies Peep Toe Elegant Work Party Shoes B07CVXZJNP Parent
Women's Sandals Wedges Heel Summer Sexy Ankle Strap Pumps Ladies Peep Toe Elegant Evening Party Shoes B07CVYZL55 Parent , Women 6.5cm Chunkly Heel Square Toe Slingback Ankle Strap Sandals Dress Shoes Casual Solid Roma Shoes Court Shoes... B07C34F2NP ParentLeather large saucepan: on women's shoes sandals B07CW3FX13 ParentGRRONG Women's Shoes For Summer New Fashion High-heeled Fish Mouth Hollow Boots Washed Denim Sandals B07C9RF7M6 Parent
TWGDH Flats Sandals Flip Flop Open Toe Rivet Non-Slip Holiday Club Indoor And Outdoor Bath Beach Pool Woman Shoes... B07CY315PZ Parent , FEI Mules Summer Fashion Slippers Female Slippery Flat Sand Shoes Ladies Flat Cool Slippers Black Brown White... B07C9696C2 Parent
YTTY Trendy Sandals Female Heel Shoes Shallow Mouth Fish Mouth Shoes Slope Waterproof Platform High Heels B07CYXTDZC Parent , SHINIK Women Peep Toe Sandals Summer New Suede Ankle Strap Pumps T-Strap High Heel Shoes B07C9CXRDG 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.