ZHANGJIA Summer women's shoes, waterproof tables, sandals, thick muffins, sandals and sandals,Thirty-seven,gules B07F74STVJ Parent , ZHANGJIA Handmade flowers, holiday slippers, summer slopes, thick bottomed beach slippers, women's shoes, cool... B07F7595XH ParentYAnFAn & Sandals Sandal Slip-On for Woman Girls Stylish Block Heel Flouncing Strap Slipper in Summer for Walk... B07F763367 ParentZHANGJIA Slippers, slippers, bow tie, fashionable beach shoes, thick bottom muffin sandals,Thirty-seven, B07F7FGSK3 Parent
Womens Elastic Sandals Clip Toe T-Strap Ankle Strap Wedge Shoes Bohemian Style Flip Flop Travel Beach Shoes B07F7J31FV Parent , Bohemian Style Wedge Sandals Clip Toe T-Strap Ankle Strap Flip Flop Shoes Rhinestone Elastic Travel Beach Shoes B07F7GX8TZ Parent , Women's Wedge Sandals Clip Toe Bead Bohemian Style Beach Shoes T-Strap Ankle Strap Flip Flop Shoes Travel Vacation B07F7LC4H8 Parent , YAnFAn & Sandals Sandal Slip-On for Woman Ladies Stylish Flatform Heel Slipper in Summer Cloth Strap Shoes for... B07F7JKFCK Parent
Women's Bohemian Style Rhinestone Flip Flop Shoes Clip Toe T-Strap Ankle Strap Wedge Sandals Travel Casual Beach... B07F7QGKVM Parent , JUWOJIA Bohemia Sandals Women'S Summer New Models Red Ladies' Shoes Bottomed Shoes. B07F7RFCTP ParentJUWOJIA Spring And Summer Jelly Sandals Ribbons Bow Ties Women'S Toes Sandals Flat Bottomed Heels Seaside Beach... B07F82JZDQ Parent
Women Sandals,Bohemia Rhinestone Sandals Clip Toe Low Flat Heel Flip Flop Sandals Shoes B07F82Q8MD Parent , DYY Chancletas color caramelo, zapatos de playa antideslizantes con degradado, tres colores opcionales B07F9VBNWC ParentLadies summer sandals, Bohemia flat bottomed beach shoes, water drill, comfortable rubber sandals. B07FCN3R99 Parent
Summer sandals for women sandals, flat shoes, antiskid toe tips, beach shoes, size 36-42 B07FCQ7647 Parent , Women's Sandals Bohemian Rhinestone Toe Separator Flat Sandals Summer Beach Shoes Size 35-42 B07FCQ77LC Parent , duoyouduo Garden Grass Spiked Soil Sandals 3 Straps Lawn Aerator Shoes With Metal Buckles B07FF532V8 ParentYAnFAn & Sandals Sandal Slip-On for Woman Ladies Stylish Flat Heel Sport Slipper in Summer Comfortable Soft Shoes... B07FDKBLR2 ParentLHA Sandals Thick Bottom Muffin Slippers Female Summer Fashion Wear 2018 New Students To Wear A Word Cool Dragging... B07FG242L8 Parent
LHA Sandals Word Flip-flops Female Summer Fashion 2018 New Students Thick Bottom Muffin Sandals Wild Retro Hong... B07FG266RC Parent , LHA Summer Women's Sandals Sweet Butterfly Knot Open Toe Thick Bottom Shoe Roman Sandals Bohemia Non-slip Beach... B07FG24WHY Parent , LHA Cool Slope With Fish Mouth Slippers Female Summer Fashion Wear 2018 New Wild Thick Bottom Loose Cake Word... B07FG26HDV Parent , Summer Bohemia Flat Sandals Female Clip Toe Flat Roman Beach Shoes For Women's Swimming Outdoor Travel B07FGD4QG8 Parent , Lady Peep Clip Toe Beach Shoes Sandals Roman Post Sandals Elastic T-Strap Flats Flip Daily Wear B07FGD74C7 Parent , Summer Lady Peep-toe Sandals Beaded Roman Toe Soft Sole Flats For Women's Elastic T-Strap Pool Beach Shoes B07FGD7P4B Parent
ITTXTTI Ms. Sandals Summer Retro Student Women's Cross Strap Sandals Sandals Wild Flat Comfort Sandals, 38,... B07FGF2WD8 Parent , ITTXTTI Women's sandals new female summer wild casual simple word with open-toed flat Roman shoes, 35, green B07FGF2WDC Parent , Women's Vintage Sandals Clip Toe Rhinestone Elastic Flip Flop Shoes T-Strap Ankle Strap Bohemian Style Casual... B07FGFMN9F Parent , Sandals Amazing Female Casual Flat Summer Comfortable Breathable Women's Shoes (Color : B, Size : EU39/UK6/CN39) B07FGF6NPX 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.