HBDLH Scarpe da donna/9Cm High-Heeled Shoes Thick With Martin Boots Female Sharp Pointed Chain Autumn Winter Short... B07FC8FBDS ParentXiuzhifuxie Broken Flowers Rain Boots Ladies' Lovely Medium Tube Water Shoes Rubber Overshoes (Size : 6 UK) B07FCGLMV1 ParentXiuzhifuxie Summer White Rain Boots Mid Calf Rubber Ladies Sweet Round Head Water Shoes Romantic (Size : 7 UK) B07FCG56N2 Parent
Xiuzhifuxie Rain Shoes Lovely Adults Medium Tube Anti Skid Women's Rubber Waterproof Boots Covers Spring And Summer... B07FF6YD96 Parent , XIE Women's Chelsea Boots Ankle Boots Chunky Block Heel Booties Platform Black Suede Leather Casual Zipper Shoes B07FCY1TJQ Parent , QIONGQIONG Women's Shoes Summer Feather Zipper High-Heeled Sandals B07FF82R86 Parent , Xiuzhifuxie Spring Shoes Mid Tube Non Slip Ladies' Antiskid Waterproof Adult Flat Elly Rubber Rain Boots (Size... B07FF82R1T Parent , GTVERNH Comfort/women's shoes/Hollow Boots In The Spring And Autumn With Women'S Boots Breathed Carved Diamond... B07FF8G5XC Parent , GTVERNH Comfort/women's shoes/In The Spring And Autumn Hollow Muffin Boots Thick Bottom Slopes Single Boots Breathless... B07FF8C4PC ParentHBDLH Women's shoes/Breathable/In Winter Women'S Boots 9Cm High Heels Rivets Pointy Heads Thin Heels Martin Boots... B07FHXQJ7B Parent
GTVERNH Comfort/women's shoes/Chunqiu Hollow Hollow Single Boots Thick With Casual Boots Middle And Breathable... B07FF9L2W5 Parent , HBDLH Women's shoes/Breathable/In Winter Fashion Martin Boots Belt Buckle Temperament Women'S Boots Pointed Rough... B07FHXS4W6 Parent , HBDLH Women's shoes/Breathable/Short Boots Autumn And Winter Side Zippers 10Cm High Heels Sexy Sharp Pointed Thin... B07FHXRYCP ParentHBDLH Women's shoes/Breathable/Short Boots Autumn And Winter Velvet Boots Riveting Decorations 10Cm High Heels... B07FHXS4WD Parent
HBDLH Women's shoes/Breathable/Autumn And Winter Women'S Boots Martin Boots Fashion Medium Tube Boots Pointy Heads... B07FHXS4W5 Parent , HBDLH Women's shoes/Breathable/Waterproof Platform Martin Boots 12Cm High Heels Women'S Shoes Winter Short Boots... B07FHY81HM Parent , HBDLH Women's shoes/Breathable/Joking Sharp Pointed Cat And Heel Female Thin Heel 8Cm High Heel Bow Tie Autumn... B07FHYH49W ParentHBDLH Women's shoes/Breathable/Autumn And Winter Joker Short Boots Handsome Metal Buckle Sharp Head Thick Heel... B07FHY81HN ParentHBDLH Women's shoes/Breathable/Martin Boots Ladies Winter 11Cm High Heels Short Boots Thick Heels Waterproof Tables... B07FHYQYQL ParentHBDLH Women's shoes/Breathable/Knee Length Boots Female Boots Winter Pointed 8Cm High Heels High Tube Elastic... B07FHYJTYV Parent
HBDLH Women's shoes/Breathable/Fashion Short Boots Women Autumn And Winter Fine Heel 12Cm High Heels Temperament... B07FHZ5NZ7 Parent , HBDLH Women's shoes/Breathable/9Cm High Heels Women Autumn And Winter Short Boots Sexy Pointed Side Zipper Thin... B07FHZ29QG Parent , HBDLH Women's shoes/Breathable/Short Boots Fashion Autumn And Winter Bare Boots Martin Boots Suede Bow Sharp Pointed... B07FHZDK8H Parent
Mingteng Shoes Waterproof High Rain Boots Fishing Boots Water Shoes B07FHZ77S8 Parent , HBDLH Scarpe da donna/Fashion Autumn And Winter Waterproof Platform 12Cm Super High Heel Thick With Thick Bottom... B07FJLC843 Parent , Women's Shoes Comfort High Heels Boots Pointed Toe Printing Flower Autumn Black B07FL7MKX8 Parent , Xiuzhifuxie Spring Summer Woman Increase Short Tube Rain Shoes Slope Rain Boots Shallow Bow Waterproof Trend Non-slip... B07FKS29R7 Parent , GTVERNH Women's shoe/Women'S Boots Spring And Autumn Net Shoes Single Shoes Middle Heels Elastic Cloth Women'S... B07FLKGY43 Parent
GTVERNH Women's shoe/Summer Cave Shoes Women Cool Boots Soft Bottom Leisure Short Boots Hollowed Out Wild B07FLFQYGQ 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.