Tamaris Women's Boots Black Black (Black 001) B07FFPF4CK Parent , SKY-Maria Women's Fashion High Hools Plus Cashmere High Heels Stiletto Heel Waterproof Platform Comfortable Large... B07FGF1L8Z Parent , Fashion Style Bolingier Poland Unisex Adults’ Wellington Boots B07FGFB2C4 Parent , Bogs Kids' Skipper at Sea Rain Boot B07FGFXM5S ParentBooties Women's Boots High Heel Thick with Large Size B07FGVR65R Parent
Rieker Women’s Z6762 Classic Boot B07FGVNVJ5 Parent , Booties Women's Boots Thick with High Heel B07FGW5WQL Parent , Booties Women's Boots Thick with High Heel Large Size B07FGVTBB3 Parent , Booties Women's Boots New Style High Heel Martin Boots Waterproof Platform Thick with Thick Bottom Round Head... B07FGXRYD2 ParentWomen's Boots New Style Boots High Heel Martin Boots Waterproof Platform Thick with Thick Bottom Round Head Boots B07FGWDH17 ParentNVXIE Women's Ladies Short Boots Tassel Rough High Heel Pointed Toe Suede Black Brown Fall Winter Party Work B07FHYLVR7 Parent
Booties Women's Boots New Style High Heel Thick with Large Size B07FGXRGX4 Parent , NVXIE Womens Short Boots Rough High Heel Round head Artificial PU Blue Black Fall Winter Party Work B07FHYTZJX Parent , NVXIE Women's Ladies Short Boots High Heel Pointed Toe Suede Rivet Black Brown Fall Winter Party Work B07FHZ55P1 Parent , NVXIE Women Snow Boots Flat Nike Dunk Sky Hi Scrub Leisure Comfortable Keep Warm Thick bottom Non-slip Big Flowers... B07FHYTZJB Parent , NVXIE Women's Ankle Short Boots Suede Pointed Toe Rough Heel Black Brown Fall Winter Party Work B07FHZ6166 ParentNVXIE Womens Short Boots Martin Rough High Heel Pointed Toe Artificial PU Belt Buckle Black Gray Fall Winter Party... B07FHZ9KRG Parent
NVXIE Womens Boots Rough Heel Pointed Toe Plush Mouth Artificial PU Black Gray Fall Winter Party Work B07FHZ9KRR Parent , NVXIE Women's Short Boots Rough High Heel Pointed Toe Suede Belt Buckle Black Red Fall Winter Party Work B07FHZ616C Parent
NVXIE Women's Ladies Short Boots Rough High Heel Pointed Toe Suede Black Wine Red Fall Winter Party Work B07FHZBZ8L Parent , NVXIE Women's Short Boots Pointed Toe Mid Rough Heel Genuine Leather Pumps Martin Boots Black Red Spring Fall... B07FHZBGJT Parent
NVXIE Womens Knee High Long Boots Rough High Heel Round head Suede Black Brown Fall Winter Party Work B07FHZXTJ3 Parent , NVXIE Women's Ladies Over Knee Thigh Boots Long Knight Boot Suede Rough High Heel Black Blue Fall Winter Party... B07FHZBZ9P Parent
Beauty leader Children Flash Skates Double Row Adjustable Size Roller Skates Quad Boots Skating B07FJ6ZDMF Parent , NVXIE Women's Ladies Short Boots Rough High Heel Pointed Toe Scrub Belt Buckle Black Wine Red Fall Winter Party... B07FHZBZ9S Parent
HBDLH Scarpe da donna/Autumn And Winter Velvet Soft Girl British Wind Short Boots Flat Bottom Ribbon Sponge Cake... B07FJLJDVJ Parent , NVXIE Women's Short Boots New Leisure Round head Low Rough Heel Genuine Leather Strappy Thick Bottom Knight Martin... B07FHZXTK3 Parent , Gentleman/Lady Faith Blair B07FJL5PRW Parent Reliable quality Moderate cost Known for its beautiful quality , HBDLH Scarpe da donna/Winter Velvet Martin Boots Frosted 11Cm High Heel Boots Thick Heels Buckles Round Heads... B07FJLTCZN 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.