AN A&N Womens Boots High-Top No-Closure Bootie Ankle-Cuff Microfiber Pointed-Toe Nubuck Road Microfiber Boots... B078BXBP4B Parent
ZQ@QX Autumn and Winter Round Head bold and stylish, and Ryu screws 100 ground strap, Martin boots female boots B078BXQHML Parent , AN A&N Womens Boots Closed-Toe Zip Ankle-Strap Mid-Heel Stripes Leather-and-Synthetic Charms Tuxedo Urethane Boots... B078BXLR9Q Parent
KHSKX-Waterproof Table Belt Buckle Metal Martin Boot The Latest Side Zipper Round Head Middle Barrel B078C5NKJM Parent , EDEFS Womens Pointed Toe Side Zip Ankle Boots Lady Winter Booties with Fur B078C5JV32 Parent , S & G Women's Boots Black black B078C5TYQY Parent , Youlee Women's Winter Side Zipper Fleece Lined Ankle Boots Embroidered Leather Boots B078C6JHMD ParentZQ@QX Autumn and Winter Round Head thick flat base and stylish waterproof Taiwan students, large, bare boots short... B078C661DD Parent
ZQ@QX Autumn and Winter Round Head waterproof Taiwan thick with stylish side zipper-su, short boots boots B078C6SM58 Parent , ZQ@QX Autumn and Winter Round Head bold and stylish side zipper large yards, short barrel boots female boots B078C6VKMR ParentZQ@QX Autumn and Winter Round Head bold and stylish side zipper boots, boots female boots B078C6VKN5 ParentZQ@QX Autumn and Winter Round Head thick with wild with lower front tie with students women boots Martin boots... B078C6ZGY4 ParentZQ@QX Autumn and Winter thick flat bottom side of the increase in the number of ground, short barrel boots female... B078C75L6M Parent
Roxy Women's Linn Fashion Boot B078C7964N Parent , ZQ@QX Autumn and Winter Round Head waterproof Taiwan thick with stylish side zipper large numbers of ground raw... B078C7LLZV Parent
ZQ@QX Autumn and Winter Round Head thick with minimalist and stylish large yards, short barrel boots female boots B078C7RTDX Parent , ZQ@QX Autumn and Winter Round Head bold and stylish side zipper large yards, boots female boots B078C7NT7L Parent
ZQ@QX Autumn and Winter thick with round head water-style side zipper students, bare boots short boots B078C7T5MB Parent , ZQ@QX Autumn and Winter Round Head water-ramp with wild-su boots side zipper boots female boots B078C7T5MG ParentZQ@QX Autumn and Winter waterproof Taiwan thick with a flat base and versatile side zipper, bare boots and short... B078C7ZRTT Parent
ZQ@QX Autumn and Winter Round Head bold and stylish large number of Ms. zipper short boots female boots B078C83BF2 Parent , ZQ@QX Autumn and Winter Round Head waterproof Taiwan thick with wild, large, bare boots short boots B078C83BFG ParentZQ@QX Autumn and Winter Round Head bold and stylish side zipper large yards, short boots female boots B078C83BFK Parent
ZQ@QX Autumn and Winter Round Head thick with the wild wind with college students, Martin boots female boots short... B078C856X3 Parent , ZQ@QX Autumn and Winter Round Head thick with sleek and su boots side zipper and versatile large, bare boots,... B078C8D9VK Parent
ZQ@QX Autumn and Winter round head with a flat base sleek and versatile side zip, short barrel boots female boots B078C85H2L Parent , ZQ@QX Autumn and Winter Round Head waterproof Taiwan thick with wild side zipper, bare boots women boots B078C8DW35 Parent , ZQ@QX Autumn and Winter Round Head thick flat bottom side Zip Code increased the ladies boots B078C8FWNX Parent , Fleet & Foster Womens/Ladies Bern Ankle Boots B078CQ851M 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.