FLYRCX Black pointed high heel shoes elegance single shoe lady sexy suede thin and shallow working shoes B07BDMRZM4 ParentFLYRCX Ladies summer sexy personality fashion high with sandals party shoes B07BDMX32K ParentKPHY-Water Drill Sequins Wedding Shoes Super Heels Bride Shoes Shallow High Heels Spring And Autumn 11Cm Fine... B07BDN34DZ Parent
Ajunr The Fine followed Tip Leisure Single shoes Retro pink Women's shoes Wild 7cm high-heeled shoes Light port... B07BF6V5WD Parent , Ajunr Water drill Light port Fashionable Single shoes Women's shoes Retro 10cm red high heels Casual,Office,Work... B07BF7622J Parent , Ajunr Fashionable Women's shoes Tip Fine followed Simple pink Wild 9cm high-heel shoes Casual,Office,Work,WOMENS... B07BF8ZM5M Parent
Ajunr Single shoes Fashionable Tip Fine followed Women's shoes Light port Leisure Wild 7cm black high heels Casual... B07BF9ZQQ2 Parent , Ajunr Fashionable Women's shoes Tip Fine followed Light port Simple Wild Elegant 8cm black high heels Casual,Office... B07BFBG27T ParentAjunr The grid cloth Tip rough with Single shoes Spring Light-7cm high-heeled shoes Wild beige Work Shoes Casual... B07BFBJ4GZ Parent
Ajunr Tip Light port Fine and 6cm high-heeled shoes Women's shoes Fashionable Wild khaki commuting Casual,Office... B07BFBK1C9 Parent , Ajunr Fashionable Women's shoes Light port Elegant gray Wild 9cm high-heeled shoes Single Shoes Casual,Office,... B07BFBL6MS Parent , Ajunr Fashionable Women's shoes Tip bold follow Wild Retro khaki Matt 7cm high-heeled shoes Single Shoes Casual... B07BFBML2K ParentAjunr Tip Light Port The fine followed Grid Fashionable champagne color Retro 8cm high-heeled shoes Women's shoes... B07BFBTNLV Parent
Ajunr Tip Fine followed fiber Fashionable Women's shoes commute Wild beige Leisure 9cm high-heeled shoes Single... B07BFBV7X8 Parent , Ajunr Fashionable Women's shoes Tip Light Port The fine followed commute m white Wild 8cm high-heel shoes Casual... B07BFBXH3C Parent , Ajunr Tip Light port Fine and 9cm high-heeled shoes Women's shoes Matt Wild Fashionable temperament khaki Casual... B07BFC6GNT Parent
Ajunr New/Fashion/Work/High-Heel/Women Sandals Autumn and winter all-match with small shoes pointed matte flanging... B07BKZV329 Parent , Ajunr Fashionable Tip Fine followed Light port Wild beige modern 10cm high heels Casual,Office,Work,WOMENS,Elegant... B07BFCHLH8 ParentAjunr Tip Light Port The fine followed banquet shoes Women's shoes Fashionable commuting 8cm black high heels... B07BFCLH4J Parent
ZHUDJ Fish Mouth Super High Heel Shoe Female Butterfly Knot Shallowly Thin Heel Fine Heel Waterproofing Desk Fall... B07BFWSWQ1 Parent , Ajunr Square head aesthetics Light port the commute Bold and 9cm high-heel shoes Fashionable Wild m white casual... B07BFCT18F Parent , MDRW-Lady/Elegant/Work/Leisure/Spring 7 5Cm Pointed High-Heeled Shoes Shoes Shoes Rivets Word Buckle All-Match... B07BK34K9N ParentAjunr Fashionable Women's shoes Tip Fine followed Light port Wild Gold 10cm high-heeled shoes Single Shoes Casual... B07BFCZ4JZ Parent
MDRW-Lady/Elegant/Work/Leisure/Spring 7Cm Shoes High Heels A Buckle Rough With The Shoes All-Match Black Tip B07BK4LSDY Parent , Ajunr Fashionable Women's shoes Tip Fine followed slotted cross strap Elegant Wild and color sandals 9cm high-heel... B07BFDWWYY ParentAjunr Tip Light port rivets Fine and 9cm high-heeled shoes Fashionable Wild White Retro women shoes Casual,Office... B07BFDX5M7 ParentAjunr Fashionable Women's shoes Light Port The fine followed commute Bow Tie Wild Gray 9cm high-heeled shoes Single... B07BFDYNGH Parent
Ajunr Single shoes Matt Tip hasp 9cm high-heeled shoes Fashionable Wild Brown Women's shoes Casual,Office,Work... B07BFCWY1D Parent , SHOESHAOGE Women Shoes High-Heeled Slope With Sponge Cake Thick Ladies Casual Sandals Female B07BGXQW4P 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.