HBDLH Women's shoes/Breathable/Summer Women'S Sandals Mother'S Shoes With Fish Mouth Leather Hollow Flowers Soft... B07FM8BY65 Parent , HBDLH Women's shoes/Breathable/Spring 10Cm High Heel Shoes Sharp Head Shallow Buckle Thin Shoes Black And Thin. B07FM8BYWN ParentHBDLH Women's shoes/Breathable/In Autumn The White Shoes Are Increased. B07FM8P7NF Parent
HBDLH Women's shoes/Breathable/Sexy Thin Shoes With 11Cm High Heel Light Face Pointed Diamond Single Shoe. B07FM8QV96 Parent , HBDLH Women's shoes/Breathable/Elegant Summer Plain Printed Buckles Low Heel Shoes Single Shoes. B07FM8RF5D Parent , SBL Super fire casual shoes, breathable white shoes, hollow mesh shoes, lightweight,Gold,35 B07FM8WHSF Parent , HBDLH Women's shoes/Breathable/Summer Slope With Thick Bottom Slippers Genuine Leather 8Cm High Heel Slippage... B07FM8V6G9 Parent , HBDLH Women's shoes/Breathable/Simple Side Empty Flat Shoes Comfortable Anti Slip Soft Bottom Pregnant Summer B07FM946LM Parent , HBDLH Women's shoes/Breathable/White Shoes Summer Increased Height Breathable Sports Network. B07FM92XK1 ParentHBDLH Women's shoes/Breathable/Bow Tie Shoes With 12Cm High Heels Open Toe Sexy Hollowed One Word Buckle. B07FMBSZK9 Parent
HBDLH Women's shoes/Breathable/Thick Bottom White Shoes Women'S Single Shoes Autumn Net Shoes 10Cm Super High... B07FMBSZ2X Parent , HBDLH Women's shoes/Breathable/Waterproof Table Fish Mouth Shoes White Show 10Cm High Heel Summer Rough Waterproof... B07FMCTCD9 ParentHBDLH Women's shoes/Breathable/10Cm Super High Heel Shoes Coarse Cheongsam Walking Shoes Round Head. B07FMBSZKT ParentSBL Super fire casual shoes, breathable white shoes, hollow mesh shoes, lightweight,Gold,39 B07FMD4WDB Parent
HBDLH Women's shoes/Breathable/Spring Leather Shoes Bean Shoes Mother Casual Shoes Maternity Shoes Flat Sole Shoes... B07FMCTCDK Parent , HBDLH Women's shoes/Breathable/Summer Comfort Beans Soft Bottom Women Shoes Metal Square Head Shallow Mouth Breathable... B07FMF93L8 ParentSBL Super fire casual shoes, breathable white shoes, hollow mesh shoes, lightweight,Gold,36 B07FMD5WBN ParentHBDLH Women's shoes/Breathable/In The Spring And Autumn Season The Bow Is Shallow Square Comfortable Flat Bottomed... B07FMFPXNG Parent
HBDLH Women's shoes/Breathable/In Spring And Autumn Students Step On One Foot Canvas And Breathable Leisure Shoes. B07FMFPXNC Parent , HBDLH Women's shoes/Breathable/Summer Embroidered Hollow Surface Shallow Pointed Tip Comfortable Flat Bottom Single... B07FMGVBBQ Parent
HBDLH Women's shoes/Breathable/Female Cool Drag 13Cm High Heel Thick Bottom Rough With Fish Mouth Word Slippers. B07FMGRKMC Parent , HBDLH Women's shoes/Breathable/Small White Shoes Soft Leather Students' Leather Shoes Spring Flat Bottomed Shoes. B07FMGVBBZ Parent , HBDLH Women's shoes/Breathable/Muffin Slippers Summer 11Cm Super High Heels Thick Waterproof Table Fish Mouth. B07FMGVBBX Parent
HBDLH Women's shoes/Breathable/A Pair Of Shoes Fashionable Shoes With High Heels And Four Pointed Buttons. B07FMJZCJV Parent , Huaishu Women's Slippers Summer Fashion Wear New Muffin Ethnic Style Leather Increase Thick-soled Embroidery Shoes... B07FMJBZWM Parent
T.T-Q Women's Dance Shoes Leatherette Stiletto Heel Beginner Outdoor Black B07FMY8PVP Parent , CITW Women's Sneakers Mesh Breathable Sneakers Coconut Old Shoes Running Shoes Women's Shoes B07FMKVRFB Parent , T.T-Q Ballroom Women's Dance Shoes Satin Rhinestone Heels Stiletto Beginner Professional Black B07FMZP29F Parent
T.T-Q Women's Dance Shoes Satin Fla Heel Nude B07FMYLSDT 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.