LUCKY ROAD High Heels Sandals Womens High Heel Classic Shoes Rivet Platform Office Dating Shoes B07D9MHYJK Parent
Large Size Women Pump Shoes 12cm Stiletto Ankle Strap Sandals Dress Shoes Open Toe D'orsay Rhinestone Deco Zipper... B07D9BN6YD Parent , Pump 11.5cm Stiletto Ankel Strap Sandals Floral Dress Shoes Women Fashion Pure Color Open Toe D'orsay Belt Buckle... B07D7Q4F67 Parent , Large Size Women Pump Shoes 11cm Stiletto Ankle Strap Sandals Dress Shoes Open Toe D'orsay Transparent Rivets... B07D9BRVZQ Parent
Pump 13.5cm Chunkly Heel Slingbacks Ankle Strap Sandals Women Comforty 5cm Thick Platform Peep Toe Rivets Nightclub... B07D7Q11N9 Parent , Onfly Pump 16cm Stiletto Peep Toe Sandals Dress Shoes Women Sexy Pure Color Hollow Zipper Ankel Cool Boots Party... B07D7Q5JSB ParentZHZNVX Women's Shoes PU Summer Gladiator Sandals Chunky Heel Open Toe Peep Toe Imitation Pearl Buckle for Office... B07DCNNGYK Parent
Large Size Women Pump Shoes 11cm Stiletto Ankle Strap Sandals Dress Shoes Sweet Open Toe D'orsay Rivets Bottons... B07D9BWLVN Parent , Pump 11.5cm Stiletto Ankel Strap Sandals Rhinestone Dress Shoes Women Fashion Colormatch Open Toe D'orsay Slingbacks... B07D7PPXQ3 Parent , Onfly Large Size Women Pump Clip Toe Sandals Thong Flat Heel Rhinestone Roma Shoes Sweet Beaded Chain Slingbacks... B07D9BN3K8 ParentLUCKY ROAD High Heels Sandals Blink Shoes Party Wedding Office Ladies Princess Queen B07D9M9DJK ParentWomens Rhinestone High Heels Sexy Strap Sandals Party Wedding Pumps Ladies Dress Open Toe Shoes B07DB838W3 ParentLUCKY ROAD Plus Sized Rivet High Heels Sandals Hippie Heavy Metal Style Summer Stiletto Heel Rhinestone Oversized... B07D9MK1B2 Parent
Women's Feather Ankle Strap Party Sandals Stiletto High Heels Ladies Peep Toe Shoes Evening Wedding Strappy Pumps B07DD8QQV8 Parent , MUYII Women's High Heels Autumn New European And American Shoes 6 CM Square Head With Ladies B07DB8GWNB ParentZHZNVX Women's Shoes PU Spring Summer Basic Pump Comfort Sandals Stiletto Heel for Casual Gold White Black Silver B07DCNNQKL Parent
ZHZNVX Women's Shoes Microfibre Spring Summer Basic Pump Sandals Stiletto Heel Rhinestone for Wedding Party,Evening... B07DCNRY4W Parent , Brezeh Women Summer Sandals,Womens Girls Summer Rhinestone Bead Sandals Shining Chain T-Strap Flat Sandals Shoes... B07DFMFX1H Parent , ZHZNVX Women's Shoes PU Summer Comfort Sandals Chunky Heel for Outdoor Gold Silver B07DCNV226 ParentZHZNVX Women's Shoes PU Spring Fall Comfort Sandals Chunky Heel for Casual White Black Red B07DCNFG71 Parent
ZHZNVX Women's Shoes Glitter Summer Gladiator Sandals Chunky Heel Open Toe Peep Toe Rhinestone Sequin Buckle for... B07DCPC481 Parent , ZHZNVX Women's Shoes Nubuck leather Spring Summer Comfort Sandals Chunky Heel for Casual Black Dark Green B07DCNSJN3 Parent
ZHZNVX Women's Shoes Synthetic Microfiber PU Spring Fall Comfort Sandals Low Heel for Casual Gold Black B07DD7NVG2 Parent , Womens Sexy Sandals Ankle Strap High Block Heels Ladies Peep Toe Pumps Evening Wedding Strappy Shoes B07DD9HLYH ParentWomen's Summer High Heels Sandals Large Size Thick Bottom Waterproof Platform Flat Leisure Shoes SIZE 34-43 B07DG2KZJB Parent
Women's Rhinestone Strappy High Heels Ankle Strap Sandals Party Prom Pumps Ladies Party Open Toe Shoes B07DD9FKT7 Parent , ZHZNVX Women's Shoes Synthetic Microfiber PU Spring Summer Slingback Basic Pump Ankle Strap Sandals Chunky Heel... B07DCNX9C7 Parent , LINYI Womens Ankle Strap Butterfly Sandals Summer Dress Shoes B07DFK8LDK ParentZHZNVX Women's Shoes Leatherette Spring Fall Comfort Novelty Fashion Boots Sandals Stiletto Heel for Wedding White B07DD72DHK 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.