SFSYDDY-Thin Hollow Women'S Shoes Spring And Summer Bow Buckles Sandals Sexy Pointed Single Shoes. B07D6BBBFX Parent , SFSYDDY-Sexy Cross Belt 12Cm High Heel Women'S Shoes Summer Section Waterproof Table Toes Sandals Buckles Fish... B07D6BGDVS Parent , Women's Shoes Rhinestone Sandals Female 2018 Summer New Thick With High Heels Mother Shoes Women Shoes Casual... B07D6G33NM Parent , KPHY Color Matching Temperament Women'S Shoes Summer Sexy Waterproof Table Thin Heel Sandals Temperament A Word... B07D6GS4XL Parent , Women's High Heel Shoes 2018 Summer New Ankle Strap Party Dress High Heel Cross Straps Sandals Women Night Clubs... B07D6GSPG2 Parent
KPHY Coloring Hollowing Thin Heel Sandals Summer Handsome Rivets Rome Shoes Women Buckles 10Cm High Heels. B07D6GVRW5 Parent , KPHY Belt Buckle 9Cm High Heel Shoes Summer Elastic Buckles Sandals Thin Heels Women'S Shoes Toes. B07D6GVRW4 Parent , ZJM- Women High-heeled Sandals Linen Fabric Casual Feminine Summer Thin Shoes Gorgeous(34-42size) (Color : Pink... B07D6Q28W8 Parent
KPHY Rivets Thin Heels Sandals Personalities Toes Women'S Shoes Summer High Heels. B07D6GY5L4 Parent , ZPL Womens Pointed Toe Strappy Platform Stiletto Ladies High Heel Ankle Strap Sandals Pumps Party Shoes Size 35-44 B07D7VNS79 Parent , KPHY-6Cm High Heel Shoes Summer Comfortable Wild Sandals Buckles Toes Women'S Shoes. B07D6H1BGJ Parent , ZPL Womens Ladies Sandals Mid High Heel Strappy Party Wedding Prom Ankle Strap Shoes Suede Size B07D6NZGH9 Parent , ZPL Womens Ladies Sandals Wedding Ankle Strap Mid High Heel Strappy Party Wedding Prom Shoes Size B07D6NPH6B ParentMSFS Ladies Shoes Wedding Stiletto Heel Bride Rhinestone Ankle Strap Blue Party & Evening Size 35 To 40 B07D6PY2Z1 Parent
ZPL Womens Sandals Low Mid Heel Block Peep Toe Ladies Ankle Strap Shoes Party Strappy Size 3-11 B07D6NRS5D Parent , Sandals Fashion Two wear Sandals Shoes Rhinestone with Women's Shoes Word Buckle Thick with Square Head Shoes... B07D73WVPT Parent , MSFS Ladies Shoes Wedding Stiletto Heel Bride Pearl Tassel Ankle Strap White Size 35 To 40 B07D6P55HZ Parent
KPHY Coloring Stripes Buckles Toes Suede Jigsaw Sandals Summer High Heeled Women'S Shoes. B07D6GY5L2 Parent , ZJM- High-heeled Sandal Women Leather Shoes Office Worker High Heel Shoes With Tassels Bead (6-8cm Heel) (Color... B07D6PW4R2 Parent , ZPL Womens Ladies Strappy Stiletto High Heel Sandals Ankle Strap Peep Toe Shoes Party B07D6P2H27 Parent , MSFS Ladies Shoes Wedding Platform Stiletto Heel Bride Pearl Ankle Strap White Size 35 To 40 B07D6PY5PK Parent , Ren Chang Jia Shi Pin Firm Girls' Shoes Sandals Summer Europe and The United States Sandals Women's Leather Tassels... B07D6QRKNR Parent , ZJM- Women High-heeled Sandals Roman Casual Gorgeous Bling Bling Feminine Summer Thin Shoes Gorgeous(34-41size... B07D6QHW5L ParentZPL Womens Ankle Strap Block Heel Sandals Ladies Strappy Buckle Prom Party Evening Shoes Size 3-8 B07D6NPH6P Parent
Women's Shoes Artificial PU Spring Summer Comfort Sandals Crude Heel Low Top High Heels Sandals Women Single Shoes... B07D6ZZQN3 Parent , YMFIE Lady square Heel Ankle sandals toes suede sequins fashionable elegance high heeled shoes. B07D78NFCY Parent
Women's Sandals Female Shoes Thick Heel Fish Mouth Shoes Mom Shoes High-Heel Shoes Genuine Artificial PU - Comfortable... B07D74QWC5 Parent , Xi Man Shop Comfortable Summer High Heel Shoe Buckle Women's Sandals Summer Platform Sandals B07D7TF6P1 ParentRen Chang Jia Shi Pin Firm Sandals Girls Shoes Sandals Summer Slope Sandals Fashion Mesh Rhinestone Heels Heels... B07D7Y4F5K 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.