Women's Ladies Chunky Heel Single Shoes Rough High Heels Slip-On Black Party Work Business Career B07BDLXNRC Parent
Women's Ladies Pointed Toe Rough High Heel Chunky Shoe Pumps Black Leather Court Shoes Party Dress Work B07BDM49PS Parent , Women's Ladies Pumps High Heel Closed Toe Stiletto Shoe Suede Court Shoes Slip On Party Dress Nightclub B07BDM592W Parent
Women Ladies Pointed Toe Rough High Heel Chunky Shoe Pumps Gold Black Leather Court Shoes Party Dress Work B07BDM8NFQ Parent , Women's Ladies Pumps High Heel Soft Leather Closed Toe Stiletto Shoe Bow Tie Court Shoes Black Brown Party Dress... B07BDMB66B ParentGUESS by M. Women's Court Shoes Beige Beige B07BDMMWXM ParentCXQ-Heels qin&X Women's Stiletto High Heels Shallow Mouth Party Nightclub Platform Shoes Pumps B07BDQ1PHZ Parent
Man/Woman CAFèNOIR Cafè Noir KMB115 B07BDRH5N3 Parent main category International choice Modern mode , La Veintinueve Women's Court Shoes Burgundy B07BDRRQ8K Parent
Women's Ladies Pointed Toe Rough Low Heel Single Chunky Buckle Pumps Black Leather Pearl Flats Court Shoes Party... B07BFB7RYX Parent , VialeScarpe Women's Court Shoes Pink Pink 37 EU B07BFLGSVV ParentVialeScarpe Women's Court Shoes Blue Blue 36 EU B07BGDPHR9 Parent
Gentlemen/Ladies Callaghan 21921 Mocassin Women B07BGGXN8N Parent fashion Impeccable Vintage tide shoes , DKFJKI Single Shoes Women Europe and The United States Leather Women's Shoes Pointed Rivets Rough High Heels Work... B07BWLV1KW Parent , Man/Woman Martinelli 1365-3486A Rojo B07BWW4PJC Parent fashion Orders are welcome comfortable
DKFJKI Single Shoes Casual Leather Women's Shoes Round Head Thick Heel Heel Metal Fasteners B07BXHYMT5 Parent , Women's Shoes Four Seasons Shoes Heel Shoes Korean Tip Thick Heel Genuine Leather Shallow Comfortable B07BXQ7YBT ParentMi Amor 2900 BLU Court Shoes Woman Blue 36 B07BXZ8S67 ParentDKFJKI Single Shoes Female Square Head Lazy Shoes Rough Heel Leather Metal Square Buckle Middle Heel B07BY1SM1P ParentDKFJKI Women's Shoes Shoes Fashion Thick Heel Full Leather Pointed Mixed Color Medium Heel B07BY2Y1KQ ParentMi Amor 2900 BLU Court Shoes Woman Blue 39 B07BYGZBD9 Parent
DKFJKI Women's High Heels Genuine Leather Single Shoes Stilettos Fashion Professional Shoes B07C79LGJV Parent , Waldlaufer 358303 Ladies Court Shoe with Strap Fastening, Wide Fit B07C27FZQ6 Parent , DKFJKI Shallow Mouth Shoes Hollow Shoes Fine Sandals Leather Colour Matching Cat Heel Pointed Roots B07CG8NP16 Parent , AIYOUMEI Ladies Leather Low Block Heels Pointy Court Shoes Bow B07C256FNF Parent , NOGUERON Women's C5NA010A Court Shoes Yellow Lemon Tree B07C96J7SB Parent , DKFJKI Women's Shoes High Heels Ribbon Square Head Mary Jane Shoes Simple Stylish Casual Personality B07C3XFQ6D ParentNOGUERON Women's C5NA010N Court Shoes Black B07C978Z7Y Parent
DKFJKI Women's Shoes Fashion Personality High Heels Embroidery Suede B07C3ZD12P 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.