AWXJX Summer women's flip flops Slope High heel waterproof Transparent A font B07CG9GQPV Parent , ZHZNVX The New Winter Bright finish leather rivets thick with high-heeled boots and tip. B07CG9FKZQ Parent
AWXJX Summer women's flip flops flip flops High heel Slope Non-slip B07CGDBKQR Parent , AWXJX Summer women's flip flops Pinch Slope Thick bottom Bow tie Non-slip High B07CGB2XTY Parent , ZHZNVX The new stylish pointed high heels girl B07CGKJH7D Parent , ZHZNVX The new European and American style lounge 亮 rivets thick with sandals dew-president cool slippers B07CGHNTVJ ParentAWXJX Summer women's flip flops Thick bottom High heel Pinch Slope B07CGLH5RZ Parent
ZHZNVX The new fish mouth sandals female transparent thick and wild high heels sandals B07CGL4RNT Parent , ZHZNVX Women's new high heels sandals thick with flowers on the tether strap sandals B07CGPKVXF Parent , OME&QIUMEI Slippers In Summer And Cold Towels And Thick Bottom Sandals B07CGLL6CF Parent
AWXJX Summer women's flip flops flip flops seaside Outer wear Thick bottom Non-slip B07CHCTZDB Parent , AWXJX Summer women's flip flops Frosted Leatherette High heel Thick with Thick bottom B07CGQS1BJ ParentAWXJX Summer women's flip flops Transparent Thick bottom Slope Outer wear High heel B07CHJ6FYG Parent
AWXJX Summer women's flip flops Baotou Half drag student Thick bottom B07CHGWH7R Parent , ZHZNVX The spring and summer new transparent fine with high heels and Versatile tip sexy walk crystal sandals... B07CHVHQNX Parent , AWXJX Summer women's flip flops FlowersBeach Pinch Non-slip High heel B07CHNP9JD ParentZHZNVX The new satin cross straps sexy flow of high heels sandals B07CHXV8T9 ParentZHZNVX Slotted with high-heeled sandals female summer Korean version of the new slim and sleek and versatile simple... B07CHVTNDK ParentAWXJX Summer women's flip flops flip flops Slope High heel Casual Non-slip B07CJM5PVB Parent
ZHZNVX The ultra-high-like sandals new transparent crystal thick with sandals fish mouth roman tether is very... B07CJ2RWGP Parent , dilyde Women's Latin Salsa Leatherette Sandal Indoor Performance Professional Beginner Practice Stiletto Heel... B07CK58QRD Parent , dilyde Women's Latin Satin Sandal Sneaker Heel Practice Buckle Ribbon Tie Hollow-Out Flared Heel Black Beige Green B07CK51V6H Parent , Women's Latin Paillette Leatherette Sandal Indoor Chunky Heel Gold Silver Purple Non B07CKBYWX4 Parent
dilyde Women's Latin Ballroom Satin Heel Customized Heel Black Blue Almond B07CK5NTQ7 Parent , AWXJX Summer women's flip flops High heel Non-slip SlopeThick bottom B07CKQ5N99 Parent , ZHZNVX The new metal chain with a simple word like sandals which were lattice B07CKPD3CZ Parent
AWXJX Summer women's flip flops Outer wear mid heel Non-slip Pinch Thick bottom B07CKYGG9W Parent , AWXJX Summer women's flip flops Slope High heel waterproof Transparent A font 7.5 US/38 EU/5 UK apricot B07CKV8V9Q Parent
AWXJX Summer women's flip flops Slope High heel waterproof Transparent A font 6 US/36 EU/3.5 UK apricot B07CL3NQQL 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.