MUYII Women's Latin Shoes With Golden Modern Dance Shoes Adult Soft-soled Shoes Middle Heel Shoes B07D3652J3 Parent
Women's Casual Shoes, Fitness Shake Shoes Spring, Summer And Fall Sport Walking Running Shoes Lightweight Shake... B07D36KC6W Parent , Women's Casual Shoes, Fitness Shake Shoes Spring, Summer Fall knit Sports Shoes Casual Shoes Wear-resistant Non-slip... B07D36WYS3 Parent , YMFIE Spring summer pointed shoes thin shallow high heels ladies' sandals. B07D37LCMS ParentYMFIE Spring summer fashion pointed shoes high heels ladies heels ankles sandals. B07D37R8CK Parent
Women's Casual Shoes, Shake Shoes PU Spring Fall Comfort Sneakers Flat Heel Round Toe Ladies Shaking Shoes Fitness... B07D37W8P4 Parent , YMFIE Fashion simple summer fashion pointed shallow high heel shoes ladies' sandals. B07D37YRW5 ParentKPHY Women'S Shoes Canvas Shoes Students Joker Harajuku Street Little White Shoes. B07D3HLHR4 ParentKPHY Thick Bottom High Inside Women'S Shoes Summer And Autumn Slope Heel Students Joker Sports Shoes Single Shoes. B07D3J4RS9 Parent
KPHY Spring Fine Heel Suede 12Cm High Heel Shoes Round Head Sexy Wedding Shoes Single Shoes. B07D3HTWBV Parent , KPHY Sports Shoes Harajuku Jogging Students Leisure Running Light Women'S Shoes B07D3HV5QC ParentKPHY-14Cm Super High Heel Thin Heel Patent Leather Round Head Waterproof Platform Simple Presiding Princess Women'S... B07D3HVCND ParentKPHY Women Students Thick Bottom Leather Breathable Sports Board Shoes. B07D3HY6MY Parent
KPHY Sports Shoes Korean Version Joker Flat Bottom Leisure Students Street Shooting Women'S Shoes Board Shoes. B07D3J1GVV Parent , KPHY Thick Bottom Leisure Sports Shoes Students Wild Games High Inside Women'S Shoes Spring Single Shoes. B07D3HYHD6 Parent , KPHY Spring Suede Round Head 12Cm High Heel Shoes Buckles. B07D3HVSSG Parent , KPHY Spring Single Shoes Leisure Sports Tourism Running Flat Bottomed Skid Resistance Students Women'S Shoes B07D3J3WJD Parent , KPHY Thick Bottom Muffin Velcro Flat Heel Students Jokers Heighten Exercise Leisure Women'S Shoes B07D3HPSZC Parent
KPHY Autumn Joker Fashion Pointed Women'S Shoes Buckles High Heels Thin Heels Single Shoes. B07D3J4KR7 Parent , KPHY Autumn Thick Bottom High Inside Embroidery Leisure Students Board Shoes Frenties Joking Women'S Shoes B07D3J2LND Parent
KPHY High Heel Shoes Spring Female Fine Heel Round Head Pearl Fringed Flower Metal Decoration Sexy Single Shoe. B07D3J4SBF Parent , KPHY High Heels Crossover Bandage Suede Fine Heel Single Shoe Waterproof Table Shallow Mouth Round Head Night... B07D3J55X3 Parent , KPHY In Autumn Harajuku Joker Inside Height Thick Bottom Board Shoes Leather Canvas Shoes Leisure Women'S Shoes. B07D3J56KT Parent , KPHY High Heel Shoes 12Cm Fine Heel Glossy Face Round Head Women'S Shoes. B07D3J775Y Parent , KPHY Old Beijing Cloth Shoes Jacquard Cotton National Wind Buckle Increased Inside Women'S Shoes Bride'S Shoes... B07D3J7MCL Parent , KPHY Inside Heighten Women'S Shoes Hollowed Out Breathable Wild Sports Casual Shoes B07D3J7S2L Parent , KPHY Inside Women Autumn Wild Thick Bottom Slope Heel Students Sports Casual Shoes. B07D3J88MF Parent , KPHY Old Beijing Cloth Shoes Female Gowns Embroidered Shoes Single Shoes Square Dance Shoes Slope Heels Cloth... B07D3JC2SN Parent , KPHY Velcro Female Thick Sole Sponge Cake Shoes Student Leisure Sports Shoes. B07D3JC2SP 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.