KHSKX-Martin Boots Boots With Thick Waterproof Boots All-Match Single High-Heeled Shoes In Winter B077P28MJM Parent
KHSKX-Spring And Autumn Vintage High Heeled Buckle With Coarse Documentary Shoes Round Head High Heels Shallow... B077P27V4Z Parent , KHSKX-Sweet Princess Shoes Bow Heels Single Shoes Waterproof Shoes Round Head Stage Shoes B077P2KF1C Parent , KHSKX-The Slope With Fish Mouth Sandals Female Summer High Heeled Platform Shoes Waterproof Taiwan Red Sequin... B077P2CMHQ ParentKHSKX-Korean Sexy High Heel Single Shoe Girl Waterproof Table Round Sweet And Thick With Female Shoes Spring Princess... B077P2L44B ParentKHSKX-Super Thick Bottom Leather Fashion Winter Boots With Velvet Stealth Increased High Heeled Shoes For Casual... B077P2KS3K ParentKHSKX-New Sexy Shoes For Winter And Autumn The Waterproof Side Of The Temperament Side Zipper Pointed Heel Heel... B077P2L8QR ParentKHSKX-Adult Ceremony High-Heeled Shoes Female And Female New Summer Students All-Match Fine With Korean Girl Shoes B077P2R1MW ParentKHSKX-Super High Heel 12Cm Single Shoe Word Buckle Round Head Shallow Waterproof Table Fine Heel Women'S Shoes B077P2QVX8 Parent
KHSKX-Our Boots With Fine Pointed Shoes Boots And Single Martin Boots Boots Short Canister Boots And Bare Ankle... B077P2R4Y3 Parent , KHSKX-Winter Boots With Velvet Cross Straps Ultra High-Heeled Platform Shoes Matte Wedge Sneakers B077P2R1N3 Parent , KHSKX-Waterproof All-Match Black Autumn New Fashion Shoes High Heels With Martin Crude Short Tube Winter Boots... B077P2T4CT Parent , KHSKX-Winter Boots Shoes Summer New Spring Tide High Heels All-Match Rough Boots Female British Style With Martin B077P2YBW4 ParentKHSKX-In Spring And Autumn Single Shoes High Heels Shallow Round Heel Waterproof Table Sexy Women Autumn Shoes... B077P2WCDJ ParentKHSKX-Korean Super High Waterproof Table Coarse Heel High Heel Shoes Sexy Princess Banquet Shoes Women'S Shoes... B077P383ZK Parent
KHSKX-High Heeled Single Shoe Waterproof Table Round Bow Knot Princess Wedding Shoes Rough Heel High-Heeled Shoes... B077P356VM Parent , KHSKX-Short High-Heeled Boots Shoes Students Shoes Wedges Winter White All-Match Two Wear Short Canister Boots B077P38CS4 Parent , KHSKX-Summer Wedges Muffin Bottom Female Thick Soled Shoes Red Wedding Shoes High-Heeled Shoes Over The Bride B077P3D2GS Parent , KHSKX-The New Version Of Winter Shoes Women'S Pointed High-Heeled Women'S Shoes And Cashmere Boots With Martin... B077P3K1GT Parent , KHSKX-Autumn And Winter Shoes High-Heeled Boots With Thick Female Waterproof Boots Short Boots Shoes B077P3TSWH Parent , KHSKX-The New Autumn And Winter Boots With Coarse Female Martin Boots British Style Single All-Match Pointed High-Heeled... B077P41GJG Parent , KHSKX-High Heeled Shoes With The Increase In Crude Stealth Platform Shoes And Boots To Wear Two Cashmere Wool... B077P439XR Parent , KHSKX-The Korean Version Of The New Summer Shoes High Heels Fish Mouth Waterproof With Coarse Thick Sponge Sandals... B077P4DCP7 Parent , KHSKX-The Spring And Autumn Korean Word Strap High Heels With Thick Suede All-Match Shallow Mouth Working Women... B077P47X16 Parent
KHSKX-Korean Version Of The New Air Shoes Shoes Thick Bottom Muffin Increased During The Spring And Autumn Shoes... B077P4Q2J4 Parent , KHSKX-Black Butterfly Fish Mouth High-Heeled Shoes Female All-Match Waterproof Sandals New Summer Autumn Fine... B077P4QCQH Parent , KHSKX-The New Autumn And Winter All-Match High Heels Shoes Muffin Martin Boots Thick Bottom Slope Increased With... B077P5SGXB Parent
KHSKX-New Shoes For Europe And Winter Women'S Heel And Heel Pointed Suede Short Boots Martin'S Sleeve Boots Bare... B077P53RNX Parent , KHSKX-White Pedal Slip-On Super Chun Pu Leather High-Heeled Platform Shoes Bow Leisure Shoes B077P5SGXC 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.