AWXJX women's flip flops summer High heel Thick with Hollow B07CTM5WBD Parent , SYYAN Women's PVC Transparent Open toe Manual Pump Dress Sandals Black White B07D1JQ6H5 Parent , AWXJX women's flip flops summer Open toe Flat with Low-heeled Non-slip waterproof Beach B07CTM7L5T Parent
GTVERNH Thick Thick Bottom Slippers Female Summer Middle Heel Waterproof Platform Fish Mouth Middle Age Lady Dragging. B07CZ3VG4P Parent , AWXJX women's flip flops summer outdoor Casual flat mid heel B07CTMSKJR Parent
HGTYU Water Drill Cool And In Summer With Bold Insert The Drill Slippers Outer Wear B07CZYSGHP Parent , AWXJX women's flip flops summer Soft bottom High heel Flowers Bow tie flat Non-slip outdoor Beach B07CTMVTDW Parent
GTVERNH Slippers Girls Summer Wear Sloping Heels Thick Bottomed 8Cm High Heels Mom Cool Slippers Joker. B07CZ2LXJ4 Parent , AWXJX women's flip flops summer Thick bottom Slope outdoor Flat with Soft bottom Non-slip B07CTMWXK8 ParentGTVERNH Sequins Thick Heels Short Boots Bandages Pointy Heads High Heels Boots And Bare Boots Ma Dingxue B07CZ2TJ46 ParentAWXJX women's flip flops summer Slope High heel Transparent Open toe B07CTMXKLV Parent
SYYAN Women's PVC Transparent Open toe High heel Manual Pump Sandals Flip Flop B07D1KFRDX Parent , AWXJX women's flip flops summer Slope Thick bottom High heel waterproof B07CTNQN3Q Parent , SYYAN Women's Satin Bow tie Open toe High heel Pump Sandals Flip fFlop Black B07D1M4TXX Parent , AWXJX women's flip flops summer waterproof Thick with High heel B07CTP1BLB ParentGTVERNH Ladies Slippers Summer Outdoor Rough Heels Half High Heels Middle Age Mom Sandals. B07CYZQVXC ParentAngrousobiu High-Heeled Summer Sandals Summer Sandals Women Thick With Summer Sandals Women Exposed B07CVWP6MN Parent
GTVERNH Mom Sandals Ladies Summer Flat Bottomed Middle-Aged Pregnant Women Soft Bottom Wild Joker. B07CZ1X55Y Parent , Angrousobiu Summer Sandals Women Sandals Bohemia Travel Slippers Woven With Flat-Bottomed Slippers Women Sandals B07CVXGLZP Parent
AJUNR New/Fashion/Work/Ladies Sexy slim told nightclubs and versatile waterproof buckle 13cm high heels Outdoor... B07D485XW7 Parent , AWXJX women's flip flops summer High heel Thick with waterproof Open toe Outer wear B07CVXNQMD ParentAJUNR New/Fashion/Work/Ladies The tip of the bow tie with a flat base stylish blue slippers Outdoor Female Sandals B07D48GLZK Parent
AWXJX women's flip flops summer flat Slope Non-slip Toe Soft bottom seaside Holiday B07CVY16RD Parent , HBDLH Joker Female Summer Slippers Outside Wear Word Drag Cool Slippers Slope Heel Waterproof Platform Thick Bottom... B07D1ZR3ZM Parent
AWXJX women's flip flops summer Holiday Thick bottom Flowers Non-slip seaside Slope mid heel student B07CVY27CN Parent , YMFIE Dance party weddings high heels ladies summer bow thin hollow toe ankle sandals. B07D3S4LNC Parent , AWXJX women's flip flops summer Slope Outer wear Thick bottom Non-slip B07CVY48TM Parent , LGK&FA Sandals Girl Buckle With Small Fresh Temperament High Sandal Velvet Girl Low And 5Cm B07D34DW48 Parent , AWXJX women's flip flops summer Non-slip Outer wear Thick bottom Beach B07CVYLCMQ 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.