GCH Over the knee, snow boots, winter, thick, warm B07HQRCGTR Parent , YIWANGO Boots Ladies Pointed Toe Ankle Boot Mid Heel Zip Womens Autumn Sexy Party PU Leather Chelsea Boots B07HQT2HYP ParentYR-R Womens Sexy Pointed Toe Suede Stiletto High Heels Side Zip Studs Ankle Boots For Ladies Nightclub Banquet... B07HQRMXPQ Parent
GCH Snow boots, winter, warm, wild, plus velvet B07HQRDFTZ Parent , Beiao Womens Cowgirl Modern Western Distressed Boots Slough Ankle Bootie Plue Size B07HQSKD2P Parent , Artfaerie Womens Stiletto Heels Ankle Boots Glitter Booties with Fur Pointed Toe High Heel Wedding Party Shoes B07HQT2H7Z ParentBeiao Womens Retro Suede Fringe Moccasin Flat Heel Snow Tassel Ankle Boots B07HQTJH8Z Parent
Shiney Women's Boots Suede Stiletto Heels Pointed Toe Boots Plush Side Zipper Fashion Wild Autumn Winter B07HQT6HXD Parent , YIWANGO Boots Womens Mid Heel Faux Suede Zip Elegant Round Toe Ladies Ankle Boot B07HQS5GR6 Parent , KOKQSX-Round head low heel flat bottomed elastic boots raised inside Ma Dingxue B07J6FS1CR Parent , Fashion rivets autumn and winter retro round head thick bottom super high heel large size women's boots B07J6FVYBC Parent , XDX Winter Women'S Boots - Warm Anti-Skiing Boots/Inner Heights Women'S Booties / 36-43 B07J6G367Q Parent
LIANGXIE Ms. Chelsea Booties Women 2018 Fall/Winter New Flat Student Thickened Plus Velvet Martin Boots Children... B07J6G1XMR Parent , KOKQSX-Martin boots joking leisure with high 6CM sponge cake bottom. B07J6G8SHH Parent
XDX Women'S Boots - Short Tube Mesh Side With Women'S Single Boots/Non-Slip Wear-Resistant Rubber Sole/Temperament... B07J6G43SB Parent , Martin Boots Adult Boots Classic Boots Classic Leather Leather Retro Military Boots Desert Boots High to Help... B07J6GHF1B Parent , KOKQSX-Thick heel short boots round head low heel thick heel short boots women's leather boots. B07J6G9W9T ParentSHOESHAOGE Women'S Fashion Boots Pu(Polyurethane) Fall Boots Chunky Heel Boots Black/Beige / Gray B07J6GSG2T ParentLBTSQ-Thick And Short Boots 4Cm Boots Leather Boots Velvet Wild Boots Martin Boots High Heels. B07J6GKWM7 ParentKOKQSX-Martin boots joker high heel 7CM thick heel short boots. B07J6H1FJ6 ParentWomen's Martin Boots Thick Thick Sole Leather Boots Outdoor Skid Warm Snow Boots B07J6H6PK6 Parent
Women's Leather Casual Ankle Boots Oxford Boots Warm Booties Zipper Shoes Snow Boots B07J6H6BZN Parent , CUYE Women's High Heels and Ankle Boots, Large Size Thick Waterproof Platform High Heel Boots 33-43 B07J6HGRJ3 Parent , Vitalo Womens High Heel Stiletto Pointed Toe Floral Print Ankle Boots Zip Up Party Prom Booties B07J6HH47R Parent , Vitalo Womens High Heel Stiletto Pointed Toe Ankle Boots Zip Up Party Prom Booties B07J6HH34N ParentMamrar Snow Boots Non-Slip Cotton Boots Women Round Toe Flat Bottom Short Boots Warm Woven Pattern Ankel Bootie... B07J6HK24C Parent
Women's Wedge Heel Ankle Boots, Autumn and Winter Warm Shoes with Wedges and Non-Slip Bottom Cotton Shoes35-43 B07J6HPGLB Parent , Autumn and winter large size leather boots thick with over the knee boots high heel women's boots B07J6HM1DZ Parent
KOKQSX-Side zipper high heel 6CM short boots Martin boots joker pointed head thin heel women's boots. B07J6J4YNV 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.