Gabor Women's Large High Heeled Sandals Big Shoes, Größe:44 B01C7ATY7A Parent , W&W Women Ladies Evening Fashion Sandal Slip On Flat Comfort Party Diamante Shoes Size(LASER) B016A75QTQ Parent
Raquel Perez Wedge Sandals Shoes with Leather Bottom Anatomic 3 cm, mid and Rubber Grip Sole Leather Summer -... B01EPG1SEG Parent , Bertie by Dune GHIANNA Black Strappy Leather Platform Wedges B01FSX2G5U ParentIGI CO 38502 Black Suede Sandals Women Shoes Leather Rhinestone B00W87U3A0 Parent
Man's/Woman's Fabulicious LIP-194 B00DGII8AW Parent Adequate supply and timely delivery Primary quality various kinds , RTRY Women'S Shoes Pu Summer Comfort Heels With For Casual Red Black White B075MBWPVT ParentEIK-Women's Shoes Breathe Freely Hollow Out Dazzling Chunky Heel Comfort Sandals Dress Blue / Pink / White B01FUAGAQC ParentSophisticated 4.5 Inches High Heel Shiny Platform Celebrity Shoes - SHO168-3-4.5/BLACK B00R4L0P6C ParentT-Shoes Women's Minorca Fashion Sandals B00D5VNA80 ParentMan/Woman Fabulicious CHIC-05 B00FEXQI18 Parent feature Upper material Export
IGI CO 18720 black patent leather heel sandals shoes woman B00JLEZ8PS Parent , Fabulicious FABULICIOUS CHIC05 Women's Platform Sandal 4 12" Stiletto Heel Ankle Strap Shoe Clear-Black/Clear... B00FEXQD4A Parent
Keys 5436 Taupe Shoes Woman Sandal zeppetta Rhinestone Bracelet B01F7FOWHY Parent , Gentleman/Lady Angel Navy Sandal Fitters B01F78XDP8 Parent Clever and practical Reliable performance comfortable
EIK-Women's Shoes Heel Wedges / Peep Toe Sandals Outdoor / Dress / Casual Black / Green / Beige / Orange B01FUAG8CI Parent , Laura Biagiotti 937 Black Women Shoes High Heel Sandals Plateaux B01CSEZ1HC Parent , EIK-Women's Shoes Leatherette Flat Heel Comfort / Open Toe Sandals Dress / Casual Black / Red / Beige B01FUADU1A ParentWomens High Heel Platform Sandals With Ankle Strap Open Toe Shoe Embellished With Small Diamante Stones B00T3TCPUM Parent
EIK-Women's Shoes Leatherette Flat Heel Mary Sandals Dress / Casual Black / Brown B01FUAFA9U Parent , EIK-Women's Shoes Heel Heels / Pointed Toe Sandals / Heels Outdoor / Dress / CasualBlack / Blue / Pink / Red /... B01FUAFDLU Parent , EIK-Women's Shoes Wedge Heel Peep Toe Sandals Dress Blue/Yellow B01FUAFUNG Parent , ShangYi Customized Women's Latin Dance Shoe Customized Heel Open Toe Dance Sandal for Women B01G1GAHIQ Parent , EIK-Women's European Style Color Block Shoes Magic Tape Peep Toe Flat Heel Comfort Sandals Dress B01FUAGGNE Parent , EIK-Women's Shoes Leatherette Flat Heel Open Toe Sandals Dress / Casual Blue / Yellow / Purple / White B01FUAG26A Parent , EIK-Women's Shoes Cross Beading Chunky Heel Comfort Sandals Dress More Colors Can Available B01FUAGN7I Parent , EIK-Women's Shoes Heel Heels Sandals / Heels Outdoor / Dress / Casual Blue / Pink / White/M117 B01FUAGGY8 Parent
Tamaris High-Heeled Sandals Shoes High Heel Ladies' Shoes Flowers Chic B01GQ6KCSQ Parent , Shoes Woman EDDY DANIELE 37 Sandals Silver blue leather swarovski AW63 / AW64 B01HDJL1MQ 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.