KPHY-In The Fall Banquet Ladies Shoes Fine Heels 10Cm High Heels Fashionable Shallow Pointed Temperament Shoes.Thirty-Seven... B07GXWBZ32 Parent , KPHY-Bow Tie Fashion Diamond Pointed Shoes Autumn Small And Wild Shallow 7Cm High Heel Single Shoe.Thirty-Five... B07GXWC36G Parent , KPHY-Summer Fine Sandals Suede Joker Fish Mouth Cold Boots Sexy Tie Rome Women'S Shoes Thirty-Eight Black B07GXWDWT9 Parent , KPHY-Autumn Suede Sexy Rivet Shoes Pointy Head 10Cm High Heels Thin Shoes.Thirty-Five Gules B07GXWF5SJ Parent , KPHY-Summer Wear Fashionable Square Rough Retro Muller Shoes Genuine Leather 8Cm High Heels And Cool Slippers.Thirty-Four... B07GXWFNJ6 ParentKPHY-Autumn Suede Sexy Rivet Shoes Pointy Head 10Cm High Heels Thin Shoes.Thirty-Seven Black B07GXWFSZT Parent
KPHY-Bow Tie Fashion Diamond Pointed Shoes Autumn Small And Wild Shallow 7Cm High Heel Single Shoe.Thirty-Nine... B07GXWJH1S Parent , Liu Sensen Intelligent Shoes Dryer Ozone Sterilizing Deodorizing Shoe Dryer Retractable Shoe Warmers Timing Function... B07GXWPMRC Parent , KPHY-In The Fall Banquet Ladies Shoes Fine Heels 10Cm High Heels Fashionable Shallow Pointed Temperament Shoes.Thirty-Eight... B07GXWPRKG Parent , KPHY-Single Shoe High Heel 10Cm Multi Touch Sharp Pointed Grid Drill Thin And Shallow Mouth.Camel Color Thirty-Five B07GXWRCZD Parent , KPHY-Autumn Thin And Thin Thin Women'S Shoes Pointed 8Cm High Heels Fashion Colors Shallow Shoes Simple Shoes.Thirty-Five... B07GXWRMKR ParentKPHY-In Autumn Sexy Fish Mouth Shoes Thin And Thin 10Cm High Heel Shoes Pink And Fresh Shallow Shoes.Thirty-Seven... B07GXWT7WJ Parent
KPHY-Leather British Wind High Martin Shoes Summer Boots Chelsea Boots Student Boots.Thirty-Five Khaki B07GXWTH16 Parent , KPHY-Autumn Suede Sexy Rivet Shoes Pointy Head 10Cm High Heels Thin Shoes.Thirty-Nine Black B07GXWTTPL Parent , KPHY-Autumn Suede Sexy Rivet Shoes Pointy Head 10Cm High Heels Thin Shoes.Thirty-Six Black B07GXWV5ZX Parent , KPHY-Single Shoe Gauze Ladies' Leisure Thick Sole Rocking Shoes Gauze Inside Heighten.Color Robbing Thirty-Five B07GXWW5Y9 ParentKPHY-Autumn Women'S Shoes 9Cm With High Heels Fashion Small Fresh Sharp Head Single Shoe.Thirty-Four Pink B07GXWWFB8 Parent
KPHY-Summer Wear Fashionable Square Rough Retro Muller Shoes Genuine Leather 8Cm High Heels And Cool Slippers.Thirty-Five... B07GXWWYF8 Parent , KPHY-Temperament High Heel Shoes 10Cm Autumn The Jog Tip Suede Women'S Shoes Thin And Shallow Mouth Color Shoes.Thirty-Five... B07GXWWYFB Parent , KPHY-Summer Fine Sandals Suede Joker Fish Mouth Cold Boots Sexy Tie Rome Women'S Shoes Thirty-Six Yellow B07GXWY859 ParentKPHY-Bow Tie Middle Heel Shoes Autumn Suede Pointed Fashion Drill Shallow Mouth Fine Shoes.Thirty-Six Black B07GXWYP5R ParentKPHY-Temperament High Heel Shoes 10Cm Autumn The Jog Tip Suede Women'S Shoes Thin And Shallow Mouth Color Shoes.Thirty-Seven... B07GXWZ84R Parent
KPHY-Fine Heel High Heel Shoes Hollow Lacquer Princess Shoes Pointed Fashion Color Matching Thin And Word Dragging.Beige... B07GXWZY8S Parent , KPHY-In The Fall Banquet Ladies Shoes Fine Heels 10Cm High Heels Fashionable Shallow Pointed Temperament Shoes.Thirty-Nine... B07GXX1D52 ParentKPHY-Autumn Fine Heel 9Cm High-Heeled Shoes Sexy Pointed Metal Women'S Shoes Shallow Mouth Simple Thin Shoes.Thirty-Five... B07GXX1PS8 ParentKPHY-Single Shoe Gauze Ladies' Leisure Thick Sole Rocking Shoes Gauze Inside Heighten.Color Robbing Thirty-Nine B07GXX1PSF Parent
KPHY-In The Fall Banquet Ladies Shoes Fine Heels 10Cm High Heels Fashionable Shallow Pointed Temperament Shoes.Thirty-Six... B07GXX1XQL Parent , KPHY-Bow Tie Fashion Diamond Pointed Shoes Autumn Small And Wild Shallow 7Cm High Heel Single Shoe.Thirty-Six... B07GXX1XR2 Parent
KPHY-Summer Fine Sandals Suede Joker Fish Mouth Cold Boots Sexy Tie Rome Women'S Shoes Thirty-Seven Black B07GXX333L 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.