Tianrui Crown Women and Ladies Chinese The Opera Faces Embroidery Casual Espadrilles Platform Shoe B07DHP652M Parent , The light of the four seasons women shoes women shoes round head women's shoes flat women's shoes with stylish... B07DJ2YLP7 ParentFish mouth sandals beach women flat-bottomed sandals fashion denim women sandals casual roman low with sandals... B07DJ358T3 Parent
Suetar-SKT Ladies Bohemian Ethnic Style Beaded Sandals Summer Fashion peep-Toe Flat Beach Shoes for Women B07DJ9GS3M Parent , Summer Sandals Women Shoes Pu Flat Blank Solid Color Dew-Adhesive Shoes Cool Shoes With A Trip Back And Forth B07DJDR2HY Parent , Suetar-SKT Ladies Bohemian Ethnic Style Crystal Sandals Summer Fashion peep-Toe Flat Beach Shoes for Women B07DJB3TDQ Parent , AARZ LONDON Women Ladies Toe-Post Summer Casual Comfort Medium Wedge Heel Flat Lightweight Slip-on Sandal Shoes... B07DKGC5RC Parent
xiao123 Soy Beans Female Single Flat Base to Head Off The Small Black Leather Shoes. Fashion Simple Harajuku Style... B07DLLWYFG Parent , xiao123 Sponge Cake Shoes Women Sports Running Thick Pink Fashion Simple Harajuku Style Small Fresh Sandals Jobs... B07DLLYJC6 Parent , xiao123 Soy Beans Female Single Shoes Flat Square Black Matte Fashion Simple Harajuku Style Small Fresh Sandals... B07DLLZQPC Parent
xiao123 Sponge Cake Shoes Women Sport Thick Black Running Fashion Simple Harajuku Style Small Fresh Sandals Jobs... B07DLM47C3 Parent , xiao123 Sponge Cake Shoes Women Sport Thick White Running Fashion Simple Harajuku Style Small Fresh Sandals Jobs... B07DLM66PV ParentRongzhi Womens High Heels Heeled Sandals Pumps Ankle Strap Denim Stilettos Shoes Prom Party Peep Toe B07DMFN7GK ParentXHCHE Sandals Women Casual Summer Shoes Fashion Sandals Women Sandalia B07DMG8CRV Parent
Ladies Shoes Women Sandals Summer Open Toe Fish Head Fashion Platform High Heels Wedge Sandals Female Shoes Women B07DMGXQ1C Parent , XHCHE Women Sandals Summer Style Bling Bowtie Fashion Peep Toe Shoes Sandal Flat Shoes Woman B07DMHB1L3 Parent , Women Sandals Genuine Leather Soft Rubber Sole Basic Buckle Strap Womens Summer Shoes B07DMHCNGF Parent , XHCHE Women Sandals Female Summer Fish Mouth Buckle Shoes Solid Color Low-Heeled Women Sandals B07DMHCNGG Parent
XHCHE Womens Sandals Summer Flat Heel Shoes Fashion Sandals Sweet Shoes B07DN8WSVV Parent , XHCHE Women Sandals Flips Flops Summer Style Shoes Woman Wedges Sandals Fashion Platform Female Slides Ladies... B07DN9M85Y Parent
XHCHE Women Sandals Beach Shoes Woman Summer Butterfly-Knot Slip On Flats Casual Women Shoes B07DNB32WZ Parent , Women Sandals Genuine Leather Fashion Summer Sweet Women Flats Heel Sandals Ladies Shoes Black B07DNBKL3W Parent , XHCHE Women Sandals Summer Fashion Shoes Beach Sandals Ladies Comfortable Flats Sandalias B07DNCNB8J Parent
Loud Look Womens Peeptoe Sandals Perspex Heels Ladies Wedding Bridesmaid Bridal Shoes Size 3-8 B07DNLCDF4 Parent , Woman Shoes, Fahion Sneakers for Womans Casual Flats Muffin Shoes Creepers Moccasins Leisure Shake Shoes B07DNWVFY1 Parent , Ladies Sandals Jamicy Stiletto Sandals Women Summer Party Wedding Rhinestone High Heel Zipper Shoes B07DNYC6J5 ParentWoman Shoes, Bohemia Beads Sandals for Womans Girls Summer Beach Thong Shoes Wedges Sandals B07DP2R2RC ParentJanly Woman Shoes Woman Shoes, Bohemia Wedges Sandals for Womans Girls Fashion Sequins Summer Beach Shoes B07DP3PPRD Parent
VulusValas Women Classic Gladiator Sandals B07DPFX6HL 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.