Gioseppo Eliana, Girls’ Open Toe Sandals B01MUC11MT ParentCOOLWAY Tulipan, Women’s Sandals with Ankle Strap B01MS6SLN2 Parent
JANE KLAIN 283 760, Women’s Open Toe Sandals B01M4MF895 Parent , JANE KLAIN Women’s 283 763 Sandals B01M30C1RO Parent , Loud Look Womens Ladies Wedge Elastic Strap Bling Comfy Summer Peeptoe Sandals Shoes Sizes 3-8 B07CZGY5DG Parent , Molly Bracken Pb10p17, Women's Sandals B01N1WDILK Parent , Bianco Riemensandale Mit Blockabsatz 35-48616, Women’s Heels Sandals B06XSWQ8SN ParentLadies Diamante Fashion Sport Slip On Mules Sliders Sandals B07FJY7XJC Parent
Newest Women Sandals,Sexy Women Ladies Slip On Flat Shoes Sandals Casual Ballerina Shoes Cross-Tied Low Flat Single... B07CV8CGBZ Parent , Vocni Women Sandals Flats Bohemia Sweet Beaded Sandals Clip Toe Sandals Beach Shoes Ladies Slippers B07D57B3DR Parent , NR Rapisardi Women’s Nerina Sling Back Sandals B076632N8S ParentKootk Ladies Shoes Flats Shoes Women Herringbone Shoes Suede Cilp Toe Sandals Beach Summer Leisure Shoes B07BRWTZBB ParentBlock Heel Sandals Jamicy Women Ladies Summer Peep Toe Hasp High Heeled Casual Party Shoes B07D6LX264 ParentWomen Sandals,Ba Zha Women Rhinestone Slippers Women Fashion Open Toe Shoes Bohemia High Heel Shoe Ladies Round... B07CRVVQWG Parent
Cucu Fashion New Womens Ladies Ankle Strap Platform Sandals High Block Heels Shoes Size UK B079YX6BYN Parent , Lolittas Gladiator Ladies Sandals, Summer Beach Leather Sparkly Sequin Mid Block Heel Wide Fit Peep Toe Slingback... B07D3Q5YVF ParentTefamore Fashion Women Sequins Sandals Ankle Mid Heel Block Party Open Toe Shoes(Size:36-40) B07DJDFBLL ParentLadies Sandals ❤️ LMMVP Women Summer Bohemia Sandals Ethnic Style Flats Shoes Buckle Strap Beach Sandals B07FNLXFNP Parent
LD Outlet Girls Low Heel Party Shoes Diamante Wedding Bridesmaids Glitter Shoes Kids Size B00CUH6HYO Parent , Tilly London High End Womens Silver Collar Cuff Studded Strappy Sandals High Heel Designer Diamante Shoes Court... B074CZDW7K Parent , ZKOO Women Ladies Cork Flip Flop Slippers Shoes with Buttons Open Toe Ankle Strap Flat Sandals Beach Shoes Summer B072KK4JDT Parent
Unze New Women Ladies Stark Diamante Embellished Evening Party Carnival Prom Slingback Wedge Summer Sandal Shoe... B0713YMT2S Parent , Women's Girls Heart Flip Flops Summer Rubber Toe Post Shoes Slip On Jelly Beach B00VD9GG3W Parent , VEMOW 2018 Spring Summer Sandals for Teen Girls Sexy Fashion Women Ladies Sandals Ankle High Heels Block Party... B07BLTHTBM Parent , Chic Feet Silver Diamante Wedding Prom Evening Low Heel Sandals B00CDI0K4I ParentNew Look Women’s Granted 5452768 Open Toe Sandals B07B7S89FV ParentWomens Sandals - SODIAL(R)1 pair Womens Sandals Ladies Low Heel Sparkling Shoes Rhinestone Diamante Flip Flops... B01LZRS1WR Parent
Supremo Women’s 4822007 Platform Sandals B073S843Q8 Parent , Miss Selfridge Women’s Ruffle Open-Toe Sandals B01NCWQH90 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.