GHMM Sandals Single Shoes Spring Summer Female Leather Hollow Flat Hole Shoes Large Yard Soft Bottom Pregnant... B07DWNMJWC Parent , YMFIE European style spring summer fashion sexy temperament high heel sandals fish mouth shoes ladies party banquet... B07DWDPD7J Parent , YMFIE Bandage Thick crust Summer New Retro Fashion Flat bottomed Toe sandals Ms. Anti-skid beach shoes B07DWYCDZ8 Parent , Sandal Sandals, Sandals, Fashion Shoes, Comfortable And Simple Elastic Belt. B07DWSGJ45 Parent , YMFIE Lady Summer Simple Fashion Retro Flowers Open Toe Flat Sandals Beach Shoes B07DWZL76F Parent , YMFIE Ms. Summer Fashion Personality Cross with Comfort Soft bottom Open Toe Flat Sandals Outdoor Vacation Shoes B07DWXGFK2 Parent , YMFIE Summer new casual fashion flat bottom toe sandals ladies outdoor vacation travel beach shoes B07DX135NP Parent
YMFIE Summer open-toed high-heeled sandals ladies fashion sexy personality party banquet heels B07DX12Q54 Parent , YMFIE European fashion sexy beaded high heel open-toed sandals ladies summer fish mouth shoes high heels B07DX2WWYL Parent
YMFIE Summer comfortable non-slip flat open-toe sandals ladies beach shoes B07DX1RSTQ Parent , QIDI Casual Shoes Fashion Rubber Slope Mesh Women's Shoes (Color : Black, Size : EU38/UK5.5) B07DXT6GTM Parent , QIDI Casual Shoes Female Breathable Green Fashion Pointed Single Shoes (Size : EU36/UK3.5) B07DXS8YCS Parent , QIDI Casual Shoes Female Fashion Rubber Flat Bottom Single Shoes (Size : EU37/UK4.5-5) B07DXVXB5B Parent , QIDI Single Shoes Female Flat Bottom Fashion Breathable Leisure Leather Shoes (Color : T-2, Size : EU35/UK3) B07DXVCYK6 ParentQIDI Sports Shoes Breathable Leisure Mesh Flat Bottom Non-slip Women's Shoes (Color : White, Size : EU39/UK6) B07DXWWLV9 ParentQIDI Casual Shoes Female Breathable Mesh Flat Bottom Fashion Movement Single Shoes (Color : Black, Size : EU39... B07DXVCYKN Parent
QIDI Casual Shoes Female Rubber Slope Fashion Non-slip Single Shoes (Color : Black, Size : EU38/UK5.5) B07DXXWVJG Parent , QIDI Casual Shoes Female Breathable Black Fashion Low-heeled Single Shoes (Size : EU39/UK6) B07DXWJQFL Parent
QIDI Casual Shoes Female Rubber Slope Mesh Non-slip Single Shoes (Color : Black, Size : EU37/UK4.5-5) B07DXXX8MF Parent , QIDI Casual Shoes Female Non-slip Flat Bottom Fashion Single Shoes (Size : EU37/UK4.5-5) B07DXWWPZN ParentXINGMU Women'S Shoes Canvas Shoes Flat Shoes Fishermen'S Shoes Sandals B07DYNHD8J ParentQIDI Casual Shoes Female Breathable Fashion Rubber Non-slip Single Shoes (Size : EU36/UK4) B07DY5B9NJ Parent
YMFIE Bandage open-toe sandals ladies summer casual fashion flat non-slip sandals B07DYPFZHY Parent , KPHY Fashion 15Cm Super High Heels Sandals Summer Fine Heel Crystal Shoes Bandages Word Buckle Wild Women's Shoes. B07DYNPF9P Parent
KPHY Summer Sexy Gauze Sandals Waterproof Platform Thick Bottom Thin Heel Women's Shoes 15Cm High Heels Night... B07DYPWJ5K Parent , YMFIE Summer ladies open-toe sandals Bohemia comfort non-slip flat beach shoes B07DYPP45V Parent , KPHY Sandals Ladies' Shoes Buckle Buckles Waterproof Tables Thin Heels Thick Bottomed Sexy Model Shoes 15Cm Super... B07DYQLRXF Parent , KPHY Thick Bottom Transparent Sexy Slippers 20Cm High Heel Shoes Rough Heels Cold Towing Waterproof Platform Hates... B07DYRR18F Parent , KPHY Slippers Transparent Thick Bottomed Waterproof Platform 15Cm High Heels Sandals Thin Heels Cool Drag Sexy... B07DYSB237 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.