BalaMasa Womens Sandals Peep-Toe Cold Lining Cushioning Outdoor Sandals ASL04691 B07DHD3LD7 Parent , BalaMasa Womens Sandals Peep-Toe No-Closure Soft-Ground Huarache Sandals ASL04688 B07DH9XWMQ Parent
GAOQIANGFENG Ladies' Summer Outdoor Leather Slipper with Flat Bottom Slippers,European Code (35) B07DHJJ9SN Parent , ZLIDS Beach Slippers Fashion Bow Thick Flip-Flops Summer Ms. Non-Slip Sandals B07DHQ1X9C Parent , QXH Women's Sandals Shallow Mouth Pointed Flat Middle Heel Belt Buckle B07DHK8RFJ ParentWHLShoes slippers women Fashionable Sandals And Slippers Ms. Summer Words Leak Toe Wild Leisure B07DH812R1 ParentGAOQIANGFENG Lady's summer outdoor skid with flat bottomed slippers,European Code (38) grey B07DHLHDFP ParentBalaMasa Womens Sandals Peep-Toe Cushioning Smooth Leather Road Outdoor Sandals ASL04689 B07DH9FYP2 ParentArditex Sandals F.Print Eva Mn Ltd 22/32, Red, 22, 32 B07DH9QWYP ParentGAOQIANGFENG Ladies' summer outdoor leather slipper with flat bottom slippers,European Code (36) black B07DHKVN1C Parent
QXH Women's Sandals Shallow Mouth Round Head Flat mid Heel Belt Buckle B07DHL2CCG Parent , AdeeSu Womens Hollow Out Square Heels Buckle Urethane Sandals SLC03458 B07DGZZ6KV ParentSJJH Sexy Sandals with High Chunky Heel and Transparent Materail for Fashion Women B07DH7L2RY Parent
BalaMasa Womens Sandals Not_Water_Resistant Nubuck Light-Weight Huarache Vinyl Sandals ASL04650 B07DH11VT7 Parent , MUYII Women's Sandals Waterproof Table Hollow Straps Fashion Female High Heels B07DHRRV3M Parent
GAOQIANGFENG Lady's summer outdoor skid with flat bottomed slippers,black B07DHKN9MG Parent , GAOQIANGFENG Lady's Summer Room Skid with Flat Bottomed Slippers B07DHKLQCK Parent , GAOQIANGFENG Lady's summer outdoor skid with flat bottomed slippers,green B07DHK4JL1 ParentGAOQIANGFENG Lady's summer outdoor skid with flat bottomed slippers,European Code (35) yellow B07DHKV2R6 Parent
GAOQIANGFENG Lady's summer outdoor skid with flat bottomed slippers,Beige B07DHKPZX7 Parent , GAOQIANGFENG Lady's summer outdoor skid with flat bottomed slippers,European Code (39) green B07DHL64PT Parent , TAOFFEN Women Fashion Chunky Heel Sandals B07DHDVGVC Parent , YE Women's Ladies Cut Out Stiletto High Heel Peep Toe Ankle Strap Sandals Shoes Size B07DHLTLHK Parent , BalaMasa Womens Sandals Peep-Toe No-Closure Smooth Leather Casual Sandals ASL04692 B07DHCR6JK Parent , GAOQIANGFENG Lady's summer outdoor skid with flat bottomed slippers,European Code (37) black B07DHLKDPX Parent , Enval 1284422 Wedge Sandals Women B07DH4VLJQ Parent , THE WHITE BRAND Sandals and Slippers for Women, Colour Pink, Brand, Model Sandals and Slippers for Women Beach... B07DHN7MWN Parent
YE Women's Open Toe Stiletto High Heel Bow Ankle Strap Single Band Dress Sandals B07DJ7H731 Parent , WHLShoes Women's Sandals Flat bottomed sandals summer flat bottomed fashion ladies simple revealing toe pure color... B07DJBQSPW 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.