LYSLOLI Sandals women's shoes with thick cakes in the wind,flat-bottomed wild Roman women's shoes B07G3D7XGB Parent , LYSLOLI Middle heel sandals female student flat bottom retro platform Roman shoes B07G3D8F73 Parent , LYSLOLI Sandwich toe strap sandals female summer Roman seaside resort flat bottom bohemian beach shoes B07G3D8F5H Parent
LYSLOLI Girls sandals,bow,platform shoes,flat sandals B07G3F4GBL Parent , LYSLOLI Summer women's shoes wild thick-soled Roman sandals female students simple casual flat sandals B07G3D8WLL ParentLYSLOLI Bohemian sandals female summer flat student wild retro thick bottom Roman sponge cake women's shoes B07G3F4G9S ParentLYSLOLI Women's Sandals Summer Flat Student Wild Retro Platform Shoes Thick Sandals B07G3D92ZD Parent
LYSLOLI Summer sandals female summer flat students wild Roman retro shoes B07G3DNHB6 Parent , LYSLOLI Summer wild student lotus flat Rome shoes simple sandals women B07G3DJ611 ParentLYSLOLI Thick-soled sandals female summer wild ladies sandals summer Roman platform shoes B07G3D8WNB ParentLYSLOLI Summer wild thick-soled sandals female summer ladies sandals students flat simple Roman platform shoes B07G3DJ62N Parent
LYSLOLI Sandals Women's Summer Flat Shoes Wild Student Strap Retro Roman Shoes B07G3DJ62M Parent , LYSLOLI Shoes female female sandals summer flat student simple platform women's shoes B07G3DPCHB Parent
LYSLOLI Roman sandals female summer thick platform shoes student college wind flat B07G3FB8XY Parent , LYSLOLI Sandals,female students,summer,versatile flat shoes,two wearing leather casual roman shoes B07G3DPCJP Parent , LYSLOLI Retro sandals female summer students flat bottom wild small thick bottom Roman shoes B07G3DPCHH ParentGTVERNH Women's shoes/fashion/7Cm High Heels Sandals Spring Spikes Women'S Singles Rivets Buckles Jokes And Summer. B07G67SHN1 Parent
LYSLOLI Retro sandals women's platform shoes summer simple student wild flat Rome B07G3FJPMC Parent , GTVERNH Women's shoes/fashion/Ladies Sandals Summer Drilling And Thick Bottom All Kinds Of Fashionable Leather... B07G65TTKR ParentJIANXIN Women's Spring White High-heeled Shoes With A Pair Of Thick Heels And Middle Heel Sandals. (Size : EU... B07G3Y2V1Y Parent
LYSLOLI Summer wild student bow Roman shoes simple wind flat sandals women B07G3F4GBT Parent , LYSLOLI Roman sandals female summer flat student wild thick platform cake shoes B07G3DCJTX Parent , YMFIE Summer ladies fine with sexy temperament pointed shallow mouth back high heel sandals party banquet high... B07G4BLHJJ Parent , LYSLOLI Flat sandals female summer wild student straps flat wind Roman shoes B07G3FJPND ParentLYSLOLI Sandals female summer wild one word buckle simple thick bottom muffin flat bottom roman shoes B07G3DPCK5 ParentLYSLOLI Summer wild student platform shoes platform beach flat bottom Roman sandals women B07G3FBNKL Parent
KPHY Women'S Shoes/Heel Low Heel Leather Face Buckle Toes Summer Sandals 2Cm Thirty-Seven Orange Color B07G4BB2HN Parent , KPHY Women'S Shoes/Heel Low Heel Leather Face Buckle Toes Summer Sandals 2Cm Thirty-Six Orange Color B07G4CBK1G Parent , GTVERNH Women's shoes/fashion/Thin Sandals Small Summer Fresh Silk 6Cm High Heels Middle And Sexy Toes Sandals... B07G66QY4R 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.