Fuxitoggo Bohemian Sandals Women Summer Clip Toe Flat Beaded Shoes (Color : Beige, Size : UK 5.5) B07H18TV78 Parent
Fuxitoggo Mesh Breathable Sandals for Women Elastic Strap Peep Toe Shoes (Color : Gray, Size : UK 8.5) B07H18K291 Parent , Ep-Garden Tools Lawn Inflatable Shoes With Metal Buckle And 3 Straps - Heavy-Duty Spiked Sandals For Inflating... B07H4MX755 ParentFuxitoggo Pearl Sandals for Women Large Size Peep Toe Beaded Elastic Shoes (Color : Red, Size : UK 6.5) B07H18XHD2 ParentHYW Shoes-Sandals Women Summer Header Sandals Female Pointed Buckle with Rough with High Heels B07H5KB1DZ ParentFuxitoggo Large Size Sandals Women Beaded Rihinestone Elastic Flat Shoes (Color : Red, Size : UK 8.5) B07H19KHV9 Parent
AiBarle Women Sandals Summer Round Toe Breathable Rivet Beach Boho Shoe Casual Wedges Shoes (US:9, Black) B07HCLQYZJ Parent , Home Accessories Sexy Fashion Women Flower Flat Heel Anti Skidding Beach Shoes Sandals Slipper (Color : As shown... B07H5B1NKY Parent , AiBarle Women Summer Flip Flops Casual Flat Bottom Roman Sandals Beach Shoes (US:6, Blue) B07HCKTRFH Parent , Slippers HUYP Men And Women Couple Summer Fashion Sandals Outside Wearing Beach Shoes (Color : Blue, Size : 39) B07HCXCQL7 Parent , AiBarle Fashion Women Ladies Suede Sandals Ankle Square Heels Zipper Party Open Toe Rome Shoes (US:9, Black) B07HCXCGJY Parent , Sandals Word Flip-flops Female Summer Fashion 2018 New Students Thick Bottom Muffin Sandals Wild Retro Hong Kong... B07HKLCMH7 Parent , HhGold Cool Slope With Fish Mouth Slippers Female Summer Fashion Wear 2018 New Wild Thick Bottom Loose Cake Word... B07HKGNQF6 ParentHhGold Sandals/Beach shoes Anti-skid slippers Student sandals (Color : 3, Size : EU39/UK6.5/CN40) B07HKQF3ZJ ParentZFAFA Women's High Heel Peep Toe Cross Over Strappy Sandals Ladies Wedding Party Dress Shoes, Gold B07HQQKLY1 ParentO'Neill Ojai River Women's Flip-Flop Sandals B0794NYN9T Parent
Allegra K Women Open Toe High Chunky Heel Ankle Strap Sandals B0798KBVL2 Parent , HhGold Sandals Thick-soled Muffins Word Slipper Female Summer Fashion Wearing 2018 New Student Wedges Sandals... B07J6FNTB1 Parent , XTI Women’s 48008 Open Toe Sandals B0778SZ4TY Parent
AIYOUMEI Womens Chunky High Heels Platform Strappy Sandals With Pearls T Bar Sandles B071LM76FQ Parent , ShuWish UK Carrie Black Patent PU Leather High Block Heel Peep Toe Ankle Strap Party Sandals B01NH7HMKT Parent , Lunar Womens Black Flower T Bar Wedge Sandal B07C1DN1JP Parent , Zaxy 17222 90059 Sandal Women B07828ZGQX Parent , Cushion Walk Lifestyle Womens Summer Sandals Adele B07C4ZTPT5 Parent , Cushion Walk Womens Black High Wedge Sandal B00NIF84UM Parent , Smilice Casual Flat Sandals with Pointed Toe and Mini/Large Size Available B07DNRTXSQ ParentTeva Original Universal W's, Women’s Athletic Sandals B01BH22UYS Parent
VulusValas Women Lovely Cross Strap Sandals Heels B07D8JCNBD Parent , Vegan Friendly Faux Leather Toe-Post Slide Sandals Availabe in Black, White and Coral Pink B07CG31436 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.