Women's Sandals Bohemian Sandals Flowers Rhinestones Anti-Skid Black Beach Flat Shoes B07FPCWQD3 Parent , LINYI Womens Ladies Stiletto Heels Sandals Daily Casual Shoes B07FLYR4FL Parent
Summer New Large Size Women's Shoes Super High Heel Thick with Sandals Hollow Net Foot Ring Straps Women's Shoes B07FSFJBZK Parent , FENGT Spring and Summer Fish Mouth High Tube Super High Heel Women's Shoes B07FSCBF5L Parent
Women Fashion Elegant Ladies Office Work Flock High Heels Shoes Pointed Toe Party Wedding Sandals B07G5JRXKH Parent , High-Heeled Women's Shoes Pointed Thick With Large Size Women's Shoes Suede Shallow Mouth Fashion Sandals B07FSGLM4S Parent , Womens Low Mid Heels Ankle Strap Slip-On Sandals Pointed Toe Party Wedding Shoes B07G5KB37Q Parent
Women's Kitten Heels Pointed Toe Sexy Mid Heel Slingback Sandals Wedding Prom Party Bridal Shoes B07G9F9CVV Parent , Non-slip Wear Flat-bottomed Flip-flops Simple Beach Shoes Breathable (Color : Yellow, Size : 5 UK) B07H9NV7DK ParentCYMIU Womens Ladies Fine High Heels Pointed Toe Patent Leather Black Work Red Wedding Banquet Shoes B07H72MVTB ParentHeavenly Feet Vienna Womens Sandals B07BZT6W3H Parent
Yiwuhu Flat Feet Do Not Tired Feet Pregnant Women Drag The Word Flip-flops Casual Shoes Breathable (Color : Black... B07HC5WGRR Parent , DF By Daniel Shayshay Gold Metallic Crystal Wedge Sandals B07BKZS5CD Parent , Clarks Sandals 26133240 PICAL cusick B07B4YNP1N ParentMen's/Women's Benavente Women’s 107539 Shoes B073FBK7C4 Parent Wear resistant Primary quality Sales online store
Lunar Lollyfox Adara Three Strap Diamante Heeled Glitz Sandal in Gold Silver, Sizes 3,4,5,6,7,8 B07D3YLGB5 Parent , Man/Woman La Valenciana Women’s Shoes B079T3HS65 Parent Quality products Moderate cost Elegant and stable packagingMan's/Woman's Benavente Women’s 110048 Shoes B0742DW8TJ Parent Easy to use King of quantity Popular tide shoesGentlemen/Ladies Benavente Women’s 111409 Shoes B07B9K7G9H Parent online sale King of quantity Exquisite workmanshipJSHOE Womens Latin Dance High Heel Glitter Salsa Tango Modern Ballrom Mary Jance Dance Shoes,Brownheeled6CM-UK5... B079Z19S34 Parent
Gentlemen/Ladies Benavente Women’s 111394 Shoes B07B9L79J5 Parent Charming design Excellent performance TRUE , Gentlemen/Ladies Benavente Women’s 111284 Shoes B07B9L7KFV Parent economic First batch of customers Famous store , QXH Women's Shoes Sandals Round Head Flats Embroidery Chinese Style B07BCC5GVH ParentQXH Women's Shoes Sandals Round Head Flats Broadcloth Zipper B07BCDRSYL Parent
QXH Women's Shoes Sandals Strap Round Head Rough High Hollow B07BCDZNB8 Parent , Rongzhi Womens Heels Sandals Buckle Ankle Corss Strap Pumps Stiletto Platform Party Dress Shoes Peep Toe B07BDP7YNC Parent , DANDANJIE Women's Beach Flip-Flops Wedge Heel Bottoming Fashion Slippers & Flip-Flops Summer High-Heeled Sandals... B07BFBGP4V ParentQXH Women's Shoes Sandals Round Head Flats Leather Strap B07BFVW5TW ParentQXH Women's Shoes Sandals Round Head Flats Tassel Belt Buckle B07BFWCL3T 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.