UMEXI Side Zipper Thigh High Over The Knee Boots Stiletto Heel Peep Toe High Heel Pumps for Women B0783GFJFS Parent , UMEXI Side Zipper Thigh High Over The Knee Boots Stilettos High Heel Pointy Toe Contrast Stitching Pumps For Women B0783GH5VY Parentsnfgoij Ladies' Boots Autumn And Winter Flat Leather Thick With Cashmere England Martin Boots Round Head Students... B07842DDCN Parent
snfgoij Women's Boots Rivets Short Boots Plus Velvet Rough With Leather Martin Boots Matte Leather Autumn And... B078434Y1C Parent , Cingant Woman Women's Snow Boots B0784644XD Parent
Birkenstock Vaduz EXQ Vl W Sandal B0784GNFQ3 Parent , Pierre Cardin Women's 8060505 Leather High Boots Heel 8 cm B0784LN49F Parent
Tamaris Women's Boots Grey Grey (graphite 206) B0784QPZMN Parent , snfgoij Ladies' Boots Winter Boots Autumn Plus Velvet Wild High Heel Bare Boots Rivets Autumn And Winter Boots... B0784QQVND Parent , snfgoij Ladies' Boots Autumn And Winter Korean Version Single Boots Increased Within Belt Buckle Students Plus... B0784R817P Parent , Cingant Woman Women’s Classic Boot B0784W8Q73 Parent , Rieker Woman Cristalli Boot Black B07855LTV3 Parent , SYYAN Women's Leather Shearling Keep Warm Waterproof Mini Snow Boots (Smaller One Yard) B07855V5XZ Parent , SYYAN Women's Winter Keep Warm Shearling Copper Buckle Mini Snow Boots Outdoor Leisure (Smaller One Yard) B07856QSQF Parent , QPYC Ladies High Heels Leopard Bare Boots Spell Color Buckle Pointed Short Boots Large Size B078576LTB Parent , Nine West Women’s Delayna Synthetic Ankle Boot B07858CLVL Parent , HGTYU-Short And Thick Cotton Boots Female Boots With Martin The Wind High Heeled Boots Women Winter New Rear Zipper... B0785BRJF3 Parent , Jushee Women's Rivets Studded Shoes Metal Buckle Low Heels Ankle Boots Short Booties B0785FHP8K Parent , Ladies boots ZHIRONG Female Boots Autumn and Winter Fashion Keep Warm High-Heeled Side Zipper Short Boots B0785KV5NJ Parent , Skechers Women's on The Go City 2 Vibrant Boots Charcoal B(M) US B0785R9CNP Parent , HXVU56546 Autumn And Winter Women'S New Plus Thick Rivet Boots High Heels Martin Boots Bare Boots B0785S53ZH Parent
WONDERHEEL 7" Stilleto Heel Black Patent Sexy Fetish Locked padlocks Ankle Ballet Boots B0789R8JF9 Parent , WONDERHEEL 7" Wedge Heel padlocks Ankle Boots Black Matte Sexy Fetish Women Boots B0789RC37F Parent
WONDERHEEL 7" Stiletto Heel Ankle Boots Silver Patent Sexy Fetish Platform Women Boots B0789ZMH4D Parent , Man's/Woman's DEI COLLI Women's Boots B078B5BPWB Parent Reasonable price Win the praise of customers professional design , WONDERHEEL 7" Stilleto Heel Ankle Ballet Shoes Pink Sexy Fetish padlocks Ballet Boots B078B8SFZD Parent , Hush Puppies Womens/Ladies Daisee Billie Ankle Boots B078BCMZHT Parent , Men's/Women's Vista Women's 53-00827 Boots B078BJLDDB Parent High quality and cheap Reliable performance Cost-effective , ZHUDJ Women'S Boots Spring Fall Winter B078BPQ7GL 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.