BalaMasa Womens Low-Heel Solid Bows Round-Toe Urethane Boots ABL09581 B0777QNNB5 Parent
BalaMasa Womens High-Heel Boots Ruched Round-Toe Chunky Heels Urethane Boots ABL09579 B0777QXQSN Parent , BalaMasa Womens Chunky Heels High-Heel Zip Platform Urethane Boots ABL09575 B0777QVQ79 Parent , BalaMasa Womens Zipper Low-Heel Solid Bows Closed-Toe Chunky Heels Urethane Boots ABL09572 B0777R1WMS Parent , BalaMasa Womens High-Heel Platform Zipper Beaded Urethane Boots ABL09584 B0777R17C7 Parent
BalaMasa Womens Chunky Heels High-Heel Zip Solid Beaded Urethane Boots ABL09574 B0777RC9DM Parent , BalaMasa Womens Low-Heel Chunky Heels Solid Charms Urethane Boots ABL09583 B0777R8M69 ParentBalaMasa Womens High-Heels Zip Platform Round-Toe Urethane Boots ABL09582 B0777R6R6B ParentBalaMasa Womens High-Heels Platform Chunky Heels Hollow Out Urethane Boots ABL09594 B077873DGB Parent
BalaMasa Womens High-Heel Chunky Heels Platform Round-Toe Urethane Boots ABL09587 B07787KSS7 Parent , BalaMasa Womens Kitten-Heels Platform Solid Buckle Urethane Boots ABL09597 B07787H23J Parent , BalaMasa Womens No-Heel Zip Solid Suede Suede Boots ABL09601 B077889MJ3 Parent
BalaMasa Womens Low-Heel Zipper Fringe Platform Urethane Boots ABL09591 B07788X5DT Parent , BalaMasa Womens High-Heels Closed-Toe Round-Toe Chunky Heels Urethane Boots ABL09595 B0778CNGC6 Parent , BalaMasa Womens Kitten-Heels Zipper Platform Studded Urethane Boots ABL09598 B0778CZB3Z Parent
BalaMasa Womens Low-Heel Pull-on Platform Fringe Urethane Boots ABL09590 B0778DKN1Q Parent , BalaMasa Womens Flatform Zipper Solid Penny-Loafer Urethane Boots ABL09604 B0778F1VC5 Parent , BalaMasa Womens High-Heels Zipper Platform Chunky Heels Urethane Boots ABL09589 B0778FXX52 Parent , BalaMasa Womens Hollow Out High-Heels Platform Round-Toe Urethane Boots ABL09586 B0778G6YCW ParentBalaMasa Womens Chunky Heels Buckle Solid Pull-On Platform Urethane Boots ABL09599 B0778GF7QH ParentBalaMasa Womens High-Heel Platform Ruched Knee-High Urethane Boots ABL09588 B0778GPLKW Parent
BalaMasa Womens Flatform Zipper Closed-Toe Solid Round-Toe Urethane Boots ABL09603 B0778GY7SM Parent , BalaMasa Womens Flatform Closed-Toe Solid Round-Toe Suede Boots ABL09606 B0778H5W8W ParentBalaMasa Womens Chunky Heels High-Heels Platform Solid Urethane Boots ABL09596 B0778HG8Q6 Parent
Man/Woman Wortmann KG Women's Boots B0778NTWKJ Parent Best-selling worldwide Latest styles Current shape , 1TO9 Womens Boots Platform No-Closure Warm Lining Outdoor Chukka Waterproof Urethane Boots MNS01979 B0778MYML6 Parent , 1TO9 Womens No-Closure Chunky Heels Closed-Toe Urethane Boots MNS01968 B0778Q7DY8 Parent
1TO9 Womens Boots Closed-Toe No-Closure Soft-Ground Warm Lining Water_Resistant Urethane Boots MNS01972 B0778P3C87 Parent , 1TO9 Womens Boots High-Top No-Closure High-Heel Dress Not_Water_Resistant Fabric Fabric Boots MNS01990 B0778TQ8X1 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.