CLLCR Women'S Boots - Autumn And Winter Warm Knee Boots/Thick With Long Boots/Sexy British Boots /35-43 B07HNY55NV Parent , DLBJ Women's 11Cm High Heel Snow Boots Outdoor Non-Slip Warm Leather Boots Black Large Size B07HNYB15J Parent , YIWANGO Boots Womens Ankle Boot Mid Heel Stiletto Ladies Sexy Faux Suede Boot B07HNY9VGN Parent , CLLCR Women'S Boots - Autumn And Winter Flat Warm Short Boots/Anti-Skiing Boots/Belt Buckle Leather Boots / 35-43 B07HNYKBWN Parent
Womens Low Heel Buckle PU Leather Ankle Boot Office Block Heel Martin Boots B07HNYG5SJ Parent , Ladies Womens Sexy Stiletto Stretchy Ankle Boot Party PU Leather Boot B07HNYWBR7 Parent , AGECC Women’s Boots Comfortable Beautiful Durable Martin Boots Female Students Retro Short Boots Round Head Thick... B07HNYP3Z8 Parent , AGECC Women’s Boots Comfortable Beautiful Durable Martin Boots British Wind Short Boots Women'S Flat Back Boots... B07HNZ1N1F Parent , AGECC Women’s Boots Comfortable Beautiful Durable Retro Martin Boots Female Winter With Thick Bottine Side Zipper... B07HNZ1R4Y ParentYIWANGO Boots Womens Kitten Heel Zip PU Leather Ankle Boot Office Low Heel Boots B07HNZ1NG6 Parent
AGECC Women’s Boots Comfortable Beautiful Durable Martin Boots Short Boots Single Boots Spring Little Yards High... B07HNZ5BJK Parent , CUYE Women's High Heel and Ankle Boots, Autumn and Winter Large Size PU Pointed Thick High Heel Ankle Boots 34... B07HNZ4V6P Parent , Top Shishang Autumn and winter leather high-heeled pointed frosted Martin boots ladies sexy Chelsea boots and... B07HNZD39J Parent
Top Shishang Autumn and winter female scrub leather pointed high heel thin Martin boots Chelsea boots western... B07HNZ5Q4T Parent , CLLCR Women'S Boots - Winter Large Size High Heel Booties/Martin Boots High Heel/Thick Heel Women'S Boots 36-43 B07HNZLJPG Parent , AGECC Women’s Boots Comfortable Beautiful Durable Simple Waterproof Winter Round Side Zipper High-Heeled All-Match... B07HNZD4NR Parent , MARCO TOZZI premio 25060, Women’s Chelsea Boots B00XDZ1EX6 Parent
Man/Woman Rieker Women's 54960 Boots B00WHIF3XW Parent Long-term reputation Sufficient supply Clearance sale , Marco Tozzi 25123, Women’s Boots B00XDZ7A9I Parent , Nine West Women's Quarrel Suede Boot B00XRT514Q ParentTamaris Women's 26434 Warm Lined Classic Boots Short Length B00XPDVYYA ParentBlowfish Franka, Women's Biker Boots B00Z1O4IV2 ParentInuovo Stalker, Women’s Chelsea Boots B00Z0G6C74 Parent
Men's/Women's Versace Women's Floralie Boots B015CWJ1NC Parent online sale Ranked first in its class Very good classification , Rocket Dog Womens Mint Boots Tribal Brown B01596T4QU Parent , Padders Journey 849 - EEE/EEEE Fit Taupe Boots B016UTP48M Parent
Andrea Conti 1121551, Women’s Ankle Boots B015U5EBYK Parent , Grubs Frostline Women Boot Black B017SZLHB0 Parent
Magnum Lightspeed 8.0 Side Zip Boots Black size 11 B017046N3Q 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.