Elobaby Women's Wedding Shoes Formal Bridal High Heels Satin Pointed Evening Party/Kitten Pumps B07C9S24XB Parent
Elobaby Women's Wedding Shoes Kitten Heels Rhinestones Classic Pumps Sparkling Platform Bridesmaid/0608-13 B07C9S1J61 Parent , Elobaby Women's Wedding Shoes Toe Platform Satin Party Prom Gown Evening Pumps/Court Shoes/0608-06 B07C9S5KP2 Parent , Elegant high shoes Women's Satin Open Toe High Heel 7216-03C Wedding Shoes Summer Bridal Zipper Multi-Color B07C9ZVGSL Parent , Elobaby Women's Wedding Shoes Pointed Toe Gown Bride Ivory Platform/Buckle/0608-08 B07C9SJPG3 ParentYUCH Women's Single Shoes Single Character Buckle and Hollow Heel B07CB84KJG ParentElegant high shoes Women's Wedding High Heel D7216-10 Open Toe Rhinestones Party Shoes B07CB1MR2F Parent
YUCH Ladies' High Heel Shoes and Elegant Wedding Banquet Shoes B07CB8PJGK Parent , YUCH Women's High Heel Shoes B07CB8NYCR ParentYUCH High Heel Shoes with High Heel Shoes B07CB8XHQX Parent
YUCH Women's Shoes Retro Square Thick with Student Shoes B07CB8WKGP Parent , Elobaby Women's Wedding Shoes 2046-16 Closed Toe Proms Flat Shoes/Custom Made/Round B07CBB2B6J Parent , YUCH Lady's High Heel Tip Wedding Banquet Shoes B07CB8ZS3F Parent , Elobaby Women's Wedding Shoes 0608-18 Side Air Close Toes Pointed Almond Evening Serpentine/Court Shoes B07CBBM27F Parent
Elobaby Women's Wedding Shoes 0608-19 Pointed Bridesmaid Prom Size Closed Heels Prom/Court Shoes Serpentine B07CBCXRLD Parent , Elobaby Women's Shoes for Wedding Peep Toe Summer Basic Buckle for Kitten Heel/Dress/LC-5915 B07CBZ4FVY Parent , Elobaby Women's Wedding Shoes Closed Toe/Platform Bridesmaid Evening High Heels/Gown Prom/0608-17 B07CBDMP3L Parent , JUNBOSI Women's High Heels Spring and Summer New Transparent Plastic Splicing Patent Leather High-Heeled Pointed... B07CC2LNNP Parent
JUNBOSI Women's High Heels Spring and Summer New Rhinestones Fish Mouth Shoes High-Heeled Fine with Waterproof... B07CBZJY5X Parent , Ruanlei Shoes For Dress Wedding Party/Stiletto High Heel Pumps/Gradient Pointed Toe StilettoIn light of the wild... B07CC9TR84 Parent , DKFJKI Pointed Female Single Shoes Stylish Stilettos Shallow Professional Shoes Simple Wild B07CCGWDR4 ParentRuanlei Shoes For Dress Wedding Party/Stiletto High Heel Pumps/Gradient Pointed Toe StilettoSatin light of professional... B07CCB1NSG Parent
Elegant high shoes Women's Wedding Court Shoes 5047-17 Flowers Closed Toe Mid Heel Satin Prom/Multi-Color Customization B07CCGZYTC Parent , Elobaby Women Wedding Shoes Platform T-Strap Satin Zipper Lady 35-42 Size/Peep Toe/11cm Heel B07CCGVJ5P Parent
Ruanlei Shoes For Dress Wedding Party/Stiletto High Heel Pumps/Gradient Pointed Toe StilettoBow Tie and versatile... B07CCH17S4 Parent , Elobaby Women Wedding Shoes Bow Tie 35-42 Size Satin Peep Toe Platform High Heels Satin Buckle/11cm Heel B07CCH1T2J ParentRuanlei Shoes For Dress Wedding Party/Stiletto High Heel Pumps/Gradient Pointed Toe StilettoThe light of the damask... B07CCH44GL Parent
DKFJKI Women's Shoes High Heels Fashion Pumps Solid Color Temperament Suede Comfortable B07CCH7C2T Parent , Ruanlei Shoes For Dress Wedding Party/Stiletto High Heel Pumps/Gradient Pointed Toe StilettoSimple retro bold... B07CCHN8CW 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.