Sandals High Heels Women's Summer Fashion Sexy Women's Banquet Bow Tie Shallow Mouth Buckle 7.5CM B07FYFR4X6 ParentMid Heel Hollow Women's Sandals Ms Summer Temperament Hollow Net Yarn 4.5CM Orange Green B07FYFTJ6Q ParentSandals High Heels Women's Fashion Classic Temperament Banquet Bandages Pointed High Heels 9CM 2 Colours B07FYFR4Y1 ParentThin Tip Sandals High Heels Women's Summer Temperament Hollow Mixed Colors 9CM Apricot Yellow B07FYFW21S ParentWomen's Fashion Rhinestone Sandals High Heels Open Toe 8.5CM Summer (White Black) B07FYFWXKF Parent
Women's Pointed Fine with High Heels Sandals Ms Summer Temperament Sexy Buwen 10CM Red B07FYFXB73 Parent , Waterproof Platform with Heels Satin Straps Sandals High Heels Women's Sexy Satin Bandages Summer 11.5cm Blue B07FYFYQNP Parent , Waterproof Platform Sandals High Heels Women's The Rhinestone Fish Mouth 9.5CM (Nude/White/Black) B07FYG854W Parent , Women's High Heels Sandals Ms Sexy Flowers Bandages Summer Flower Tip Straps 7.5CM B07FYG4NFM Parent , Sandals High Heels Women's Banquet Rhinestone Buckle Waterproof Platform High Heels Ms Sexy Fashion 9.5CM B07FYGDJ18 ParentSteve Madden Women's Beella Dress Sandal B07FYY5JP3 Parent
AnchengKAO High-heeled Sandals Women's High Heels Sexy Was Thin Wild (Color : Gray, Size : 6 UK) B07FYH633B Parent , Cafè Noir KLD941 Medium Heel Sandal with KISS ME Accessory B07FZ3JK3D ParentJIANXIN Sandals Female Flat Sandals Rivet One-button Buckle Black And Green Summer Casual And Simple Bright Diamond... B07FZ15K55 ParentJIANXIN Sandals Female Heel Sandals Delicate Suede Pearl Chain Buckle Black And Gray 35-38 Yards (Color : BLACK... B07FZ3YQTD Parent
JIANXIN Sandals Female Flat Sandals Mark Stitches One-button Buckle Brown And Green Summer Casual And Comfortable... B07FZ3KS6G Parent , JIANXIN Sandals Female Flat Slippers Sheepskin Uppers Metal Buckle Summer Casual And Comfortable One-piece Sandals... B07FZ45LNM Parent , JIANXIN Sandals Female Flat Slippers Retro Square Head Summer Sardinian Vamp One-piece Sandals Fashion Casual... B07FZ4LKMC Parent , JIANXIN Sandals Female Heel Sandals Velcro PU Mirror Black And Gun Color Roman Style 35-38 Yards (Color : Gun... B07FZ4NKBY Parent , LYY.YY Style Gemstone Sandals Totem Sandals Shoedecorated With Comfortable Square Root Handmade Suede Sandals(... B07FZ5264R ParentCafè Noir KNA512 Sandal Sabot with Two Knots in Suede B07FZ6Y62B Parent
Cafè Noir KGC122 Gilda Sandal with Calf Leather B07FZ6ZX1F Parent , Cafè Noir KGB105 Belt Sandals With Accessory B07FZ721GZ Parent , GUORZOM Ms. Fish Mouth Hollow Sandals Waterproof Platform Back Zipper Dress High Heels Bride Wedding Sandals (... B07FZ7F1ZR Parent , GUORZOM Women's Transparent Bow Sandals Fish Mouth Open Toe High Heels Banquet Evening Dress Fashion Sandals (... B07FZ7M6LX Parent
Cafè Noir KHF924 Striped Iron Slippers B07FZ7N518 Parent , Cafè Noir KGE837 Double Cross Crossed Sandal B07FZ7RWZD Parent , Tingtingbin Female Sandals Sandals Women Sandals Casual Wedges Toe Sandals B07FZ7TKRW Parent , Tingtingbin Female Sandals Women's Sandals Women's Flat Bottom Flat Flat Wedges B07FZ7ZBT9 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.