High-heeled shoes Spring Summer Sequins Rubber Sole Shallow Mouth Ms 9cm Heel Thin Heels Shoes Stage Bridesmaid... B07CG52KTM ParentSequined Cloth Upper Shallow Mouth Female High Heels Thin Heels Women's Shoes Banquet Shoes B07CGNRMYT Parent
Spring/Summer Frosted Uppers Fish Mouth Shallow Mouth High Heels Thin Heel Women's Shoes Nightclub Shoes B07CJHFGNW Parent , PU+ Mesh Upper Summer Nude Color High Heels Fish Mouth Thin Heel Shallow Mouth Women's Shoes B07CK19XB6 Parent , Spring Frosted Uppers Bandages Thin Heels Inner Waterproof Platform High Heels Shallow Mouth Women's Shoes B07CKSDZXJ Parent , Spring/Summer Apricot/Black Fish Mouth Female High Heels Thin Heel Women's Shoes B07CKWDGNY ParentSpring PU Upper Shallow Mouth Thick Heel Shoes Round Head High Heels Women's Shoes B07CL18SMV ParentWomen's Wedding Shoes Satin Silk Closed Toe Flat Shoes Low Round Head Court Shoes/F5049-17 B07CN3P7XP ParentExing Womens's Shoes Slip On Canvas Shake Shoes Height Increase Thick Bottom Ladies Canvas Shoes Comfort Athletic... B07CR4Q1FL Parent
Exing Women's Shoes Ladies Canvas Shoes Slip On Lazy Shoes New Shake Shoes Flat Heel Height Increase Athletic... B07CR5DJK4 Parent , Womens's Shoes New Slip On Lazy Shoes Leather Thick Bottom Fitness Shake Shoes Mom Shoes Large Size Spring Fall... B07CR95XN7 Parent , Women's Shoes Spring Summer Comfort Sneakers Walking Shoes Fitness Shake Shoes Canvas Shoes for Daily Casual Pink... B07CR9NYW8 Parent , Asics Gel-Challenger 10 Women's Tennis Shoes B07CSJZ5YK Parent , Gentleman/Lady FANG-SDUDIO Female Shoes Vogue B07CVD868Z Parent Many styles a variety of Direct business , FANG-SDUDIO A Woman's Shoe with A Round Heel and A Single Shoe with A Shallow Square Head B07CVFHHMC ParentFANG-SDUDIO Women's Shoes 2018 Spring and Summer New High Heeled Shoes B07CVFP66K ParentFANG-SDUDIO Women's Shoes 5Cm Sharp and Bridesmaid Shoes B07CVFZNT7 ParentFANG-SDUDIO Women's Shoes, European and American Wind Sharp and Soft Leather Shoes B07CVG7KN1 ParentFANG-SDUDIO Women's Shoes, European and American Metal Individual Button Girl High Heels B07CVHL9PZ Parent
WYMNAME Womens Latin Dance Shoes,Soft Bottom Dance Shoes High Heels Sandal Ballroom Dance Shoes B07CVK9C3M Parent , WYMNAME Womens Latin Dance Shoes,Modern Dance Shoes Dancing Shoes High Heel Sandal B07CVKD696 Parent , FANG-SDUDIO Women's Shoes, High Heels, Thin and Sharp, Shallow, Sexy Shoes. B07CVKQWPY Parent , WYMNAME Womens Latin Dance Shoes,Outdoor Dance Shoes High Heels Soft Bottom Social Dancing Shoes B07CVL2VY3 Parent , WYMNAME Womens Latin Dance Shoes,Social Dancing Shoes Dancing Shoes Ballroom Dance Shoes B07CVLN3HW Parent , WYMNAME Womens Latin Dance Shoes,Dancing Shoes Social Dancing Shoes Sandal Ballroom Dance Shoes B07CVLQJFK ParentWYMNAME Womens Latin Dance Shoes,Modern Dance Shoes Square Dance Shoes Middle Heels Sandal Ballroom Dance Shoes B07CVM5HWC ParentWYMNAME Womens Latin Dance Shoes,Soft Bottom Anti-skidding Sandal Ballroom Dance Shoes B07CWTXX3W Parent
WYMNAME Womens Latin Dance Shoes,Diamante Ballroom Dancing Shoes High Heels Sandal B07CWV8RSR Parent , WYMNAME Womens Latin Dance Shoes,Suede Thin Heels Soft Bottom Modern Dance Shoes High Heel B07CWVJB92 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.