Women Sandals Women's Casual Peep-toe Flat Clip Toe Shoes Roman Summer Sandals Thong B07DLVLHZ4 Parent , Women's Summer Peep Toe Sandals Strap Beach Flip Flops Flat Slingback Post Sandals Shoes B07DLVKCL5 Parent
TWGDH Flip Flop Sandals Open Toe Breathable Leather Beach Non-Slip Platform Shoes Slippers B07DN99JZS Parent , TWGDH Chunky High Heel Sandals Ankle Boots Womens Mid Heel Casual Breathable Open-Toe Shoes B07DMVDJK9 Parent
XIE Women's Beach Sandals Flats Non-slip Leather Open Toe Platform Women's Shoes 35-42 B07DN9TX9K Parent , TWGDH Flat Sandal Gladiator Roman Shoes Open Toe Ladies Summer Strappy Buckle Zip Boots Sandals B07DNBCM65 Parent , Women's Platform Heels Open Peeps Women's Stiletto Party Shoes Strap Hollowed High-heeled Sandals B07DNZY7W7 Parent
Women's Elegant Pointy Low Mid Heels For Wedding Party Pumps Sandals Thin Heels Bridesmaid Evening Shoes B07DP14YZ2 Parent , Women's Sandals Pointed Shallow Mouth Thick Buckle High Heels Summer Thick Pointed Shoes Fashion Color Matching... B07DP1DH3K ParentTWGDH Slippers Flip Flop Summer Low-Heeled Transparent Casual Open Toe Indoor Outdoor Sandals Ladies Shoes B07DPQJRHS ParentLangmotai sandals Summer Shoes Pearl Slippers Beach Shoes Female Slippers B07DSDB5F3 Parent
Bohemian Flat Heel Shoes Sandals Women's Summer Clip Toe Outdoor Beach Flip Flops T-Strap Thongs Walking Vacation... B07DQYR4WM Parent , MingXinJia Middle-Aged Women's Shoes Mother's Sandals Soft-Bottomed Flat Heel Sandals Large Size Middle-Aged Female... B07DT2B559 ParentXING GUANG Summer Korean Version Of The Bow Comfortable Beach Shoes Tendon Soft Bottom Flat Shoes With A Word... B07DRHH45S Parent
MIAOMIAOWANG Women's Cross-strap Roman Flip Wedge Heel Shoes Comfortable And Stylish (Color : Black, Size : 40) B07F1C6YHB Parent , MingXinJia Snake Roman Rhinestone Sandals Women Flat Bohemian Joker Beach Platform Sandals Fashion Sandals Rubber... B07DVXKT3F Parent
LUCKY CLOVER-A Sandals Pumps Women High Heels Satin Peep Toe Pumps Satin Bridal Party Court Shoes Gray Brown,EU37... B07F2VBCMB Parent , XING GUANG New Easy-to-carry Flat Fly Sandals Fashion Toe Low-heeled Beach Shoes,Apricot(37) B07F1L65TS Parent
Sandals Women Summer Thick Bottom Wedges Slipper Indoor Outdoor Flip-Flops Beach Shoes,White,38 B07F8CLL34 Parent , Ladies sandals super high heel sandals, Rome woven sandals, high heeled shoes, toe toe sandals. B07F6HB48Y Parent
Womens Ladies Stiletto Heels Hollow Peep Toe Sandals Artificial PU Casual Shoes B07FF9PKHV Parent , Rhinestone Pinch Sandal Female Flat Wild Student Bohemia Clip Toe Shoes Fashion Sandals Adult Compound Herringbone... B07F8NHKGT Parent
Sandals Women Havaianas Slope Shoes With Rhinestone Beach Summer Slipper,Black,35 B07FGFSRY9 Parent , Square Head rough Heel Sandals Female Wild Shallow Straps Fairy Shoes Retro Fashion Sandals Adult Suede Rubber... B07FGFG3QL Parent
Women's Sandals Rhinestone Flat Toe Sandals Elastic Dew With Strap Flat Bottom Strap Toe Shoes Bohemian B07FJLFQM1 Parent , Womens Ladies Sandals Summer New Artificial Rhinestone Buckle Belt Shoes B07FMBJ4N5 Parent , LINYI Womens Ladies 2018 New Sandals Square Head Casual Mary Jane Fashion Shoes B07FLVFG8W Parent , Xsj Women Flat Shoes Bandage Bohemia Leisure Lady Sandals Peep-Toe Outdoor Shoes,Black,36 B07FP6ZJCX Parent , JIU Sandals Slippers Women's Shoes Summer PU Material Fashion Flowers Comfortable Non-slip Beach Sandals Loved... B07FND73JN 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.