Women's shoes Summer Red Explosion Models Small White Shoes Baotou Slope With Increased Women's Sandal Breathable... B07C66J4SL Parent , GAOLIXIA Suede High Heels Female Fashion Pearl Hollow Stilettos Pure Color Low Help Shoe Street Spring, Summer... B07C8GW1VT Parent , QPYC Women Cross Straps Open Toe Loose Cake Thick Bottom Slope Heel Sandals Inside Increase High Platform Shoes... B07C8LHZRL Parent , GAOLIXIA Spring And Autumn Women's Shoes Splice Fashion High Heels Pointed Shallow Mouth Thick With Women's Shoes... B07C8QHN18 ParentGAOLIXIA Spring And Autumn Gradient Fashion Women's Shoes Beaded Pointed Waterproof Platform High Heels Shallow... B07C8RC47Q ParentGAOLIXIA Women's Shoes Flowers Thick With Women's Singles Shoes Europe And America Fashion High Heels Pointed... B07C8RDBMH Parentlusam feeling Womens Running Shoes Sports Tennis Walking Shoes Breathable Lightweight Sneakers B07C8ZTHZY Parent
GAOLIXIA Spring Summer Women's Ultra High Heels Hollowed Out Fish Mouth Shoes Nightclub Sexy Thin High-heeled... B07C91GW84 Parent , SHOESHAOGE The Girl Sandals Slotted Tie Satin Pointed High-Heeled Baotou Thick Hollow Single Shoes With Rome. B07C97275T Parent , GAOLIXIA Female Summer Sandals Striped Cross-heeled High Heels Everyday Wear Fashion Shoes Two Colors Optional B07C97FNM9 ParentGAOLIXIA Women Lady Girl Fashion Rivet Pointed Toe Stiletto Bow Color Matching Shoes Spring Summer And Fall B07C98X2B2 Parent
GAOLIXIA High Quality Fish Mouth Shoes Women Gradient Cloth Surface Peep Toe Platform Pumps Modern Lady Party... B07C98XGCS Parent , GAOLIXIA Women's Shoes Leatherette Spring Summer Comfort Novelty Fashion Boots Bootie Heels Stiletto Heel Rhinestone... B07C9C6KKD Parent , MHX Women's Shoes Patent Leather PVC Spring Fall Club Shoes Heels Stiletto Heel Pointed Toe for Office & Career... B07C9GWDK3 Parent , GAOLIXIA Women's Shoes Platform Shoes Spring New Wild Comfortable Sports Casual Outdoor Flat Shoes Fashion Women's... B07C9F83WF Parent , MHX Women's Shoes Paillette Spring Fall Basic Pump Heels for Casual Party & Evening Silver B07C9J3HBB Parent , GAOLIXIA Sports Shoes Female Spring Stitching Muffins With Leather Stitching Color Matching Wild Thick Bottom... B07C9H1T2W ParentMHX Women's Shoes Flat Primer Metal Buckle Shoes Flat Work Shoes Retro College Wind Shoes B07C9JJJCY ParentMHX Women's Shoes Canvas Shoes Shoes Student Couple Casual Shoes B07C9JRSG7 Parent
MHX Women's Shoes Leatherette Spring Summer Chunky Heel Bowknot Split Joint for Casual Outdoor Dress Black Red... B07C9K2GNJ Parent , MHX Women's Shoes High-heeled Shoes Europe And America High Heels Spring And Summer New High-heeled Shallow Mouth... B07C9KK996 Parent , Qingchunhuangtang@ Travel Beach Shoes in summer, wear thick bottomed sandals, seaside resort slippers and slippery... B07C9MYT5S Parent , Qingchunhuangtang@ Slope heel slippers in summer outside wear antiskid tow flat bottomed sandbank shoe pinch B07C9MNPT2 Parent , MHX Women's Shoes PU Summer Comfort Sandals Walking Shoes Low Heel Open Toe Buckle For Outdoor Black Orange Beige B07C9T6ZN6 ParentMHX Women's shoes Spring New Solid Color Sets Of Single Shoes Buckle Leather Shoes Ma Grandma Shoes B07C9RFRSR ParentGAOLIXIA Women's High Heels Spring Summer Fashion High Heel Sandals Bandage Shoes Fish Mouth Shoes Black, Creamy-White... B07C9X6FT7 ParentMHX Women's shoes Summer Korean Version Open-toed Female With Casual Strap Sandals Rough B07C9TJPVY Parent
SHOESHAOGE The Girl Sandals Sweet Crude With High-Heeled Shoes Thick Waterproof Taiwan Female Shoes Fish Mouth... B07CB4LXHB Parent , KPHY Latin dance shoes ladies adult and social dance shoes soft bottom dancing shoes women's shoes square dance... B07C9YQPQ1 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.