Summer female sandals with the word slippers thick with ladies cool slippers fashion shoes B071Y5C36P ParentWomen's cool sandals summer wild thick slope with sandals hollow flat shoes casual shoes B071YDC2XZ Parent
Fashion ladies sandals fish mouth low to help women shoes pearl buckle flat with frosted women sandals, grey,... B071Y6MBFJ Parent , Summer tassels students shoes buckle toe thick with the female sandals B071Y4KPG7 Parent , Milled female sandals summer casual sandals flat shoes sandals B071Y7FKWS ParentSummer word with a female sandals high-heeled shoes with women's fashionable toe ladies shoes B071Y5JH26 Parent
Fashion ladies sandals fish mouth low to help women shoes pearl buckle flat with frosted women sandals, black,... B071YGPMM4 Parent , Student thick bottom low with open toe sandals shoes summer ladies cool slippers B07227HCFW ParentSummer female sandals thick with wild ladies sandals pearl fish mouth shoes B07227HLNS ParentSummer ladies cool slippers flat fashion slippers word drag shoes B07229H9BP ParentSummer casual shoes slippers beach shoes outdoor cool slippers B07229H9C3 Parent
Summer thick sandals fashion women's shoes with round head women sandals B07229HZHJ Parent , Fish mouth low to help women's shoes with rivets temperament female sandals high-end women's shoes B072BBXPKK ParentSlope with sandals female summer thick grass straw shoes with the word buckle with female sandals B072BBXV3Q Parent
Summer women's sandals with fish head shoes diamond hollow women's shoes with thick sandals B072DRXH8J Parent , Summer women 's shoes high - heeled women' s sandals fashion rivets open - toed shoes one word deduction string... B072DTNNR2 Parent , Spring and summer high to help increase the women's shoes low-heeled fish mouth female cool boots water diamond... B072DTNR6G Parent , Spring and summer women's shoes with thick female sandals frosted with the first side of the first toe female... B072DTNLTL Parent
Summer pearl fish mouth sandals female word buckle high-heeled women's sandals with wild shoes B072HCM4T3 Parent , Rope with a buckle female sandals watermates fishtail high-heeled shoes B072DVL9YS Parent , Comfortable thick with female sandals with fish mouth exposed toe shoes B072HCMZL8 Parent , Summer wild slope with female sandals flat bottom fish mouth students shoes B072HH5QH2 Parent , Summer open - toed flat - bottomed low - rise student female sandals word buckle soft bottom shoes B072HH5W5G Parent , Summer students flat shoes sandals comfortable slope with non-slip shoes B072HJ46RW Parent , Rhinestone with thick shoes with summer shoes B072HH661P Parent , Summer female sandals slope with the folder toe diamond metal after the package shoes B072KXH26C ParentSummer wild female sandals Baotou with a single shoe hollow round button buckle casual shoes B072KXNYM8 ParentExposed toe thick with thin women's summer fashionable high-heeled shoes B072KXH26V ParentSummer fashion a word woman sandals wild beach shoes flat with flat sandals slippers female B072KYWWLT 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.