SHOESHAOGE Stiletto Heels With Black Fine With Missing Toes With Buckle Sandals Shoes Summer Women'S Shoes B0753M1Z5N Parent
SHOESHAOGE Sandals, Fine Heels, Low Heels, Silver Bows, High Heels With Shoes. Women'S Shoes B0753M1VFX Parent , SHOESHAOGE Waterproof Table Velvet Face Leakage Toe Buckle With Hollow Female Sandals Pierced Fine Heels Summer... B0753M39HZ Parent , SHOESHAOGE Baotou Sandals Square Head With Shoes Children Coarse Heel Girl One Word Buckle Heels Women'S Shoes B0753M39HV Parent , SHOESHAOGE Summer Fine Heel Leaking Toe Sandals One Word Buckle Heels Female Shoes Women'S Shoes B0753M39J6 ParentSHOESHAOGE Sandals Fine Heel Leaky Toe Heels Fashionable One Word Buckle Sandals Female Women'S Shoes B0753M39JT Parent
SHOESHAOGE Summer Black Heels Fine With A Word Buckle Toe Girl Shoes Sandals Women'S Shoes B0753M39KJ Parent , SHOESHAOGE Coarse Heel Sandals With Heel Heels Roman Sandals Women'S Shoes B0753M39KG Parent , SHOESHAOGE Summer Simple Fine And Waterproof Table Super High Heel With Buckle Toe Sandals Girl Women'S Shoes B0753M39V1 ParentSHOESHAOGE One Word Buckle Heel Sandals Spring Summer Students Hollow High Heels Small Yards Pointed Shoes Female... B0753M39TD ParentSHOESHAOGE Summer Leaking Toe Clasp With Heel Sandals Coarse Heel Heels Women'S Shoes B0753M39V4 ParentSHOESHAOGE Fashion Sandals Coarse Heel Heel Drain Toe Butterfly Knot Fish Mouth Buckle Belt Sandals Girl Women'S... B0753M39VG Parent
SHOESHAOGE Women'S Shoes Spring Hollow Show Thin One Word Buckle Belt Hollow Ladies Shoes Patent Leather Light... B0753M39W1 Parent , SHOESHAOGE Summer Shoes Retro Embroidered Coarse Heel Sandals Leak Toe High Heel Embroidery National Wind Cheongsam... B0753M3JRW Parent
SHOESHAOGE Sandals Season High Heel Sandals Women With Big Yards Roman Women Shoes Women'S Shoes B0753M3JS6 Parent , SHOESHAOGE Funny Sandals Female Pointed Shoes Baotou Shoes Heel Heels Summer With A Word With Women'S Shoes Women'S... B0753M3JS3 Parent , SHOESHAOGE Fashion Post-Air Sandals Summer Fine Heels With Pink High-Heeled Shoes Women'S Shoes B0753M3S3F Parent
SHOESHAOGE Sandals Girl With A Word To Buckle Toe High Heel Heel Shoes Students Women'S Shoes B0753M3L5D Parent , SHOESHAOGE Spring Velvet Noodles With Waterproof Platform High Heels Product With Leaking Toe Sandals Girl Women'S... B0753M3S3W Parent
SHOESHAOGE One Word Buckle Heels Black Sandals Fine Heel 7Cm5Cm Women'S Shoes B0753M3S3Z Parent , SHOESHAOGE Diamond With Ankle Strap Sandals Velvet Noodles Super High And Female Women'S Shoes B0753M3S47 ParentSHOESHAOGE Summer Sandals Women With Missing Toes Heel Temperament High Heel Shoes Women'S Shoes B0753M3S4S Parent
SHOESHAOGE Square Head High Heel With One Word Buckle Toe Patent Code Student Cool Shoes Women'S Shoes B0753M3ZHL Parent , SHOESHAOGE Shoe Season Fashion Fine With Shoes Pointed A Word Buckle Cup Heel High Heels Women'S Shoes B0753M44V1 ParentSHOESHAOGE One Word Buckle Fish Mouth Sandals Coarse Heel Shoe Heels Shoes Summer Women'S Shoes B0753M4P53 ParentSHOESHAOGE Sandals Show Thin Word Buckle Toe Heels Fine Heel Suede Black Heel Shoes Women'S Shoes B0753M4P5W ParentSHOESHAOGE Sandals Season Pierced Fine With Baotou Women'S Shoes One Word Buckle Belt Roman And Sandals Girl Summer... B0753M4P6C Parent
SHOESHAOGE Thick Bottom Sandals Season Flat Bottom Pine Cake Student Simple One Word Buckle Roman Shoes Female... B0753M5HJY Parent , SHOESHAOGE Summer Hollow Sandals High Heel-Tipped One Word Buckle With Shoes Fine And Patent Leather Women'S Shoes... B0753M5TPQ 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.