GAOLIXIA Women Suede Open Toe Pumps Sandals T-Strap Summer Ankle Strap Metal Heel High Heels B07CVV3B4Z ParentMan's/Woman's Paris Hilton - 1520 B07CVBJ69W Parent Wear resistant Attractive fashion Suitable for color
MSFS Women Sandals Leather Elderly Flat Grandmother Non-slip Soft Soles Size 35 To 42 B07CTK8WZH Parent , ZLIDS Ms. Summer Fashion Coarse High Heel Open Toe Word Buckle Round Sandals White Pink B07CVGJ9F8 Parent
ZBeiBei Womens Sexy Party Low Heels Shoes Clear Strap Buckle Rhinestones Sandals B07CTLH3FY Parent , Summer New Style Sandals and Slippers Metal Decorating Tips Bottom Slippers Fashionable High Heels B07CVJGCPX Parent , ZBeiBei Womens Sexy Party High Heels Shoes Rhinestones Flower Slingback Sandals B07CTM7G1F Parent , The Bottom of The Sponge Cake Increases Lazy Thick-Bottomed High-Heeled Fish-Mouth Slippers Ladies Non-Slip Sandals... B07CVLBFH3 Parent , MSFS Women Sandals Leather Elderly Rhinestone Grandmother Non-slip Soft Soles Size 35 To 41 B07CTJTWV9 Parent , ZLIDS Lady Summer Fashion Wild Thick Heel Buckle Open Toe Sandal Black White B07CVLRK7X ParentGAOLIXIA Womens Ladies Open Toe Pumps Sandals Summer Roman Style Ankle Strap Rivet Wedge Sandals Hollow High Heels B07CVB15XJ ParentMan/Woman Grunland SB0358 Sandals Women B07CVN2TDS Parent Quality queen Selected materials A balance between toughness and hardnessLBLX Sandals, Europe and America Summer Fish Mouth Cross Straps Thick Heel High-Heeled Sandals B07CVBRS48 Parent
LBLX Sandals, Comfortable High Heel Fish Mouth Sandals B07CVT2CWK Parent , Gentlemen/Ladies Paris Hilton - 1514 B07CVLJGC3 Parent Comfortable feeling Lush design Preferential price , LBLX Sandals, Street Beat Show Shine Hollow High-Heeled Sandals B07CVTD8BP Parent
GAOLIXIA Women Open Toe Sandals PU Rhinestone Metal Buckle Glamorous Fashion Ankle Strap Pumps Simple T-Strap... B07CVVNS64 Parent , LBLX Sandals, Thin Band Combination Hollow Slim High Heel Sandals B07CVV6JGJ Parent
GLLX HJHY® Sexy Sandals, Street Beat Show Shine Hollow High-Heeled Sandals Open-Toed Sandals B07CVW5DRR Parent , GLLX HJHY® Sexy Sandals, Summer Rhinestone Slim High Heel Sandals Open-Toed Sandals B07CVWCPJK Parent , GAOLIXIA Women Open Toe PU Sandals Pumps Flowers Rhinestones Ankle Strap Mid High Heel Large Size 40-43 B07CVWJCR8 Parent , GLLX HJHY® Sexy Sandals, Thin Band Combination Hollow Slim High Heel Sandals Open-Toed Sandals B07CVWLNVR Parent
GLLX HJHY® Sexy Sandals, Europe and America Summer Fish Mouth Cross Straps Thick Heel High-Heeled Sandals Open-Toed... B07CVWPFG3 Parent , GLLX HJHY® Sexy Sandals, Summer Hollow Slim High Heel Ms Colorblock Sandals Open-Toed Sandals B07CVWRTRS Parent , GLLX HJHY® Sexy Sandals, Stiletto Sandals Open-Toed Sandals B07CVX58XJ ParentGLLX HJHY® Sexy Sandals, Comfortable High Heel Fish Mouth Sandals Open-Toed Sandals B07CVXHRTM ParentAngrousobiu Summer Round Head Camellias Grid Sub-Straps With Flat Sandals Women Flat Strap Sandals Female Summer B07CVXSHTB Parent
Lh$yu Women Sandals Ladies High Heels Sandals Straps Hollow Serpentine Sexy Fashion Party Wedding Banquet Fight... B07CVXXG3B Parent , KUKI Ms. Metal Mushroom Rivets Fringe High Heel Sandals B07CVXZJ9F 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.