The Divine Factory Women’s Carolina Platform Sandals B077V2ZRTW Parent
Angkorly Women's Fashion Shoes Sandals Mules - t-Bar - Platform - Ankle Strap - Studded - Shiny - Cord Wedge Platform... B07B3Y2HP6 Parent , Angkorly Women's Fashion Shoes Sandals - Ankle Strap - Knot - Node - Fringe - Studded Block Heel 2.5 cm B07B3Y1CSC Parent
Angkorly Women's Fashion Shoes Sandals Pump Court Shoes - Ankle Strap - Knot - node - Thong Block High Heel 7.5 cm B07B3Z2CCQ Parent , Angkorly Women's Fashion Shoes Sandals - Ankle Strap - Snakeskin - Multi Straps Wedge 2 cm B07B3Y3LCB Parent , Angkorly Women's Fashion Shoes Sandals - Folk - t-Bar - Rhinestone - Pom Pom - Fringe Wedge 1.5 cm B07B3Z64QZ Parent , Angkorly Women's Fashion Shoes Sandals Espadrilles - Ankle Strap - Platform - Studded - Pearl - Multi Straps Wedge... B07B3Z64QS Parent , Angkorly Women's Fashion Shoes Sandals Mules - Ankle Strap - Platform - Knot - node - Cord - Braided Wedge Platform... B07B411VN2 Parent
Angkorly Women's Fashion Shoes Sandals Mules - Ankle Strap - Platform - Studded - Pearl - Cord Wedge Platform... B07B3ZKL9Y Parent , Angkorly Women's Fashion Shoes Sandals Pump Court Shoes - High - Open - Fancy/Chic - Rhinestone - Transparent... B07BLL3F2S ParentAngkorly Women's Fashion Shoes Sandals - Gladiator - Ankle Strap - Multi Straps - Studded - Metallic Block Heel... B07B3ZWPCD Parent
Angkorly Women's Fashion Shoes Sandals - Ankle Strap - Gladiator - Buckle - Thong - Zip Block Heel 1.5 cm B07BLMJ3CS Parent , By Shoes Women's Fashion Sandals B07BH1YZ86 Parent , Angkorly Women's Fashion Shoes Sandals Pump Court Shoes - Stiletto - Ankle Strap - High - Fringe - Multi Straps... B07BLMT1K4 Parent , Angkorly Women's Fashion Shoes Sandals - Slip-On - Rhinestone - Shiny - Multi Straps Wedge 3 cm B07BLL7N52 Parent , KUONUO Women's Sandals Flats Fashion Summer Bohemia Beach Sandals Flip Flop Shoes B07C7F6H91 Parent , Angkorly Women's Fashion Shoes Sandals Flip-Flops - Slip-on - t-Bar - Rhinestone - Pearl - Elastic Wedge 3 cm B07BLMQJ1Q Parent , Angkorly Women's Fashion Shoes Sandals - Ankle Strap - Slip-on - Crossed Thongs - Elastic - Shiny Block Heel 2.5 cm B07C8QJ9X3 Parent
JIEEME Ladies Sexy Stiletto Mid Heels Buckle Strap Crystals Women Sandals Silver Gold Summer Women Shoes B07CPLNJNR Parent , Angkorly Women's Fashion Shoes Sandals - Platform - Ankle Strap - Pearl - Studded - Cord Wedge Platform 6 cm B07C8QSZBF ParentAngkorly Women's Fashion Shoes Sandals Mules - Ankle Strap - Slip-on - Jewelry - Fantasy - Crossed Thongs Wedge... B07C8QXH2L Parent
Angkorly Women's Fashion Shoes Mules Sandals - Slip-on - Platform - Pearl - Studded - Cord Wedge Platform 4 cm B07C7FVP8W Parent , W.S. Shoes Women's Fashion Sandals B07C9FFV9M Parent
Angkorly Women's Fashion Shoes Sandals - Gladiator - t-Bar - Ankle Strap - Shiny - Patent - Thong Block Heel 1.5 cm B07CG8P2XJ Parent , Angkorly Women's Fashion Shoes Espadrilles Sandals - Gladiator - Ankle Strap - Multi Straps - Cord Wedge Platform... B07CG88LFD ParentAngkorly Women's Fashion Shoes Sandals - t-Bar - Ankle Strap - Thong Wedge 5 cm B07C8RDDZY ParentQIMAOO Womens Ladies Sandals Peep Toe Shoes B07DD7P6KN Parent
Angkorly Women's Fashion Shoes Sandals Espadrilles - Platform - Ankle Strap - Perforated - Golden - Cord Block... B07BLJZTJZ Parent , Shoe Box Boutique 0103 New Ladies Glitter Party Prom Evening Dress Sandals Size 345678 B07G3LV1KW 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.