Sandals CJC High-Heeled Baotou High Heels Thin High Heels Sexy Fashion Elegant Get Together Student B07DPLTTNY Parent , GENUINS Sandalo Donna 36 Nero Tami Bioflor Primavera Estate 2018 B07DPMGR38 ParentGENUINS Sandalo Donna 37 Nero Tami Bioflor Primavera Estate 2018 B07DPM4LND Parent
GENUINS Sandalo Donna 40 Nero Tami Bioflor Primavera Estate 2018 B07DPNKCGN Parent , GENUINS Sandalo Donna 38 Nero Tami Bioflor Primavera Estate 2018 B07DPMX3XH Parent , Gentlemen/Ladies VISIONE Women's Fashion Sandals B07DPPMZ2V Parent Excellent value Beautiful Exquisite processingBalaMasa Womens Sandals Kitten-Heel Huarache Urethane Sandals ASL04770 B07DPS1JK8 Parent
BalaMasa Womens Sandals Huarache Water_Resistant Urethane Sandals ASL04767 B07DPS1JK9 Parent , AdeeSu Womens Zipper Chunky Heels Peep-Toe Pleather Sandals SLC03615 B07DPS8FQY Parent , Laura Biagiotti Scarpe Donna Sandali in Pelle nera 646-BLACK B07DPW2SWH Parent
Guess FLAT22 ESU19 High Heeled Sandals Women B07DQ9B7CN Parent , Guess FLHRR2 SAT03 Wedge Sandals Women B07DQGDS6J Parent
Angel love beauty Women's Zipper High Heel Sandals Ladies Peep Toe Evening Party Prom Sandals (Size : 5.5UK) B07DQK36DT Parent , Angel love beauty Ladies Stiletto Heels High Heel Double Strap Buckle Party Sandals (Size : 7UK) B07DQMV7CX Parent
Angel love beauty Womens Ankle Strap Stiletto High Heel Ladies Strappy Tassels Sandals (Size : 5.5UK) B07DQN3FNZ Parent , Angel love beauty Womens Zipper High Heel Sandals Ladies Peep Toe Evening Party Prom Sandals (Color : Gold, Size... B07DQNN4PC Parent , @Sandals Thick Bottom Slippers, Summer Han Edition, Wear High Heels And Casual Ladies' Slippers. B07DQPH2WG Parent , Angel love beauty Women's Peep Toe High Heels Zipper Evening Party Prom Sandals (Color : Brown, Size : 5.5UK) B07DQPNFS3 Parent , Donyyyy Slipper with high heel slippers, summer slopes and round head sandals. B07DQPNH16 ParentBionatura Sabot 64C2016 Black - Nero, 37 B07DQS85WY ParentWomen's sandals and flip-flops with ultra-thin waterproof platform sandals banquet sandals B07DQSGZM8 Parent
@Sandals High Heel And Thick Bottom Slipper Slippers Slippers And Women'S Towels And Cold Towing B07DQSX4P2 Parent , Ms. ladies sandals leather sandals thick with high-heeled sandals strap dew-toe sandals B07DQTV8QL Parent , Women's Summer Sandals, Casual Thick Sole Slope with Open Toe Middle Strap Buckle Sandals B07DQV3JNQ Parent , @Sandals Trailing The Korean Version Of The Air, Women'S Slippers, Super High Heels, Waterproof Tables, Thick... B07DQV418W ParentGRACE SHOES 1388 High Heeled Sandals Women B07DQWJXRX Parent
Women's sandals sandals with European and American ultra-high sandals banquet sandals B07DQXTZZ4 Parent , AJZGF in Summer, The New Style Wears Flat Sandals, and The Beach is Non-Slip Ethnic Cool Sandals and Slippers. B07DQYFZ8B ParentLutalica Women's Fashion T-Strap Studded Casual Comfort Summer Flats Sandal Shoes B07DQYMK8D 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.