KHSKX-Black 10Cm England Fan Martin Boots Winter New Round Head Waterproof Front Straps Side Zipper Thick With... B0789ZPWTT ParentKHSKX-Black Winter New Ladies Boot Round Head Water Drilling Water-Side Zipper Fine And High-Heeled Boots Female... B0789ZPWTV Parent
KHSKX-The Korean Version Of The Black 8Cm Thick And Short Boots Boots Winter New Round Head Abrasive Faux Leather... B0789ZPWTX Parent , KHSKX-Black 10Cm Winter New Ladies Boot Round Head Water Drilling Water-Side Zip Cotton Boots Plus Velvet Boots... B078B1WYKF Parent
KHSKX-Black 10.7Cm With Ultra-High Boots Martin Boots Winter New Metal Decoration Waterproof Is Fine With Female... B0789ZPWV7 Parent , KHSKX-Thick With High-Heeled Boots It Is Winter The New Party Head Side Zipper And Versatile And Comfortable Ladies... B078B1YC6N Parent , KHSKX-Black 9Cm Short Boots Winter New Tip Side Zipper Detail With High-Heeled Boots And Bare Boots Women Ankle... B078B21SKC Parent , KHSKX-Black 10Cm Short Boots Women High-Heeled Fine With Autumn And Winter And Bare Boots Tip Cotton Satin Side... B078B25F7V Parent , EYESONTOES Ladies Womens Waterproof Biker Riding Country Leather Valley WRYE Boots Size B078B4CKN5 Parent
L&KK Winter warm snow boots Lightweight flat waterproof Women's walking boots, 42 B078B84L3D Parent , Stonefly 109410 Ankle Boots Women B078BP4HQ8 ParentWinter warm snow boots Lightweight flat waterproof Women's walking boots , 35 B078BFXK2M ParentREVE D'UN JOUR Women's Boots Black black B078BP8GCV ParentMen's/Women's Icegrey Women's Boots B078BPYFJM Parent New varieties are launched Highly praised and appreciated by the consumer audience negotiationSteve Madden Women's Boots Brown Hazel B078BQDVCQ ParentApepazza YLE09 Ankle Boots Women B078BSG4F5 ParentFLYRCX Fashion personality in autumn and winter elastic wool slippery and warm warm and warm ladies' boots B078HJBHFQ Parent
Lunar Gilmour Faux Suede Heeled Boot GLC636 Grey B078HLZ24Q Parent , Zenzzle Womens Classic Snow Boots Graphic colorful Rose Floral Pattern Print On Size 36-44 B078HHYRYJ Parent , Zenzzle Womens Classic Snow Boots Graphic Tribal colorful Floral Pattern Print On Size 36-44 B078HGSPSH Parent
Zenzzle Ladies Graphic Classic Snow Boots Lovely Strawberry Doodles Design Pattern Print On Size 36-44 B078HHYVMP Parent , FLYRCX Women's autumn and winter fashion leisure elastic warm and warm and antiskid long barrel boots B078HJVZQ7 Parent , FLYRCX Fashionable and casual autumn and winter ladies with warm and warm and antiskid Martin boots B078HJ56Q5 Parent , FLYRCX European autumn and winter high heel chain leisure Martin boots warm and short boots B078BXC2HT ParentFLYRCX Autumn and winter lady with tassel and velvet to warm Martin boots B078HJSS7Z ParentZenzzle Womens Classic Snow Boots Graphic Watercolor Graffiti Bone Colored Flowers Pattern Print On Size 36-44 B078HHYVMX Parent
FLYRCX Autumn and winter lady thickened and warm Martin boots antiskid boots European size: 34-43 B078HK25FB Parent , FLYRCX Martin boots in autumn and winter with antiskid and warm boots B078J4RNLD Parent , Tamaris Women’s 25345 Ankle Boots B078HLZGFF 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.