HBDLH Women's shoes/Breathable/comfortable4Cm High Heels Thin Heels Sandals Summer Bandages Buckles Toe Clips... B07DP4ZLBZ Parent
KPHY Soft Bottom Sandals Thick Bottom Slope Heel Retro Women'S Shoes Sandals Summer Hollow Baotou B07DP2R1Z6 Parent , Sandals Wedges Summer Platform Heels Vintage Elegant Women's Open Toe Party Shoes (Color : Apricot, Size : 38) B07DP65SH6 Parent
GAOLIXIA Women's Shoes Summer Rhinestone Rome Sandals Leather Clip Toe Fashion Ankle Strap Sandals Outdoor Flat... B07DPMZG2B Parent , AJZGF Female Wears Slippers, Two Pairs of Shoes are Worn, one Type, Flat Female Slippers in Summer. B07DPKTK7Y Parent
HBDLH Women's shoes/Breathable/comfortableIn Summer 9Cm Has High Heels Toes Buckles Sandals Rough Heels And Women'S... B07DP57BVF Parent , Women's Pointed Toe Ankle Strap Party Sandals Evening High Heels Shoes B07DPMFPZN ParentDALL Court Shoes Breathable Women's Shoes High Heels Slippers Sandals Beach Shoes Summer Wear-resistant 6cm High... B07DQVWLCF Parent
Ladies Block High Heel Sandals Flowers Adorn Buckle High Heels Shoes B07DPMPQBV Parent , WYYY Women's Shoes Summer Low Heel Block Rhinestone Decoration Word Buckle Open Toe Pure Color Low Heels Casual... B07DPMCFQZ Parent , QINGTAOSHOP Womens Ladies High heels STRAPPY sandals Ankle strap Leaky toe shoes Stiletto high heel Party shoes... B07DQFF3W8 Parent
AJZGF Strap Stiletto Heels. Sexy Summer Shoes. Wild New Sandals. B07DPP5717 Parent , Cute Butterfly Rhinestone Decoration Roman Shoes Flat Sandals Princess Shoes B07DP66KYH Parent
WYYY Women's Shoes Summer Low Heel Block Retro Word Buckle Open Toe Pure Color Low Heels Casual Shoes Party Sandals... B07DPN2T36 Parent , HBDLH Women's shoes/Breathable/comfortableSummer Sandals Women High Heels Toes Fine Heels B07DP4VB6S Parent , DALL Court Shoes Pearl Decoration Women's Shoes High Heels Slippers Sandals Beach Shoes Summer 10cm High (Size... B07DPSZ2VB ParentWYYY Women's Shoes Summer Low Heel Block Retro Word Buckle Open Toe Pure Color Frosted Low Heels Casual Shoes... B07DPMTVKQ Parent
AJZGF High-Heeled Shoes with a Word Buckle Women's Shoes, Wild New Summer, with Women Sandals. B07DPNZXDZ Parent , GAOLIXIA Women's Shoes Leather Sandals Retro Platform Sports Sandals Outdoor Velcro Flat Casual Shoes Black White... B07DPNK637 Parent
QINGTAOSHOP Women's Shoes Stiletto Heels Word Sandals Sexy Heels Black plaid cloth (Color : Black, Size : 37) B07DQFF2D4 Parent , QINGTAOSHOP Women's Shoes Stiletto Heels Word Sandals Sexy Heels Brown plaid cloth (Color : Brown, Size : 36) B07DQHQCG5 Parent , ZHANGJIA Sandals Summer Female Taste Chic Shoes Ins Tide Shoes Female Students Leisure Section B07DQQB15X ParentAJZGF Fish Mouth Shoes Ladies Sandals, with The New Summer, Wild Rough with high Heels. B07DPPMPQL Parent
GAOLIXIA Womens Ladies Leather Sandals Pumps Summer Open Toe High Heels Cross Straps Wedges Heel Sandals Party... B07DQPG3G7 Parent , HBDLH Women's shoes/Breathable/comfortableHeel Belt Sandals 9Cm High Heels Wild Women Toes Summer Rome Shoes. B07DP4Q1RJ Parent , AJZGF Fish Mouth Shoes, Ladies Sandals, Paragraph Wild Buckle Buckle with high Heels. B07DQKTLND Parent , QINGTAOSHOP Women's Shoes Stiletto Heels Word Sandals Sexy Heels (Color : Brown, Size : 34) B07DQK9NLG ParentAJZGF Fish Mouth Sandals, Women's Summer New Style Heel Shoes, Wild mesh Coarse Heel Shoes. B07DQRSS72 Parent
AJZGF Women's Sandals, with The New Summer Women's Shoes, Wild Buckle Small Clean Heels. B07DQPVQ2C 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.