Scennek Men's and Women's Open Toe Casual Leather Comfortable Sandals B07FTL43VP Parent
European Station Big Leather Buckle with A Breathable Hollow High Heel Women's Sandals B07FXS1CHG Parent , IANGL High Heels Ladies with Pointed Sandals Baotou B07FTNHBYZ Parent
IANGL High Heels Rough Sandals Women's Summer Suede Show Waterproof Table All Around Black Buckles High Heels. B07FTRQ542 Parent , Ladies Easy B Leather Sandals Stroud B07FTNMBFR Parent , IANGL High Heels Rough Sandals Women's Summer Style with Baotou with High Heels. B07FTPPX4M ParentHigh Heels Sandals Women Summer Cats and One Toe Middle Toe Cross Ties and High Heels. B07FTTS5QG Parent
K&GQ sandals Women's High Heels Cotton Crystal Pointed Fashion Buckle Shallow Mouth Solid Color Fashion Comfortable... B07FTQM1RJ Parent , XY Sandals Cool Slippers Female Summer Fashion Flip Flops Thick Bottom Beach Slippers Non-slip Lovely Slope Sandals... B07FVP4H93 Parent
Gentlemen/Ladies Bionatura Sandals with Glitter B07FTT1VPC Parent Reliable quality Elegant and sturdy packaging a wide variety of goods , Ms. Summer Thick Heel Large Size Sandals B07FSDN1RM Parent , IANGL High Heels The Middle and The Fish Mouth Sandals Ladies' Buckles with Beaded High Heels. B07FTWTRP2 Parent , XY Sandals Flip Flop Female Summer Fashion Outdoor Student Cross Chic Flat Bottom Sandals And Slippers (Color... B07FW447DM Parent , Pregunta PEC1094-LT 002 Clogs Women B07FV36P33 ParentAN Womens Solid Charms Buttons Urethane Sandals DIU01074 B07FSDWSLL Parent
1TO9 Womens Assorted Colors Dress Cold Lining Urethane Sandals MJS03456 B07FVQF1J8 Parent , IANGL High Heels Woman with Summer Sandals High Profile Sandals Thick Bottom Toe Toe Sandals. B07FTMF5ZH Parent , XY Sandals Sandals Female Summer Outdoor Mid Heel Simple Flat Bottom Flip Flop Cool Slippers (Color : BLACK, Size... B07FVZN768 Parent , Pregunta PEC1094-LT 001 Clogs Women B07FTZDPXJ Parent , Gentleman/Lady Superdry Anna Wedge Espadrille B07FW65H9H Parent superior fashionable Non-slipXY Sandals Flip Flop Female Summer Fashion Outdoor Sea Side Clip Feet Beach Sandals Flip Flops (Color : BLACK,... B07FW4DMTV Parent1TO9 Womens Paisley Hiking Mini-Size Urethane Sandals MJS03459 B07FVY5BF7 ParentMarco Tozzi MT28706 High Wedge Sandal B07FWP5LT6 Parent
SBL Flat sandals female summer wedge with open toe buckle with rhinestones,Black,36 B07FSDKNRB Parent , 1TO9 Womens Fringed Mule Knot Medallion Urethane Sandals MJS03460 B07FW8GMDD Parent
XY Sandals Flip Flop Female Summer Fashion Outdoor Sea Side Clip Feet Beach Sandals Flip Flops (Color : GREEN,... B07FWST5W9 Parent , Women's Flatform Rhinestone Evening Stiletto Fashion Sandals Party High Heels Pumps B07FWSX2N3 ParentQIONGQIONG Summer Europe and America Cross Strap Sandals Transparent Word with High Heel Sandals B07FXJF5CB Parent
1TO9 Womens Stripes Dress Cold Lining Urethane Sandals MJS03457 B07FWPCR8L 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.