ThiKin Cool Funny 3D Floral Printed Unisex Casual Canvas Shoes Girls Athletic Sneakers Parent B07GL9N82Y , Advocator Lightweight Mesh Outdoor Boys Stylish Casual Shoes Colorful Sneakers Parent B07GNCM2YRAustralia Football Boot Slippers - S (3.5-5) Parent B0047SWDM4Liebeskind Berlin Ls173130 Canvas, Women’s Hi-Top Trainers Parent B01MQ2G5ZH
Zormey Women'S Heels Spring Summer Fall Club Shoes Comfort Pu Office &Amp; Career Party &Amp; Evening Dress Stiletto... Parent B072NC3XKP , Team Bride Wedding Novelty Design Ladies Flip Flops UK Shoe 4-8/Euro 37-41 (XFFS064) Parent B076NRZ7BSRTRY Women's Shoes Nubuck leather PU Fall Comfort Fashion Boots Boots Low Heel Chunky Heel Round Toe Booties/Ankle... Parent B076CNKF8T
ITTXTTI Ms. sandals female summer new thick-soled beach shoes pregnant women flat leisure students Korean version... Parent B07DVHFRRT , Gola Women’s Fortuna Running Shoes Parent B071Z9G4H5 , KHSKX-Green Wedding Shoes Rough Heel 8Cm Wedding Shoes Waterproof Table Comfortable Shoes Parent B0783MY5TX
HROYL Girl's Satin Ballroom Dance Shoes Latin Salsa Performance Dance Shoes for Little/Big Kids LP-202 Parent B07G5ZVDM8 , MINITOO GL228 Ladies Low Heel Grey Synthetic Latin Tango Ballroom Professional Dance Shoes Wedding Prom Sandals... Parent B01MG4FNC7WX Latin dance shoes women's adult high-heeled shoes dance shoes dance friendship square dance shoes soft sole... Parent B07DN8ZYX7Olympique Gymnastic Shorts In Petrol Shine Parent B077GDL3WDMadaleno Women’s Lightweight Trainers Sports Running Shoes Walking Casual Mesh Sneakers Slip On Parent B07D5QVH2J
NIKE Women’s W Air Max 90 Ultra Essential Running Shoes, Red Parent B001CSAZ2C , Big-Mountain Women Running Shoes Woven Shoes Air Cushion Sneakers Competition Running Shoes Parent B07FSXCQY8 , Adult Breathable Running Sport Tennis Shoes,Beach Aqua, Outdoor,Athletic,Rainy,Skiing,Yoga,Exercise,Slip on Water... Parent B0187X1OA6Nat-2 Cube 4, Unisex Adults’ Hi-Top Trainers Parent B016MMJN1GFind Nice Womens Beginner Practice Latin Dance Shoes Tango Cha-Cha Swing Ballroom Party Wedding Practice Sudue... Parent B07FH7HRCYNike WMNS Juvenade Print QS Parent B00ZE9VBS2
YKXLM Women's Satin&Rhinestones Latin Dance Shoes Standard Salsa Performance Ballroom Shoes,Model A-AF409 Parent B0785PM3D1 , Skechers Women's Go Run 5 - Go Therm 360 Running Shoe Parent B079P8JF2X
Chaussure Originals Blue Haze HI Noir-Blanc V20628 Parent B00U9AOOVM , PLOT❤Clearance Christmas Clothes for Girls Boys Long Sleeve Angel Print Tops+Pants Outfits 1-4T Parent B07HFN3KCV
Kennel + Schmenger Cat Women's Sneakers Grey Parent B079QNH38R , CFP JJ-6211 Womens Latin Tango Cha-cha Ballroom Kitten Heel Peep-toe PU Professional Dance-shoes Parent B017KQXN14 , Bernie Mev Women's Classics Fashion Sneaker Parent B00WDW58CI , Zenzzle Womens Running Shoes Light Blue Rose Flowers Pattern Print on Casual Lightweight Athletic Sneakers Size... Parent B078N93XNY ,
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.