Cucu Fashion Womens Ladies High Wedge Heel Pumps Slip On Platform Shoes Size UK 3-8 B07BN3QSKY Parent , Xianshu Women's Wedge Heel Sandals Platform Clip Toe Buckle Shoes Summer Beach Roman High Heel Shoes B07CKR75DV ParentSonnena Womens Sandals, Fashion Women Ladies Sandals Ankle High Heels Block Party Open Toe Shoes B07BR4W198 Parent
Amlaiworld Women Sandals Women Flat Shoes Bead Bohemia Lady Slippe Sandals Peep-Toe Outdoor Shoes Slipper B07D7TFM66 Parent , Bellelove Woman Summer Fashion Shoes,New Casual Solid Hollow Out Shoes Round Toe Platform Shoes Flat Heel Slip... B07C4C42NZ Parent
Hibote Womens Strap Up Ankle Tie Ladies Sandals Ankle High Chunky Heels Party Open Toe Shoes B07BMV2MY2 Parent , Juleya Womens High Heeled Sandals Ankle Strappy Shoes Elegant Spring Summer Open Toe Stiletto Heels Sandals Bukle... B07CJQ33K6 Parent , Momola Bling Bling Women's Flip-Flops Flat Shoes Bead Bohemia Lady Slipper Sandals With Elastic Ankle Strap Crystal... B07BFY1ZSD Parent
Luoluoluo Keen Sandals Women, Women's Flat Sandals Bandages Bohemian Casual Ladies Sandals Peep Toe Outdoor Shoes B07CLM8LCY Parent , Topcloud beach sandal mesh design hole breathable anti slip for men women couple shoes B07C2W3K99 ParentFashion Shoes, Janly® Woman Bling Platform Gladiator Shoes Slippers Girls Summer Casual Flip Flops Sandals B07CP6NWFB Parent
HLHN Women Sandals,Roman Ankle Buckle Strap Hollow Flat Heel Open-Toe Shoes Casual Vintage Beach B07CTRL7YR Parent , Womens Sandals Jamicy Ladies Girls Sequins Flat Sandals Summer Anti Skidding Beach Casual Sandals Shoes B07CM9GFTW ParentHLHN Women Sandals,Roman Gladiator Ankle Strap Flat Heel Flip Flops Open-Toe Shoes Casual Vintage Lady B07CZ8DTCY Parent
LvRaoo Ladies Slingback Platform Roman Sandals with Velcro Strap Peep Toe Summer Beach Shoes B07D6NFQVP Parent , HeelzSoHigh Ladies Silver Open Toe Summer Sandals Flip-Flop Holiday Walking Shoes Sizes 3-8 B07D2M2P85 Parent , HLHN Women Sandals,Roman Gladiator Ankle Strap Flat Heel Flip Flops Open-Toe Thong Shoes Casual Vintage Lady B07CVC48BQ Parent , Women Summer Slip On Shoes Peep-Toe Flat Shoes Roman Sandals Mujer Sandalias Ladies Flip Flops Sandal B07D6N4Z6D ParentMomola Back Zipper Design Rome Strappy Gladiator Low Women's Flat Flip Flops Beach Sandals Summer Casual Shoes B07CZL18KW ParentYying Womens Peep Toe Sandals Fashion Rivet Flats Shoes Vintage Roman Gladiator Sandals Spring Summer Slingback... B07D785NY1 Parent
Sandals, Woman Fashion Fashion Summer Single Shoes Laides Peep Toe Wedges Cross Tied Sandals B07D4FK371 Parent , Wedge Sandals Women Jamicy Ladies Summer Suede Leather Peep Toe Thick Bottom Platform High Heel Slippers Shoes B07D7DBMW1 ParentLHWY Shoes Sandals with Arch Support for Women Fish Mouth Open Toe Platform High Heels Wedge Buckle Slope Elegant B07DFDVXXG ParentWomens Sandals, SHOBDW Women Summer Sandals Cozy Fashion Shake Soft Thick Bottom High Heel Wedges Beach Pregnant... B07DFLPM3K ParentCayuan Womens PU Leather Strap Flat Sandals Cork Flat Peep Toe Flip Flop Shoes with Metallic Buckle Summer Casual B07DGTM6QC Parent
Womens Sandals, SHOBDW Ladies Girls Fashion Roman Espadrille Tie up Flip Flops Sandals Platform Flat Wedge Summer... B07DFMF6M9 Parent , Hibasing Men Women Sandals Unisex Classic Casual Sport Flip Flops Couple Beach Hollow Holes Shoes B07FFNRXM9 ParentHeelzSoHigh Ladies Flat Black Slip-On Diamante Twist Sandals Flip-Flops Slider Mules Shoes Sizes 3-8 B07FYLDBH4 Parent
ESSEX GLAM Ladies Womens Flat Sliders Studded Slip On Mule Summer Hoilday Sandals Shoes Sz B07FJR113Y 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.