Josef Seibel Women’s Rosalie 15 Gladiator Sandals B01LYRGPGK Parent , HETAO Personality Ladies Barely There Double Strap Buckle Party Sandals Shoes Size Womens Cross Stiletto High... B0795S6G3G Parent
Inuovo ladies 7320 platform sandals B01MTXBUD6 Parent , Fitflop Women’s Luna Pop Slide Open-Toe Sandals B01N6N52NH ParentMephisto Womens Helen Nubuck Sandals B073ZK1RYC ParentThink! Women’s Pomali Wedge Heels Sandals B01M02HRQK Parent
Fly London Celos, Women's Sandals B017IDI7DI Parent , Steve Madden Sandals RACHEL-7000 Black B075NR7YDZ ParentJosef Seibel Women’s Pippa 53 Flat Sandal B076R69KD7 ParentHETAO Personality Womens Summer Peep Toe Strappy Platform Stiletto Ladies High Heel Sandal Shoes Size Girl's Gift B0795Q8TCB Parent
HETAO Personality New Womens Rome Straps Open Toe High Heel Ladies Ankle Strap Platform Chunky Sandals Shoes Size... B0795RY5ZZ Parent , HETAO Personality Womens Sandals Muffled Open Toe Flowers Hollow Ladies High Heel Platform Party Wedding Peep... B0795SFQN7 Parent , HETAO Personality Ladies High Heel Platform Womens Sandals Party Wedding Peep Toe Ankle Strap Wedge Shoes Size... B0795SF9DC Parent , HETAO Personality Ladies Rome Sandals Gold Ankle Strap Slip On Court Shoes Pumps Sandals Sizewomens High Heel... B0795SHLXG ParentHETAO Personality Ladies High Heel Platform Party Wedding Peep Toe Wedge Shoes Size Rhinestones Muffled Open Toe... B0795SNHDD Parent
HETAO Personality Ladies Red Black Muffled Fashion Sexy Fish Mouth High Heel Platform Womens Peep Toe Ankle Strap... B0795SVF8C Parent , HETAO Personality Womens Tassel White Black Sandals Strappy Crossover Party Wedding High Heel Prom Shoes Size... B0795SNJHN Parent , HETAO Personality Women's Bow Tie Beautiful Flowers Open Toe Sandals Lady's Elegant High Heels Shoes Girl's Gift B0795SZWRQ Parent , HETAO Personality Womens Bow Tie Transparent Sandals Rhinestones Muffled Open Toe Flowers Hollow Ladies High Heel... B0795SZWSC Parent
HETAO Personality Womens Straps Water Platform Sandals Strappy Crossover Party Wedding High Heel Prom Shoes Size... B0795T685P Parent , HETAO Personality Womens Peep Toe Ankle Strap Wedge Court Shoes Size Ladies Red Fashion Sexy Fish Mouth High Heel... B0795T685Q Parent
HETAO Personality Womens Ladies Cross Stiletto High Heel Barely There Double Strap Buckle Party Sandals Shoes... B0795TQBSP Parent , HETAO Personality Womens Sandals Rhinestones Muffled Open Toe Flowers Hollow Ladies High Heel Platform Party Wedding... B0795T686L ParentHETAO Personality Womens muffle Thick Bottom Strappy Crossover Party Wedding Prom Ladies High Heel Sandals Shoes... B0795VPT3F Parent
HETAO Personality Womens Ladies Sequins Open Toe High Heel Strappy Crossover Party Wedding Prom Sandals Shoes... B0795TSVGC Parent , TYLS Shoes LWW-Women's Shoes Heels Sandals Solid Color Canvas Hollow Shallow Mouth B0796LTGMS Parent , Women's Ladies Peep Toe Chunky Block Heel High Heel Roman Leather Sandals Shoes Zipper B079FYKMTH Parent , Grunland INES SC3105 Blue Shoes Woman Comfort Plantar Removable Ballet Flats Strap Tear B079KTY8DZ Parent
Art 1252 - SANDALO Da Donna Modello Creta A fasce Con chiusura In Velcro AL Tallone B07BK2WSHT 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.