Clarks Women's Rosepoint Bud Bootie B00ASHVVVM Parent , ZQ@QXEurope and the United States pointed shoes code fringe boot heels thick boots B07845ZW4Z ParentShoe Closet Grey Over the Knee Boots Stretch Faux Suede High Heels Block Heel Shoes B01N6O3B46 Parent
ZQ@QX Autumn and Winter Round Head waterproof Taiwan thick with high-heeled shoes and versatile bare boots fashion... B078DMPMD4 Parent , ZQ@QX The head of the autumn and winter fashion to increase the flow of water drill boots side zipper short barrel... B07863FS7R Parent , ZQ@QX Autumn and Winter Round Head waterproof Taiwan thick with high-heeled shoes Stylish and Versatile students... B078G5QSVT Parent
Cool Boots Pump 10cm Scarpin Peep Toe Suede High Heels Dress Shoes Wedding Shoes Women Handsome Pure Color Classic... B075STF8T1 Parent , Skechers Womens BOBS Boots High Peaks Casual Suede Ankle Wedges B07BFFNMGX Parent
Hi-Tec Ladies Womens New Leather Suede Waterproof Hiking Ankle Boots Shoe Size B01NCJZJJJ Parent , YE Women's Over The Knee High Heel Tall Stretch Red Sole Dress Boots with Zip Elegant Stiletto Shoes B01M1SOSIA Parent , J.K.ACID Women’s Shoes with Strap B071F8NYPX Parent
CHAOYANGLeather short boots with flat fall/winter women boots high boots women's shoes platform high boots women's... B01M6A6QU9 Parent , Women Non-slip Mid-Calf Flat Low Rain Boots Waterproof PVC Ankle Boots Rubber Rain Shoe Flat Boots B0792Q2L3G ParentLadies Khaki Green Faux Suede Over the Knee Boots Block High Heel Shoes B01N6QSVY9 Parent
ZQ@QX Autumn and Winter Round Head waterproof Taiwan thick with high-heeled shoes sleek and versatile students... B078G5FDQT Parent , Ladies Grey Faux Suede Over the Knee Boots Block High Heel Shoes B01N9RCRAQ Parent , New Balance - Womens Fresh Foam BW2100V1 Boot Shoes B01N7LX59M ParentSPYLOVEBUY DRAGOON Women's Synthetic Furry Hairy Block Heel Ankle Boots Shoes B01NH0AJUA Parent
Shoe Closet Ladies Black Thigh High Over the Knee Stretch High Heels Heeled Boots B06WRP4BQW Parent , Padders Women's Plus Microsuede Boot 'Hush' | Plus+ Range For Extra Width & Comfort | Extra Wide EE Fit | 30mm... B06XJRR2XB Parent , Europe and the United States buckle non-slip women's rain shoes B0727P4JRH Parent , Fashion Slim Long Sleeve Anti - slip Water Shoes Women 's Rain Boots B072L22XS5 Parent , NINGUTA suede high heel ankle boots women autumn shoes woman (37EU, beige) B073CPSB6P Parent , NINGUTA suede high heel ankle boots women autumn shoes woman (36EU, black) B073CPCJW9 Parent , NINGUTA suede high heel ankle boots women autumn shoes woman (37EU, brown) B073CQ1Y83 Parent
NINGUTA suede high heel ankle boots women autumn shoes woman (40EU, black) B073CQ1CFD Parent , NINGUTA suede high heel ankle boots women autumn shoes woman (38EU, beige) B073CQZ5W6 Parent , NINGUTA suede high heel ankle boots women autumn shoes woman (39EU, brown) B073CQ7Q6H Parent , NINGUTA suede high heel ankle boots women autumn shoes woman (40EU, beige) B073CR3YS4 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.