ShangYi Women's Shoes Heel Heels / Peep Toe Sandals / Heels Outdoor / Dress / Casual White / Silver / Gold/789 Parent B01FZJIO1W , Nero Giardini Sneaker Women Grey a616182d-105 – Black Gardens Parent B01M08PMH5 , Zenzzle Colored Triangle Print on Women's Running Shoes Casual Lightweight Athletic Sneakers US Size 6-15 Parent B0785ZRDQVPuma Unisex Adults' Basket Classic Weatherproof Low-Top Sneakers Parent B0767KR9RP
Reebok Classic Face Womens Trainers Parent B01LVVJQLS , NIKE Women's W Air Huarache Run Ultra, LT Orewood Brown/Siren RED-SAIL Parent B071F88PJN , Ladies Black Graphite Glitter Character Stage Showtime Dance Shoes 2" Heel By Katz Dancewear Parent B017M772X6
Diamant Women’s 109-087-379 Damen Tanzschuhe-Standard & Latein Ballroom Dance Shoes Parent B00I2YJNMC , Zenzzle Pink Strawberry Pattern Women's Running Shoes Casual Lightweight Athletic Sneakers US Size 6-15 Parent B07861DMKV
ZH Winter Cartoon Big Toe Warm Slippers Creative All Inclusive with Cotton Slippers,A,All code Parent B078K1R14J , MGM-Joymod Women's Ankle Strap Peep Toe Rhinestones Satin Salsa Tango Samba Rumba Ballroom Latin Modern Dance... Parent B07FJ6X3FK
ZHZNVX Women's Shoes Canvas Spring & Summer Comfort Sneakers Flat Heel Round Toe White/Black / Purple Parent B07H1DJTSQ , YFF Latin Dance Shoes High Heel for Ladies Girls Ballroom Tango Shoes 7CM Parent B075PCQ5PP
NGRDX&G The Network Of Women Sports Shoes, Shoe Breathable Parent B07DDK7N8G , Janly® Fashion Shoes, Womans Vintage Floral Embroidery Sandals Summer Shoes Girls Super High Heel Wedges Rome... Parent B07CJN1Z82Kuako Men Women Running Shoes Air Trainers Fitness Casual Sports Walk Gym Jogging Athletic Sneakers Parent B07DQHY37P
Zenzzle Womens Running Shoes Dark Colored Abstract Pattern Print on for Ladies Outdoor Running Sneakers Parent B07CQZP5TR , Skechers Womens/Ladies SK23322 Microburst Under Wraps Sports Shoes/Trainers Parent B07CHXY5DY , Zenzzle Floral with Strawberry Pattern Women's Running Shoes Casual Lightweight Athletic Sneakers US Size 6-15 Parent B0785XZF7M , New Balance 713 Graphic Trainer, Women’s Fitness Shoes Parent B01N7ZAJ11 , Sneaker Women's Converse All Star Chuck Taylor Hi Trainers White White White Size: 3 UK Parent B07B3YQF42
Sneaker Women's Trainers White White Parent B07B3ZCLQV , New Balance WL554 WL554BP Navy/Violet/White (3.5 UK) Parent B01LZD7L5MSuetar Women's Outdoor Sport Shoes Ladies Fashion Trekking Shoes All Season Lightweight and Non-Slip Outdoor Shoes Parent B07B9X5S7H
Sneakers Women Jamicy Fashion Breathable Comfortable Athletic Sport Shoes Sneakers Running Shoes Parent B07FMM8WYR , SHINIK Swimming Shoes New Sports Outdoor Non-slip Sandals Ultralight Barefoot Stickers Skin Soft Sneakers Parent B07CVNR1HY , CFP JJ-6123 Womens Latin Tango Cha-cha Ballroom Party Comfort 3" Mid Heel Professional Satin Dance Shoes Parent B016Y2XXUQ , Palladium Women’s Pampa Flo F Hi-Top Trainers, Red Parent B01I3H2KKEBOZEVON Women's Ladies Sequin Round Toe Ballroom Latin Tango Dance Pumps Shoes Parent B07C8KSN62
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.