Skechers Womens Go Flex Train - 14823 Parent B06XMX7F9Y , Scennek Sports Shoes Middle-Aged Ladies Lightweight Breathable Running Shoes Warm Casual Shoes Safety Shoes Parent B07GSLK3NZ
Gentlemen/Ladies Live at Newport Parent B00006IJ2J Fine workmanship Clearance Exquisite processing , adidas Cloudfoam Flow W, Women’s Trainers Parent B01B60XWAC , RTRY Women'S Shoes Pu Winter Comfort Fashion Boots Boots Flat Heel Round Toe Bowknot For Casual Blushing Pink... Parent B078C4W487
Xue Qiqi The high-heel shoes Round Head ultra-thin waterproof shoe with a marriage painted leather single shoes... Parent B07D7B86CZ , TuttoDanza Women's Dance Shoes Pink Parent B07C5HHKHG , WAXX Accessories Grey Womens Flip Flops Parent B00YCHVPUQ
Skechers Women’s Ez Flex 3.0 Big Money Fashion Sneaker Parent B01EOQB60I , hunpta Women Bohe Fashion Flat Large Size Casual Sandals Beach Shoes Parent B07B2W5X75 , Shiney New Women's Sneakers Casual Sports Thick Bottom Winter 7cm Heightening Shoes Parent B07J6HLVC2
Man/Woman A.S.98 Women’s Surrey Trainers Parent B0773Y6S5M flagship store Settlement Price King of the crowd , Nine West Women’s Vada Synthetic Sneaker Parent B072Q46RKG , MINITOO Ladies TH052 Ankle Strap Buckle Green Suede Leather Wedding Ballroom Latin Taogo Dance Sandals 2 UK Parent B01NABAIPP , IZHH Women's Breathable Shoes Outdoor Athletic Lightweight Shoes Casual Mesh Walking Shoes Running Sneakers Parent B07HNSDX3Q , RTRY Women'S Sandals Comfort Pu Spring Summer Casual Dress Comfort Flat Heel Black Beige Blue Flat Beige Us5.5... Parent B074CWF334 , MINITOO Ladies TH052 Ankle Strap Buckle Green Suede Leather Wedding Ballroom Latin Taogo Dance Sandals 3 UK Parent B01MZXQJXT , CFP JJ-7002 Womens Latin Tango Cha-cha Ballroom 3.3" Heel Professional Indoor Dance Shoes Parent B0176G9VGY
MINITOO Ladies TH052 Ankle Strap Buckle Green Suede Leather Wedding Ballroom Latin Taogo Dance Sandals 8 UK Parent B01N0JB9BP , Teva Midform Universal Glow Sandals Women Black 2018 Parent B07C6PHWDN , MINITOO Ladies TH052 Ankle Strap Buckle Green Suede Leather Wedding Ballroom Latin Taogo Dance Sandals 4.5 UK Parent B01N7AOMWG , Skechers womens Bobs Phresher - Home Stretch Parent B072Q2RZXS , Minitoo Ladies TH052 Ankle Strap Buckle Suede Leather Wedding Ballroom Latin Taogo Dance Sandals Parent B01NABK29N , MINITOO Ladies TH052 Ankle Strap Buckle Green Suede Leather Wedding Ballroom Latin Taogo Dance Sandals 7.5 UK Parent B01N699ZI0 , RTRY Women'S Sandal Comfort Summer Pu Casual Almond Black Flat Parent B075MCCPJ9
adidas Women’s Zx Flux B35317 Trainers Parent B00TKCK842 , Mr/Ms Pataugas Jester, Women’s Low Parent B071GZ3RR4 New market Let our products go to the world Lightweight shoes , MINITOO Ladies TH052 Ankle Strap Buckle Green Suede Leather Wedding Ballroom Latin Taogo Dance Sandals 5 UK Parent B01MRPVO2QHuaishu Women's Embroidered Non-slip Comfortable Shoes New Ethnic Style Stiletto Shoes Spring Autumn Winter Single... Parent B07FM8K7HB
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.