BTBTAV Summer Sandals Women'S Shoes Women'S Fine With Sandals Eu 39 Beige B07DLSQ4FP Parent , BTBTAV Flat Base Clamp And Sandals Women Shoes New Slotted Tie Sandals Eu 37 Black B07DLTKVS7 Parent
YXLONG New High-heeled Shoes For Spring And Summer European And American Gold-silver-colored Sandals With Open-toed... B07DLVFK94 Parent , BTBTAV Clip-Water Drilling Sandals Women Shoes Elastic Band Girl Beach Shoes Eu 37 Gold B07DLVJBDQ Parent
BTBTAV Summer Sandals Thick Wild Women Shoes Eu 36 Beige B07DLVNTQ8 Parent , BTBTAV Women'S Shoes In The Summer Of 2018 And The High-Heeled Slotted Tie Sandals Eu 35 B07DLW249W Parent
BTBTAV The New Beach Sandals Beach Shoes Strap Sandals Fashion Sandals Eu 39 Black B07DLWG3Y2 Parent , YXLONG Summer New Pointed With A Single Shoes Hollow Sandals Female Buckle Belt Hollow Shoes B07DLWTBKY ParentYXLONG Mesh Fish Mouth Sandals Coarse With Sandals Ladies Hollow Net Boots Sequins Flowers Women's Shoes On Behalf... B07DLXYSQZ ParentTip Fine With High Heels And Versatile Light-Straps, With Women'S Shoes Sandals Female B07DMMHQ9J ParentAngrousobiu Fish Mouth Sandals Summer Fine With Wild, With A Single High-Heeled Shoes, Women'S Shoes B07DMMW1R3 ParentAngrousobiu Sandals Female Summer Wild Flat-Bottomed Shoes Female Students Shoes Sponge Cake Thick Roman Shoes... B07DMNCZRH Parent
Angrousobiu Summer Sandals Female Sponge Cake Thick Shoes Women Shoes Wild Flowers Shoes Beach Shoes B07DMTYJ3T Parent , Angrousobiu Summer Leather Sandals Women Flat Base With Water In The Wild Casual Shoes Sponge Cake Thick Dew-Toe... B07DMV918J ParentAngrousobiu Sandals Female Summer Coarse And, Like President Shoes Dew-Fish Nose Clip High-Heel Shoes Roman Women... B07DMVBVB3 Parent
Angrousobiu Thick Sandals Female Summer Wild Sponge Cake Base To Increase Student High-Heel Shoes Women Shoes B07DMVC5FT Parent , Angrousobiu Summer Sandals Strap Light Nozzle Tip Women'S Shoes, As Thick As A Single High-Heel Shoes B07DMVJ9KY Parent , Summer Sandals Women Flat-Bottomed Non-Slip Flat With Velcro Fastener And Versatile Lounge Terrace And Student... B07DMVWVG9 Parent
The Girl In The Summer Sandals With Thick With Minimalist And Versatile High-Heel Women Shoes Dew-Students B07DMWJRXN Parent , Womens Ladies Roman Shoes Block Heel Zipper Boot Open Toe Gladiator Shoes Pumps Sandals B07DN4CPFT Parent
Womens Open Toe Strappy Rhinestone Block Ladies High Heel Ankle Strap Sandals Shoes Size B07DN4T941 Parent , Women's Cloth Shoes Net Shoes Summer Flat Heel Breathable Sandals Ladies Hole Shoes Mesh Mom Leisure Travel Outdoor... B07DN9PCQ5 ParentVelcro Summer Flat Sandals Women Flat With Leather Comfortable And Versatile Casual Shoes Female Students. B07DNGWY6T Parent
GTVERNH Summer Water Drill Slope Heel Sandals Toes Women'S Shoes. B07DNHCJ41 Parent , Women's Hole Shoes Mesh Casual 2018 New Net Shoes National Wind Breathable Sandals Flat Middle-aged Elderly Mother's... B07DNCPTWK ParentYLLXZ Women's shoes sandals flip-flop Spring and summer Cowhide Soft bottom flip-flops Silver flat Outdoor shoes... B07DNM9M77 Parent
YLLXZ Women's shoes sandals flip-flop Spring and summer Soft bottom flip flops white flat Outdoor shoes Beach... B07DNML1HS Parent , YLLXZ Women's shoes sandals flip-flop Spring and summer Cowhide Soft bottom flip-flops Floral flat Outdoor shoes... B07DNNC2K4 Parent , YMFIE Ladies summer fashion casual bandage flat bottom toe toe sandals beach shoes. B07DNXLVGD 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.