TAOFFEN Women Stylish Heels Sandals Slingback B07DQGLHM2 Parent
SHU CRAZY Womens Ladies Metallic Sling-Back Mid Block Heel Fashion Summer Sandals Shoes - N42 B07C8BRJKB Parent , Cotton Traders Leather Sandals Womens Ladies Slip On E Fit Summer Shoes Black 7UK B01A8HGHT2 ParentDolce Vita Women’s Henlee Slide Sandal B07B24CL8Z ParentQIMAOO Womens Strappy Sandals Low Block Heel Buckle Ankle Strap Peep Toe Pumps Summer Sandal Ladies Shoes for... B07DG2SWWJ ParentAngkorly Women's Fashion Shoes Sandals Mules - Slip-On Block High Heel 4 cm B079K2H5F6 ParentDr Keller Womens Beige Casual Wedge Sandal B07BBRVP2X Parent
Ajvani Womens Ladies mid Low Heel Wedge Peeptoe Cut Out Diamante Mules Sandals Shoes Size B013VC3DAW Parent , Miss Floral® Women's Transparent High Heel Peep Toe Sandals UK Size 3.5 - 7.5 B076119XMR Parent , Ladies Diamante Low Heel Evening Shoes Ankle Strap Party Sandals,Gold Silver Bronze B07B7C77B5 Parent
Boulevard Helen Elasticated Multi Jewel Trim Toe Post Summer Sandals B07BQT54R9 Parent , SPEEDEVE Women's Buckle Thick Bottom Sandals, Ladies Wedges Platform Open Toe Sandals Female Summer Shoes B06XSVLP5T Parent , Traditional Embroidery Flats Single Shoes Fashion Retro Woman Linen Embroidered Shoes Chinese Straw Bottom Shoes... B073XJTV4J Parent , Angkorly Women's Fashion Shoes Sandals - Platform - Thong - Multi Straps - Buckle Block High Heel 12 cm B06WWNYMSR ParentWomens Ladies Sports Sandals PDQ Triple Velcro Cushioned Hiking Trail Shoes 3-8 B01BA25YYS ParentSkechers Sandals and Slippers for Women, Colour White, Brand, Model Sandals and Slippers for Women Meditation... B07572P2XR Parent
QUINTRA Fashion Women Sandals Summer Bohemia Shoes Wedges Girl Bead Middle Heel Sandals B07DTFV1HJ Parent , MaxMuxun Ladies Peep Toe Ankle Strap Heels Metallic Ring Wedge Summer Sandals B06XKQH2Q1 Parent
Angkorly Women's Fashion Shoes Sandals Mules - t-Bar - Platform - Flowers - Multi Straps Wedge Platform 11.5 cm B06XYF9CPT Parent , Cucu Fashion Brand New Womens Ladies Court Pumps Triple Strap Buckle Back Zip Sandals Mid High Block Heel Shoes... B06XGCHJJ6 Parent
Heavenly Feet Lilley White Sandals B01MS6GY5N Parent , Loud Look Womens Ladies Elastic Strap Hessian Espadrilles Platform Shoes Wedge Sandal Size 3-8 B07D3DRF5Y Parent , Carolbar Women's Chic Stiletto Custom Evening Sandals B07D3KDZYF Parent , Womens Ladies Semi Formal Crossover Strap Backstrap Evening Wedge Comfort Everyday Sandals B07GBZHB5R Parent , BELLOO Women's Summer Boho Flat Sandals Peep-Toe Flip Flops Rhinestone Beaded Shoes with Ankle-Strap B07C2RZM29 Parent , Aisun Women's Fashion Rhinestone Kitten Heels Mule Sandals B0716F8G4N Parent , Fashion Thirsty Heelberry® Womens Ladies High Heels Sandals Hologram Perspex Clear Block Heel Party Shoes B07DX4NB9H ParentWomens Ladies Evening Shoes Kitten Heel Open Toe Buckled Everyday Casual Comfortable Sandals (Gold, Black, Silver... B07GBTRG34 ParentCFP YSE-105-1RB Womens Cozy Breathable Street Vogue Daily Lissom Crafted Pump Elegant Charming Sandals Mid Kitten... B071RC7MFL 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.