Angkorly Women's Fashion Shoes Sandals - Ankle Strap - Ruffle - Thong Block High Heel 8.5 cm B07B9K2862 Parent
Raider Chanclas Ipanema Charm V, Unisex Adults' Beach & Pool Beach & Pool Shoes B078213R1L Parent , Mrs Duberess Women's Comfort Slipper, Ladies Summer Slip-ONS Flat Sandals Vintage Summer Sandals Bakcless Slip... B07C2M5B1D Parent , BATA Women’s 764309 Sling Back Sandals B078K59B3P Parent
Jo & Joe Ladies Faux Leather Peep Toe Sling Back T-Bar Flower Fashion Flat Diamante Flip Flop Sandals Size 3-8 B06XFXCGPD Parent , Ladies Northwest Brown Adventure Walking Hook and Loop Sports Sandals Sizes 3 4 5 6 7 8 B071NFDSFH Parent , Ladies Womens Diamante Mesh Crossover Evening Sandals Shoes B071RVQH1J ParentChic Feet Ladies Womens Silver Diamante Low Wedge Heel Dressy Holiday Party Evening Shoes Sandals B00GWTBOQC Parent
Carolbar Women's Elegant Sexy Pointed Toe High Heel Stiletto Dress Sandals B07BGWPK8C Parent , ZOEREA Ladies Sandals Peep Toe T-Strap Bohemia Women Shoe Summer Beach Holiday B07BRDYGPK Parent , APTRO Women's Rhinestone Clip Toe Summer Slipper Sandals B00VHFEL0M Parent , New Look Women’s Fifi 5151793 Open-Toe Sandals B01MYESLPW Parent , Angkorly Women's Fashion Shoes Sandals - Ankle Strap - Gladiator - Jewelry - Flowers - Embroidered Flat Heel 1.5 cm B079Y5GBJK Parent , Loud Look Womens Ladies Ankle Strap Espadrilles Platform Shoes Mid Heel Wedge Sandals Size 3-8 B07F65HT3L Parent
MaxMuxun Womens Flat Glitter Beaded Slider Mules Flip Flops Slipper Sandals B01MT2SV1X Parent , Angkorly Women's Fashion Shoes Sandals - Ankle Strap - Rhinestone - Multi Straps Block High Heel 10 cm B07BLL881W Parent
Absolutely Gorgeous Boutique Womens Ladies Mid Low High Heel Strappy t Bar Party Wedding Prom Sandals Shoes Size B01LWXWB55 Parent , Mee Shoes Women's Charm High Block Heel Zip Platform Sandals B0732G3NT2 Parent , Ladies High Heel Wedge Women Pearl Bow Diamante Espadrilles Platform Ankle Strap Sandals Shoes Size B07DZH93JK Parent
Feet First Fashion Madison Womens High Wedges Heels Platforms T Bar Sandals Ladies Flower Shoes New B07DW48DDK Parent , PAMRAY Sandals Flat Ankle Strap Women Platform Suede Slingback Velcro Peep-Toe Ladies Casual Summer Beach Shoes... B07CQGZJW3 ParentWomens Ladies Strappy Evening Shoes Platform Stiletto Buckled Party Sandals Sizes 3-8 UK B07GC1QK4N ParentSalabobo Womens Sexy Wedding Bride Bridesmaid OL Night Party Work Peep Toe Mid Heel PU Sandals B01JHG6W2C ParentFashion Thirsty Heelberry® Womens Ladies Block High Heels Ankle Strap Barely There Sandals Shoes New Size B07CTLXBKL ParentKick Footwear - Ladies Fashion Summer Casual Sandals Natural Leather Shoes B01EVXOQCE ParentNew Silver Diamante Mid Heel Prom Evening Wedding Shoes Sandals UK 3 4 5 6 7 8 B015N3JVWG Parent
AWESAMA Women Comfort Adjustable Straps Beach Shoes,Dress Sandals,Sports Sandals B07DMB23N3 Parent , Ipanema Women’s Charm Ii T-Bar Sandals B01MFDIXW4 Parent , Crocs Women’s Meleen Twist Sandals B072LNNTC7 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.