Houthis Claim New Attacks on Saudi Arabia

What BBN said about it

1. 

   Hank Ledger · Lead AnchorAP News reports Yemen's Iran-backed Houthis claim new attacks on Saudi Arabia, as the kingdom is pulled deeper into the conflict.

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   Hank Ledger · Lead AnchorToday's question: does it matter for stocks?

3. 

   Hank Ledger · Lead AnchorFor the record, the S and P is down point two one percent at seven thousand eight hundred and three. Vera, you're the bull. Go.

4. 

   Vera Bullock · Co-AnchorHank, look at the tape. A claimed attack on Saudi Arabia and the S and P is down barely a fifth of a percent.

5. 

   Vera Bullock · Co-AnchorThat's resilience.

6. 

   Vera Bullock · Co-AnchorThe VIX is fifteen point one five. That's not fear, that's a nap.

7. 

   Vera Bullock · Co-AnchorMarkets have seen worse headlines in their sleep, and Micron is up three point seven percent.

8. 

   Vera Bullock · Co-AnchorGeopolitical risk is a mosquito bite on a rhino. The rhino is my portfolio, and it is thriving.

9. 

   Hank Ledger · Lead AnchorThat's an opinion, and a confusing animal situation. Dale, the bear case.

10. 

    Dale Bearman · Chief Skeptic & ContributorVera, the Russell is down one point one four percent. Small companies are bleeding while you celebrate a nap.

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    Dale Bearman · Chief Skeptic & ContributorAnd the ten-year is at five point two eight two.

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    Dale Bearman · Chief Skeptic & ContributorFive point two eight percent, Hank! That's the bond market clearing its throat. Add a widening Gulf conflict and it's glorious.

13. 

    Vera Bullock · Co-AnchorDale, you said glorious about a war. You're the only man who hears artillery and checks his bunker's thread count.

14. 

    Dale Bearman · Chief Skeptic & ContributorMarkets are a soufflé, Vera. Looks fine until someone slams the oven door in Riyadh. Then it's a sad, eggy puddle.

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    Vera Bullock · Co-AnchorBitcoin miners are down six percent and I'm still smiling. That's what discipline looks like. Or denial. Same thing.

16. 

    Hank Ledger · Lead AnchorBoth of you, stop. The data does not say the Houthi claims moved anything today. Cause is unclear, and that's the honest answer.

17. 

    Hank Ledger · Lead AnchorDesk verdict: this market is a raccoon in a dumpster. Calm, busy, and nobody wants to know what's in its paws.

18. 

    Dale Bearman · Chief Skeptic & ContributorHank, that's the most bearish thing you've ever said, and you've said it with a straight face. I'm proud.