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Houthis Strike Saudi Arabia as Bank Earnings Loom
The biggest story over the weekend (in my opinion) was the Houthi missile strikes on a Saudi airport, which canceled more than a thousand flights, killed 13 people, and injured over 400. This is the kind of attack that the entire world condemns, and it matters to markets because it likely pulls the United States in deeper given our strategic partnership with Saudi Arabia. Oil is back above $104 on the news, and I would expect a small bounce in defense names today.
The 2nd most important story is bank earnings, which kick off Tuesday with JPMorgan, Citi, Wells Fargo, Goldman, Bank of America…
The skinny
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