Tuesday, April 5, 2016

Nightcap 4-5-16

Stocks were lower today, but oil was higher. Ted Cruz and Bernie Sanders had wins today in Wisconsin. Ted Cruz might be able to force a brokered convention and Bernie sanders is picking up more and more wins. Things are definitely getting interesting the in the presidential campaign. California and New York signed legislation raising the minimum wage eventually to $15. Though some people will get a raise, many more will just be replaced with technology or not get a job in the first place. California is a basket case already. How much more could this hurt? Actually, it might be what pushes the state into insolvency since there will be fewer and fewer workers to tax. Way to go California. Nothing else of major importance happened today. Let’s see if there will be anything interesting tomorrow.

What do you think?