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It's In the News Today

mfwRIigtlyO9sx3N_FMeNLAI read today where fast food workers from dozens of countries, including the United States, have announced plans for a one-day strike to take place on May 15th. The date mirrors the $15 per hour pay that workers are demanding. The current minimum wage is $7.25 per hour though Congress is now entertaining legislation to raise the minimum wage to $10.10 per hour.

In unrelated news, the buttons on men's and women’s jeans across America are planning a celebration for that same day.

In The News: Ukraine

mukraine

 

Q: So what to make of the situation in Ukraine?

A: In a word: Uncertainty

As we know, uncertainty is not the friend of the market. However, geopolitical instability in Europe and Asia is not uncommon – nor is this the market’s first saber-rattling stand-off. But when Russia’s involved, it’s easy to harken back to 1968 when Russia didn’t care for the pro-democracy rallies in Prague which lead them westward to “protect their interests.” And now, 45 years later, or so, we see unidentified troops  - though the world knows them to be Russian – surrounding key military and government installations in Crimea, the southern peninsula of Ukraine.

Is it a prelude to an armed conflict?  Hopefully not. Is it more of a geopolitical risk than an economic one? Too soon to tell in my opinion.  For now, let’s call it another degree of uncertainty for the market to absorb.   It’s not the first in 2014, and it likely won’t be the last.

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