I read an article some months back about a pizzeria in one of the states with the $15 min wage. The prices were absurd. It might have been $35-40 for a large pizza. Sales plunged and yet the guy had no option to cut prices as he had a large increase in fixed costs. OTOH, one of the national chains with massive scalability will be able to offset that large increase in labor costs and yet again the smaller, independent operator will be forced out of business.
Russell 2000 now up 19.57% from the Feb 11 lows. Bear market action with a consortium of panicked CBer's...hence these charts are getting more and more erratic.
1900s will be seen later this month, count on it megaphone tops on all the indices, all the retail investors are trapped and the rug is about to be pulled
Monthly OPEX week anyway - waste of time for most people IMO. BTW: For those of you who've been slacking off on your taxes, you get the whole weekend to do it this year.