Wisconsin Dem Primary: Crowley Defeats Hong

What happened: Wisconsin's Democratic gubernatorial primary saw an upset on Tuesday, with Milwaukee County Executive David Crowley narrowly defeating state Rep. Francesca Hong. Despite Hong being favored to win by around 20 percentage points in pre-election polls, she lost by less than 1 percentage point. Experts are questioning why polls were so inaccurate.

Market impact: This upset may have implications for progressive candidates and the Democratic Party's strategy in the upcoming midterm elections. It could signal a shift towards more moderate candidates, potentially impacting fundraising and support from party leadership.

What to watch next: The Wisconsin Democratic Party's endorsement process (May 21) and Crowley's performance in the general election (November 8) will determine if this upset is an isolated incident or a sign of broader trends in Democratic politics.