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Manchin reiterates that he wants infrastructure spending to be paid for

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Comments from the swing Senator

Comments from the swing Senator

Bloomberg reports this comment from Manchin, regarding both infrastructure bills:

“We’ve put enough free money out ” he said, insisting that both need to be fully paid for.

The market is taking a wait-and-see on this front. The base case is that infrastructure is coming. When it does I see a rotation back to reflation trades.

For now though, big tech is roaring with AMZN and MSFT both hitting record highs today.

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