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.