Sigma Signals

Week of April 3, 2023

Joe Manchin D – West Virginia wrote an op-Ed in the Wall Street Journal last week highlighting the contortions that bureaucrats in Washington were exercising in implementing the Inflation Reduction Act, for which Manchin played a pivotal role in shaping and getting its passage. His criticism was pointed and may give momentum to a bipartisan consensus aimed at reversing deficit spending and burgeoning federal debt. This would have huge positive repercussions should his “man-bites-dog” effort prove fruitful.

Bob Bilkie, CFA