patrick.net

Several establishment members of Congress were among the top lawmakers to successfully trade stocks in 2023, a report by Unusual Whales found Tuesday.

The findings raise concerns that many members of Congress trade stocks based on information unavailable to the public.

Some of the most notable establishment members to beat the market were:

Rep. Dan Crenshaw (R-TX) — up 38.2 percent
Rep. Nancy Pelosi (D-CA) — up 65.5 percent
Sen. Mitch McConnell (R-KY) — up 18.1 percent
Rep. Dan Goldman (D-NY) — up 52.8 percent
Rep. John Curtis (R-UT) — up 25.3 percent
The top trader in Congress was Rep. Brian Higgins (D-NY) from the Buffalo area. Higgins was first elected in 2005 and sits on the House Committees on the Budget and Ways and Means.

Rep. Brian Higgins (D-NY) — up 238.9 percent
S&P Index was only up about 24 percent

... Congressional Democrats’ stock returns beat the S&P 500 by seven points in 2023, the report found:

Democrats up seven points (31 percent up).
Republicans did not beat the S&P, falling short by 6 points (18 percent up).
Beating the S&P is very difficult for stock traders due to the challenge of regularly identifying stocks that will gain more than the S&P...

“The Unusual Whales Democratic ETF, which trades under the symbol ‘NANC’ in a nod to former House Speaker Nancy Pelosi, has surged 30% since its launch on February 7, 2023.

“That compares to a gain of 24% for the S&P 500 over the same time period.”

Investopedia explains what an “ETF” is.

The outlet reports:

An exchange-traded fund (ETF) is a basket of securities that trades on an exchange just like a stock does.

ETF share prices fluctuate all day as the ETF is bought and sold; this is different from mutual funds, which only trade once a day after the market closes.

Business Insider reports that the particular ETF referred to above – the one that trades under NANC – “tracks the trades of Democrats in Congress and their spouses.”

Patrick says

One could build a stock growth fund that watches and buys whatever stocks these folks buy.

Pelosi’s Husband Dumps $500k in Visa Stock Right before DOJ Announces Massive Lawsuit

Rep. Nancy Pelosi (D-CA) and her husband Paul have apparently channeled their unprecedented “good luck” and somehow managed to accurately “predict” that Visa’s share prices would plummet.

Over the years, Pelosi and her husband have made millions off of the stock market.

Paul Pelosi is so successful as a market trader that his apparent crystal ball-like ability to predict the markets far outpaces even Wall Street’s finest. ...

The Pelosis have an estimated net worth of more than $230 million.

As Speaker of the House, Nancy Pelosi earned $223,500 annually and now earns $174,000 a year as a member of Congress.

Pelosi’s Husband Dumps $500k in Visa Stock Right before DOJ Announces Massive Lawsuit

Patrick says

Pelosi’s Husband Dumps $500k in Visa Stock Right before DOJ Announces Massive Lawsuit

Insider trading by members of Congress is SPECIFICLLY PERMITTED. The only one that could be prosecuted is the DOJ person that leaked the upcoming lawsuit.