A. A million bucks a day.
Unreal.
— Quiver Quantitative (@QuiverQuant) May 7, 2024
We now estimate that Nancy Pelosi has made $7.01M in the stock market in the last week.
This is the largest weekly gain we have seen from any politician since we released our net worth dashboard.
A million dollars a day: pic.twitter.com/vbmQc0NURs
Free and Fair Markets
— Stephanie 🇬🇧🇺🇸🦍 (@stephmase22) May 7, 2024
Can not exist when you have Politicians participating in insider trading. Here is a list of corruption. The salary for Congress is 174k per year. But these guys make Millions 🤔 This is why they don't want to help clean up the Stock Market. But we need to… pic.twitter.com/T1PVUTb1zD
A significant portion of Congress has been actively engaged in stock trading, with more than 100 members executing over 10,000 trades annually since 2021. These members of Congress have demonstrated a remarkable ability to outperform the market, a feat that has left many speculating about their methods.
The stocks most commonly traded by these representatives and senators are household names, such as Microsoft, Apple, and Alphabet. This indicates a preference for investing in well-established companies with a proven track record of success.
Inside knowledge?
However, it is not just the choice of stocks that has raised eyebrows. Some members have made trades that appear to be directly related to legislation they work on or companies and sectors they oversee through their committee assignments. This has led to concerns about conflicts of interest and potential insider trading.
For instance, Nvidia was a stock of interest for several members, including former House Speaker Nancy Pelosi, during the negotiations and voting on the CHIPS and Science Act. In early 2023, other members made well-timed trades involving distressed banks and their rescuers. Senator Tommy Tuberville of Alabama even traded corn futures while serving on the Agriculture Committee.
To delve deeper into the stock trading activities of Congress members, including the most active traders and those with the highest returns, click below for more information, which has been taken from UnusualWhales.com, a payment wall site.
https://www.fool.com/research/congressional-stock-trading-who-trades-and-makes-the-most