According to the alternative data platform Quiver Quantitative, replicating Nancy Pelosi’s stock trades would have yielded returns exceeding 720% since May 2014.
According to the alternative data platform Quiver Quantitative, replicating Nancy Pelosi’s stock trades would have yielded returns exceeding 720% since May 2014.
Up to 45 days after the trade is made.
While not technically insider trading because they don’t work for the companies they’re trading, they definitely have access to privileged macro economic knowledge
That they can’t really use because they don’tanage their portfolios. What they can do is make policy that benefits them instead of the other way around, that’s why they shouldn’t be allowed to trade stocks.
Now what happens is you say they are inside trading, they say “impossible we don’t manage our stocks” and everyone goes in circle. Stop attacking the part where they are gaming it by managing stocks, and instead focus on them not being allowed to trade in general, for a multitude of reasons.
They a billion percent are doing their own trades if they want. Do you remember Covid? Do you remember how many of our politicians made a mint because they had the inside track?
Why are you assuming they don’t manage their portfolios?
Because Paul Pelosi is a trader.
And Pelosi’s trades are all tech which makes perfect sense because she’s the rep from San Fran. Most of them are long big tech which would have crushed over the past decade or two.