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What is one to infer from these? That congresspeople, like others that are afforded the right, also execute trades?

reallydontask 4y ago
The inference is that they use insider information
passwordoops 4y ago
That congresspeople use insider information gained from sitting on various committees to execute suspiciously-timed trades [1], such as: -heavy buying of semiconductors in the lead up to passage of the CHIPS act -mass sell-off by members and their families within the day of the first briefing on the coming COVID policy mandates -purchase of defense stocks by members who were briefed on the Russian invasion of Ukraine. One member was particularly brazen, purchasing Lockheed Martin a day before the invasion, then tweeting "War can be profitable" in an attempted swipe at media [2] -regular returns exceeding 100% on companies that directly stand to benefit from policy decisions made by Congress people, on purchases usually executed shortly before public policy votes are held This is not normal [1] https://unusualwhales.com/politics/article/conflicts https://unusualwhales.com/politics/article/conflicts [2] https://www.newsweek.com/marjorie-taylor-greene-bought-defense-stock-day-before-slamming-profitable-war-ukraine-russia-1685780 https://www.newsweek.com/marjorie-taylor-greene-bought-defen...
- uejfiweun 4y ago
  Is this data immediately accessible? What's to stop me from just following this data and copying their trades 1:1?
  - passwordoops 4y ago
    Public officials in the US need to file their financial activities within a certain time limit, and and this is accessible to anyone with a Bloomberg Terminal. Usually by the time this info is made public the best profits would already have been made. There are also plenty of examples of members not filing at all. Of course nothing happens to them... This was a bit of a scandal when Pelosi's activities became a bit too obvious (e.g [1] - and I'm not saying this is just a Democrat issue, they all do it), but the furor very quickly died down after democracy came under threat during the midterms because the other party are neo-fascists or communists, depending on which billionaire-owned news source you follow. [1] https://www.cnbc.com/2022/02/09/congress-moves-towards-banning-members-from-trading-stocks.html https://www.cnbc.com/2022/02/09/congress-moves-towards-banni...

The inference is that they use insider information

That congresspeople use insider information gained from sitting on various committees to execute suspiciously-timed trades [1], such as: -heavy buying of semiconductors in the lead up to passage of the CHIPS act -mass sell-off by members and their families within the day of the first briefing on the coming COVID policy mandates -purchase of defense stocks by members who were briefed on the Russian invasion of Ukraine. One member was particularly brazen, purchasing Lockheed Martin a day before the invasion, then tweeting "War can be profitable" in an attempted swipe at media [2] -regular returns exceeding 100% on companies that directly stand to benefit from policy decisions made by Congress people, on purchases usually executed shortly before public policy votes are held This is not normal [1] https://unusualwhales.com/politics/article/conflicts https://unusualwhales.com/politics/article/conflicts [2] https://www.newsweek.com/marjorie-taylor-greene-bought-defense-stock-day-before-slamming-profitable-war-ukraine-russia-1685780 https://www.newsweek.com/marjorie-taylor-greene-bought-defen...

uejfiweun 4y ago
Is this data immediately accessible? What's to stop me from just following this data and copying their trades 1:1?
- passwordoops 4y ago
  Public officials in the US need to file their financial activities within a certain time limit, and and this is accessible to anyone with a Bloomberg Terminal. Usually by the time this info is made public the best profits would already have been made. There are also plenty of examples of members not filing at all. Of course nothing happens to them... This was a bit of a scandal when Pelosi's activities became a bit too obvious (e.g [1] - and I'm not saying this is just a Democrat issue, they all do it), but the furor very quickly died down after democracy came under threat during the midterms because the other party are neo-fascists or communists, depending on which billionaire-owned news source you follow. [1] https://www.cnbc.com/2022/02/09/congress-moves-towards-banning-members-from-trading-stocks.html https://www.cnbc.com/2022/02/09/congress-moves-towards-banni...