TLDR:
- Senators traded a lot, followed trends earlier
- Outperformed market
- See trades by Feinstein, Loeffler, Roberts and more
- Senators got wealthier in 2020-21 with lots of unusual trading
Some highlights:
- Dianne Feinstein sold $6M of Allogene Therapeutics ( $ALLO) between Jan 31-Feb 18 2020, right before covid.
- Thomas Carper’s wife, a former DuPont executive, bought pandemic beneficiaries like $DIS, $PYPL, $CVS in Mar/April 2020.
- Carper: Apr 2, 2020, bought $DGX who provides COVID-19 testing. Feb 16, 2021, purchased $INTC 8 days before Biden semiconductor executive order!
- Capito: bought $UNH 6 days before $UNH's announced a 13 billion deal with the gov in Jan
I investigated the house after the $WKHS x $OSK fiasco.
Few things: 1) Sen Wyden in $OSK since June (over 200k) 2) Lowenthal sold $RUN right before drops 3) Pelosi bought $AAPL, $TSLA, $DIS, $AMZN leaps before stimulus news released by her office.
The investigation made me add Energy/Transportation House of Reps data:
1) Most members list their "spouse" as issuer 2) Pelosi has sold her $FB 3) Major $SPCE selling 4) Hickenlooper 100k into $LMACU SPAC (hot tip?) 5) Members have been selling out of Chinese $NIO and $BABA
Unfortunately USPS Board of Governors + Postal Regulatory Commission are exempt from financial disclosure.
No one is really doing this type of investigation work except a random whale on the internet who believes in data disparities.
And let me just say, numerous members of congress were caught insider trading based off COVID/vaccine info, and NOTHING HAPPENED.
Nothing.
Now, some person who likely lost their job made $5000 by following whales and they are the bad guy.
The flow will be followed.
Last thing, I promise.
Senators were campaigning against stimulus. Once the market collapsed in March, infinite QE was announced to save large funds/banks. This money was directly injected into these large institutions interest-free.