Two days ago the NYT posted an investigation into politicians trading stocks

They found that 81 Democrats & 101 Republicans filed up to 3,700 trades and $100M in possible volume

Many had 100% winners, with some perfectly timed

Here’s examples of just how good they were
First, of those 182 politicians, 90+ sat on committees that directly oversaw the companies they traded

49 were Democrats
44 were Republicans

Which totals 18% of Congress
25% of the Energy & Natural Resources Committee traded $XOM or $CVX

33% of the Environment Committee traded oil-field services

8 members of the Armed Services Committee traded defense/aerospace stocks
Although Pelosi was not included in the report, let’s start with her (2020 - 2022)

Total trades: 35+
Dollar Volume: up to $65,600,000

Possible conflicting trades include:
$TSLA & the $1.2T Infrastructure Bill
$MSFT & the $10B Army Contract
$NVDA & the $50B Chips Act
Alan Lowenthal (D) CA sits on the Transportation Committee

His wife made some well timed trades on Boeing, $BA

On Mar 5 2020 she sold ~30K of $BA shares
One day later his committee releases damaging findings on the 737 Jet

$BA went onto fall 35%+ in a week
(Again) Alan Lowenthal (D) CA sits on the Natural Resources Committee

His wife perfectly played two rallies on Sunrun $RUN

Nov 2019, bought ~$30K @ $14.50
Feb 2020, sold ~45K @ $21
Mar 2020, bought back in @ $9
& sold 78 times as the stock ran to $80

Thats a cool 780% return
John Rose (R) TN sits on the Financial Services Committee

He sold shares of Wells Fargo, $WFC, a few months before his committee issued a critical report on the bank

11/12/19 - Sold ~250K of $WFC @ $54.22
3/1/20 - Report’s published

$WFC tanked 30% a week later to $37
Mike Kelly (R) PA

His wife bought ~$50K of $CLF just one day after being briefed that the Commerce Dept. launched an investigation to benefit the company

She bought at $4.70 and sold at $18.11, a 300% gain

Interestingly, this was the only individual trade she made that year
Richard Burr (R) NC sits as the Head Intelligence Committee

On 2/13/20 him & family liquidated their entire portfolio and went into treasury bonds

One month later the $SPY had its fastest 30% decline in history

This saved him $300K+ in possible losses
& there's many more examples beyond just this

Bob Gibbs (R) traded $ABBV while his committee investigated them
Roy Blunt (R) traded $PM while serving on a subcommittee overseeing Public Safety
Judy Chu (D) traded $AMEH while serving on a subcommittee overseeing Medicare
The wildest part about all of this though is that thousands of every day employees aren't allowed to trade individual stocks

Consultants can’t do it. Bankers can’t do it. Even many reporters can’t do it.

Yet the most influential people in the country, our politicians, can.
Yesterday I ran a poll on the @PelosiTracker_ account asking the community if politicians should continue to trade stocks

57% said ban them outright
40% said make them report same day
3% said let them trade
& S/O to the brands shedding light on these transparency issues to further push the movement, especially @unusual_whales

No one was speaking about political trading before Unusual Whales made it a household debate
Source of the NYT report:
nytimes.com/interactive/20…

Which was written by @katekelly, @adamplayford , & @aliciaparlap
Holy Viral

A lot of people keep asking where they can copy trade the politicians, well that’s what we’re building

Show some support and pre download our app for free through here 🫡

apple.co/3eJ1KO6

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More from @Chrisjjosephs

Nov 15
The NYT drops a softball piece on SBF painting him as an aspirational dude who genuinely got in over his head

While writing hit pieces on the CEO's of Coinbase & Kraken, two who actually protected their clients' assets

Turns out FTX donated $70M to Politicians in 2022🤔
SBF donated $30M to Democrats, making him the 2nd largest Democratic Donor

His partner, Ryan Salame, donated $23M to the GOP

FTX was in the pockets of both sides and became the trusted voice for Crypto regulation on Capital Hill
He was the one advising Congress on regulating Crypto

While using his "growing influence in the capital to criticize his biggest rival, Mr. Zhao

While defaulting on reckless loans and turning to "FTX customer funds to make the payments"

They trusted him over the others
Read 5 tweets
Oct 19
Yesterday the WSJ posted a report on just how often our Federal Officials traded stocks

They found 84 senior execs traded >500 times in 5 years

A CFTC economist even reported 9500 trades in 2020 alone

Heres a story on how our tax dollars paid the salary of a Federal Day Trader
Lihong McPhail works at the Commodity Futures Trading Commission (CFTC) as an economist

The CFTC's role is to "regulate the derivatives markets including futures, options, and swaps"

Its goals is to protect investors against manipulation, abusive trade practices, and fraud
Her Husband also happens to be a Federal Employee

He works as a Senior Policy Analyst at the Federal Deposit Insurance Corp

Where their mission is to "maintain stability & public confidence in the nation's banking system"

Two Fed Employees working to build trust in our systems
Read 9 tweets
Oct 5
Breaking: Sen. Tom Carper (D) sold ~$80K of his short position against the S&P 500

While sitting on the Committee of Finance, in March he bought up to $190K in inverse ETFs that profit when stocks tank

Markets have fallen 15% since

And he has many more trades that made us 🤨
To clarify, it is his wife making these purchases which is completely legal under The Stock Act



Back in Feb 2021, his wife bought up to $15K worth of $INTC

Just 8 days later, Biden signed a bill to strengthen supply chains for Chips



$INTC rallied 13% and hit a 5Y ATH
And it gets worse

As head of the Publics Work Committee, he oversees the “push for smart investments in our nation's infrastructure”, and has traded

$15K of Broadcom $BRCM
$15K of Maxar Tech $MAXR
$15K of Qualcomm $QCOM
$15K of American Tower $AMT
$15K of Lockheed Martin $LMT
Read 9 tweets
Sep 13
We've seen a boom in retail investing but continue to see the financial education lag behind

A new report from FINRA Foundation shows that since 2009, financial literacy has decreased 14%

It's even sadder to see the simple questions asked by FINRA
Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much money would you have?
Imagine that the interest rate on your savings account was 1%/year and inflation was 2%/year. After 1 year, how much buying power would you have?
Read 5 tweets

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