The Political Trading 2024 Wrapped is here

Because if you can't beat them, join them 🫡

There is a lot of conflicting reports on Harris’ proposed 45% capital gains & 25% unrealized gain tax

Is it only for people making $1M?
How does taxing unrealized gains even work?

Based on what we found, it’s true (partly)

Here’s the full breakdown: The entire situation can be broken down into three questions:

1) What even is the proposal?
2) What are the actual details on the 45% cap gains & 25% unrealized gains tax?
2) Does Harris even support the proposal?

Holy Freaking Size Alert 🚨

Rep. David Trone just disclosed the largest Political stock filing in history

He reported over $97M worth of trades.

Yes. $97,000,000.

The best part? Every single one violated the Stock Act For those asking what he bought, we're going through it now but looks like the majority were Treasury Bills so nothing too suspicious

Just shocked at the size of the filing.

$97,000,000 is by far the biggest we've seen

Last week a Senate Committee held a vote to ban politicians from stock trading

10 Democrats & 2 Republicans voted NOT to ban it

Including Diane Feinstein (D) whose net worth has grown $200M+ since becoming senator

She also was investigated for Insider trading. Here's why: First, most of this data & reporting comes from the 🐐 Unusual Whales

For whatever reason, our team could not find any records of the her trades

Read the detailed write up here:


Read along for the shortened versionunusualwhales.com/politics/profi…

The Senate Committee just held a vote on banning politicians from trading stocks

"This body has a habit of prescribing rules for other people & not looking at its own problems"

10 Democrats & 2 Republicans voted NOT to ban it

Here's who voted no. @SenatorDurbin (D): No
@SenFeinstein (D): No
@SenWhitehouse (D): No
@SenAmyKlobuchar (D): No
@ChrisCoons (D): No
@SenBlumenthal (D): No
@maziehirono (D): No
@SenBooker (D): No
@SenAlexPadilla (D): No
@PeterWelch (D):
@JohnCornyn (R): No
@SenThomTillis (R): No

In the last week, Four members of congress filed over $12 million dollars worth of trades

Dan Goldman: $9,650,000
Kathy Manning: $890,000
Scott Franklin: $420,000
Lois Frankel: $136,000

The yearly salary of a politician: $174,000

Here are some of the notable trades they made Rep Dan Goldman (D):

Sits on the house accountability committee

Bought $100K of $ACN - Accenture
Bought $100K of $BMY - Bristol Myers Squibb
Bought $100K of $CMI - Crown Castle
Sold $100K of $CVS - CVS Health
Bought $100K of $DG - Dollar General

Breaking: Remember when Dan Crenshaw (R) TX bought Wynn Resorts $WYNN on 10/25?

Well he's now up 100% on the trade and continues to be one of the best Politician traders out there

Republican. Democrat. Both sides continue to profit. Source on the trade:

Filed on 10/25
Traded on 10/25

Price on 10/25 - $57.44
Price today: $115.01

Another day, another Politician making millions in the stock market

Rep. Josh Gottheimer bought ~$2.5M of $MSFT calls 3 weeks before announcing their partnership with OpenAI

He previously worked as a GM of strategy/partnerships at Microsoft

$MSFT is up 13% since his buy Rep. Gottheimer is no stranger to trading $MSFT



In the past 3 years he’s traded Microsoft over 120 times that totals a whopping $120M in trading volume

The attendee list for the World Economic Forum was just leaked

It includes 116 billionaires, the CEO of Blackrock, the FBI Director, the CEO of Pfizer & 16 Politicians

"The WEF engages political, business & other leaders of society to shape global, regional & industry agendas" Yes, that quote comes directly from the WEF website

Van Taylor (R) TX may be sounding the alarm 🚨

He just sold over $12M worth of stock and happens to sit on the House Committee on Financial Services

The largest sales include almost $10M worth of Oil Stocks Trades include:

Sold ~$250K of $BMY
Sold ~$1M of $CVX
Sold ~$5M of $LLY
Sold ~$5M of $XOM
Sold ~$250K of $MCO
Sold ~$15K of $OXY
Sold ~$250K of $ZBH

Breaking: Rep. Michael McCaul (R) TX just went in on the biggest rival to Tiktok right before the bill to ban Tiktok from gov. devices was passed

He bought up to $400K of $META starting on 11/8/22

And if an outright ban passes, $META will benefit the most This disclosure also was one of the largest we've seen in history

He traded 116 times totaling ~$7.8M in buys and ~$9.8M in sells

Thats almost 3 trades per day

General Dynamics ( $GD) was just awarded a $5 Billion dollar modification to a contract with the US Navy

Any politicians buying it beforehand? Yup

Lois Frankel (D) - Bought 5 separate times totaling ~$75K

She also happens to sit on the Department of Defense-Civil Subcommittee Recent trades:

5/4/22 - ~15K
5/18/22 - ~$15K
10/19/22 - ~15K
7/20/22 - ~15K
8/3/22 - ~$15K
10/19/22 - ~15K

Breaking🚨: Is this why Pelosi sold Visa?

The Credit Card Competition Act, legislation aiming to break up the Visa-MA duopoly, was just introduced to the House

If passed, $V will no longer own the monopoly on CC fees

Reminder: Pelosi sold $7M worth of Visa in the last 6 months More competition will result in lower fees for $V and $MA meaning a race to the bottom as average revenue/transaction plummets and operating margins erode"

$V & $MA own 83% of the credit card market

BREAKING: Pelosi has sold another 20,000 shares of Visa, totaling ~$4M

Back in 2008, Visa offered her husband a "VIP cut of the IPO" at $11/share

Since then, $V is up ~1900%

Being "VIP" sure does pay Trading History:

Bought pre IPO - 80K shares @ $11/share
Bought 3/25/08 - 40K shares @ $16/share
Bought 6/4/09 - 20K shares @ $21.50/share
Sold 5/8/20 - ~$1M @ $185/share
Sold 6/21/22 - ~$3M @ $194/share
Sold 11/8/22 - ~$3M @ $201/share

*all post stock split numbers

The IRS has warned Americans that they must report payments on Venmo, PayPal, & Zelle over $600

The $600 threshold includes part-time work, side gigs, and selling goods

Wasn't the plan to go after Billionaires? The $600 threshold was introduced in the Inflation Reduction Act back in 2021

Before this year, the threshold was at least 200 transactions that totaled over $20,000

Another one 🚨

FTX invested $11.5M into Farmington State Bank, the 26th smallest bank in the country with only 3 employees with a net worth of only $6M

“It’s hard to believe that regulators would have knowingly allowed FTX to gain control of a U.S. bank”

And there's more to it Before the acquisition, Farmington’s deposits had been at a steady $10 million for a decade

In the 3rd quarter this year, the bank’s deposits jumped nearly 600% to $84 million

Nearly all of that increase, $71 million, came from just four new accounts

Breaking: 8 Congress Members tried to stop the SEC from inquiring into FTX by questioning the SEC's authority to inquire about Crypto

5 of those 8 members also received campaign donations from FTX, ranging from $2,900 to $11,600 Of the 8 Congress Members, 4 were Democrats and 4 were Republicans

Tom Emmer (R-MN)
Ted Budd (R-NC)
Byron Donalds (R-FL)
Warren Davidson (R-OH)
Jake Auchincloss (D-MA)
Josh Gottheimer (D-NJ)
Ritchie Torres (D-NY)
Darren Soto (D-FL)

Breaking🚨:

SBF has just CONFIRMED that he will be speaking next week at the New York Times Event

Other speakers? Well The President of Ukraine, Larry Fink, Janet Yellen, Mike Pence, & more.

And the cost to attend? - $2,400 Here are the rest of the speakers that will be at the event

You can't make this up if you tried.

On 11/30, the New York Times was planning to host a live event with Sam Bankman-Fried, Zelensky, Larry Fink (CEO of Blackrock), and U.S. Treasury Janet Yellen as the main speakers.

Cost to attend? - $2,400 twitter.com/i/web/status/1… Source:

nytimes.com/events/dealboo…

BREAKING♟️:

A US Senator, currently sitting on the Senate Finance Committee, yesterday shorted the entire US economy

He's allowed to do this while many bankers, journalists, and consultants aren't even allowed to buy individual stocks

"Rules for thee but not for me" ⬇️ Sen Tom Carper (D) DE has again bet against the US economy via inverse ETF's

Yesterday he bought $110K of $HDGE, a Bear ETF
In March he bought $190K of inverse ETF’s

Inverse ETFs profit if the asset price it tracks, falls

So if markets tank, he makes bank

The character of @elonmusk has been publicly attacked by both sides after the Twitter Takeover

But privately many support his other companies

Turns out that 12 Republicans and 16 Democrats reported owning $TSLA

Including Speaker Pelosi, Dan Crenshaw, & more Here are the most notable Democrats buys of $TSLA

Pelosi (CA) - bought up to $5M on 3/17/22
Josh Gottheimer (NJ) - bought & sold up to $60K four times in 2022
Vicente Gonzalez (TX) - bought up to $250K on 5/29/22
Ro Khanna (CA) - bought & sold Tesla 37 separate times