It is time to ban stock trading for members of Congress.
Despite the market having the worst year since 2008, Members of Congress once again beat the market.
The S&P 500 was down 18% in 2022. Democrats were only down 1.76% and Republicans were up .389% on the year.
On average, Democrats were down -1.76% in 2022, whereas Republican members were up +0.4%.
Meanwhile, the S&P500 itself was down 18% in 2022.
Like in 2021, politicians beat the market.
Read the full report here: https://t.co/6OYED6CbIR pic.twitter.com/6OOEbYWWcR
— unusual_whales (@unusual_whales) January 3, 2023
Defense stocks were a money maker for members of Congress.
Both Democrats and Republicans made money buying defense stocks amidst the war in Ukraine.
Republicans sold a little bit more in stocks in 2022 but Democrats purchased far more than Republicans.
After a massive year in 2020 and 2021, Pelosi had a down year in 2022.
Well the Pelosi family had a greatly reduced trading year in 2022. In 2021 and 2020, they flourished, with huge outsized returns. We wrote entire reports on her trading style, as well as created a series of free ETFs to follow her moves.
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Pelosi had a terrible year with options, where her deep ITM call strategy for her tech plays really did not work out in 2022. She exercised most of her plays that expired at a loss, and immediately sold those stocks. You can see her active options positions (down 99%) as well as the ones she exercised below:
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Pelosi also added a 50k interest in an LLC called REOF LLC, bringing the total REOF investment to around 350k. Ultimately, Pelosi’s strategies worked well in 2020-2021, but failed as interest rates rose.
Is this corruption?Â
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