Wednesday, January 31, 2024

Right In Front of Own Eyes

 Our elected representatives are cheating right in front of your eyes. They are cheating with insider information on their respective stock trades.

I follow Quiver Quantitative on Twitter and they are incredible. They track congressional stock trades and how the information that the congressperson has/had at the time of the trade. I'm going to list a few below just so you have some idea of how deep it runs.....

Senator Tina Smith (MN) bought $250k of stock in a company called Tactile Systems. It's a medical device company based in Minnesota who's stock has risen 50%. Senator Smith sits on the Senate Committee on Health.

The U.S. just announced last week a pause on the approval of liquified natural gas exports to some countries. Rep. Maria Salazar recently sold up to $100k of stock in the liquified natural gas company Cheniere Energy. Salazar sits on the House Foreign Affairs committee.

The government recently announced it is partnering with Nvidia on a new AI research program. Nancy Pelosi recently bought up yo $5M of Nvidia call options. Nvidia stock has now risen over 26%.


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