Posted 12/9/2023, 5:34:57 PM
Congress Stock Trackers Outperform Market Amid Calls to Limit Lawmaker Trading
- A tool copying Congress members' stock trades has gained 20% this year, doubling the stock market average
- A tool tracking Nancy Pelosi's portfolio is up 50% in the past year, vastly outpacing the S&P 500
- Some in Congress seem to trade right before stock prices explode, perhaps based on committee knowledge
- Examples include trades in Lockheed Martin, Tesla, and NGL Energy with big gains
- There have been calls to ban members of Congress from trading stocks, but little legislation passed so far