Unusual Whales, a stock, options, market-moving news service, released its 2023 Congressional trading report.
The findings by Unusual Whales places the microscope on Capitol Hill corruption and stock trading used to make financial gains.
“I have just released the full report on politicians trading in 2023. Like every year since 2020, US politicians beat the market. And many in Congress made unusually timed trades resulting in huge gains. Here are the top performers of 2023,” Unusual Whales wrote.
“This year, Democrats absolutely dominated their Republican counterparts. Dems were up 31%, and Republicans 18%. Meanwhile, the S&P500 itself was up 24%. Many traded despite conflicts in their committees in record numbers,” Unusual Whales added.
The public servants with the highest returns included:
- Rep. Brian Higgins (D-NY)
- Rep. Mark Green (R-TN)
- Rep. Garret Graves (R-LA)
- Rep. David Rouzer (R-NC)
- Rep. Seth Moulton (D-MA)
- Sen. Ron Wyden (D-OR)
This year, Democrats absolutely dominated their Republican counterparts.
Dems were up 31%, and Republicans 18%.
Meanwhile, the S&P500 itself was up 24%.
Many traded despite conflicts in their committees in record numbers.
Read the full report here: https://t.co/zDYDmqpB8u pic.twitter.com/Zo4xssRIOT
— unusual_whales (@unusual_whales) January 2, 2024
“Many members in Congress made huge gains in their portfolios after a market record year for $SPY. Sadly many members had more trades than legislative votes this year. Here are some of the highest realized gains this year,” Unusual Whales wrote.
“What is absolutely insane is that Congress was trading options once again in 2023. Notionally, they traded more in 2023 than last year! The amounts are crazy: +$150 million while Congress was in session including Pelosi’s $NVDA trades,” Unusual Whales continued.
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