Dozens in Congress beat stock market in 2022 despite downturn on Wall Street: analysis

The House truly always wins.

Topping the list of winners was Rep. Patrick Fallon , who made 51.6% on his investments in 2022, according to the data. Right behind him was Rep. Debbie Wasserman-Schultz with a 50.8% spike, the report showed. Wasserman-Schultz, a member of the House Natural Resources Committee, made her biggest gains on shares of an energy company. She purchased as much as $45,000 worth of Patterson-UTI Energy, which provides drilling and pressure pumping services for energy sources — services that jumped in value as oil prices surged.The Usual Whales report relied on financial disclosure forms filed by 131 — or 24% — of the 535 members of Congress who reported trading activity in 2022.

Among the top stocks purchased were Apple , Disney , Google , Musk’s electric car company Tesla and tech giant Nvidia , Nvidia , Exxon Mobile , pharmaceutical titan Eli Lilly and Microsoft ($3.4 million. Debbie Wasserman Schultz has bought shares in an energy company, even though she sits on the House Natural Resources Committee.The only rule currently governing trades is the STOCK Act, which was passed in 2012 and was supposed to rein in lawmakers’ trades. Under the legislation most members of Congress are still free to make the trades that could conflict with their legislative duties — as long as they disclose the information within 45 days.

“While she didn’t pass legislation unfavorable to tech companies, she clearly didn’t have any influence over the rate hikes that destroyed tech,” Thomas Hayes, Founder of Great Hill Capital told The Post. “The headwinds of The Fed made Paul Pelosi a mere mortal like the rest of us.”The data scientist behind the Unusual Whales account was quick to note “this is one bad year and Pelosi’s general strategy has worked plenty, especially in 2020-2021.

Jesus Christ she looks like a work boot left to close to the fireplace.

Yikes!

Very impressive to work full time in congress and be expert stock traders 🤷

Uhhh, maybe getting inside info helps?

It's impressive that many members of Congress have been able to beat the stock market in a year of economic downturn! stockmarket Congress

Can anyone be surprised by this? Make their portfolio public so the rest of us can play the winners. Nothing like knowing the lotto numbers before the draw....

Imagine that! No insider trading involved here. Move along folks.

I used to do great on exams I had the answers to

Public servants AND incredibly skilled equities traders? What can’t these people do!

If I had all that inside knowledge! I beat the market too!

insider trading it’s simple. maybe if we banned congress from owning individual equities. they would be more partial to the people. versus corporate america l. lobbying should be limited as well.

How about public disclosure 1 day before all trades rather than 45 days after?

Lock them up…most obvious insider trading imaginable and no one does a damn thing. 🤦🏻‍♂️

Why is Pelosi pictured, when the article states the She LOST the most money ? It’s almost like the Post wants us to misread this headline🤨

This is the biggest corruption in the country and yet no one is asking any questions!! They are all corrupt!! One was a waitress before and now worth 5 million. Some are worth 100’s of millions!! Both parties!!

Sus 🧐

They made Trump show his taxes. Hopefully are new House has the balls to make the new Congress show their portfolio's

Shameless insider trading as we all know …

Insider trading at its best

the joke is on us... it's all rigged.

Please tell us more about the lovable Pelosis and how they are saints who would never use political power to take hundreds of millions for themselves…

WallStreet Congress TrumpTaxReturns NancyPelosi TaxReturns

Remember in 2022 the Democratic led House & Senate quietly killed the bill that banned stock trading by Congress. Outgoing speaker Pelosi got no pushback from corporate media. Not a peep. Can you call collusion between media & politicians a conspiracy now?

Pikachu is shocked

It is called insider trading for those in the back.

As many in Congress were enamored with Sam Bankman-Fried.....Yet....Not one report of a Member losing money investing with him....

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Another hot reading on job market sends Wall Street lowerStocks fell broadly on Wall Street and Treasury yields rose after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy in order to fight inflation.
출처: KPRC2 - 🏆 80. / 68 더 많은 것을 읽으십시오 »

Wall Street Journal: Vince McMahon plots return to WWE | CNN BusinessVince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. Nope. It's his company. Of course he'll be back. That doesn't mean he isn't a reprehensible scumbag.
출처: CNN - 🏆 4. / 95 더 많은 것을 읽으십시오 »

Asian stocks edge up before U.S. jobs data, defying Wall Street selloffAsian equities gained on Friday while the dollar hovered near a one-month high as investors braced for crucial U.S. jobs data later in the day that should provide clues on how aggressive the Federal Reserve will be in tightening policy.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

These 6 Club stocks look reasonably priced as Wall Street shuns high flyersThe Club is growing increasingly worried about some richly valued companies in our portfolio. These six stocks look better positioned.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »