This blatant corruption infuriates me! Congressional Democrats exploiting their privileged positions for personal gain, trading stocks with insider knowledge while ordinary citizens suffer. Beating the S&P 500 by seven points is no mere coincidence; it reeks of unethical practices. The fact that they have the audacity to engage in such behavior, profiting from sensitive information, is a disgrace to the very essence of democracy. The so-called representatives are prioritizing their portfolios over the well-being of the people they are supposed to serve. This is a shameful betrayal of trust, and it demands immediate and thorough investigation.
Congressional Democrats’ stock returns beat the S&P 500 by seven points in 2023, a report by Unusual Whales found Tuesday, raising concerns that many members of Congress trade stocks based on information unavailable to the public.
Beating the S&P is very difficult for stock traders due to the challenge of regularly identifying stocks that will gain more than the S&P:
- The S&P 500 is a stock market index tracking the stock performance of the 500 largest companies listed on the U.S. stock exchanges.
- The S&P provides diversified exposure, reducing portfolio risk.
- The S&P 500’s composition incorporates factors of size, value, quality, and volatility
“Democrats came out on top significantly, due to their heavy tech portfolios. Republicans only returned around 18%, which is still great,” the report found. “They underperformed as an aggregate because their portfolios are mainly in financials, oil, and commodities, which had a difficult year due to the banking collapses and high rate hikes.”