Nancy Pelosi, the former speaker of the House and a seemingly perennial presence in the Democratic caucus, is attracting a lot of eyeballs lately for the stellar gains that she, along with her husband Paul Pelosi, has been able to accumulate in the stock market.
As we've noted intermittently over the past few years, given their well-established acumen for beating the market, the Pelosis have singlehandedly spawned an entire genre of retail investing, where a committed army of copy traders try to emulate every stock-picking move of the power couple, gleaned from the delayed trade disclosures that all Congress members must submit.
As an illustration of this phenomenon, look no further than Tempus AI, whose stock popped by a whopping 36 percent intraday a couple of months back when Nancy Pelosi's purchase disclosures for the stock became public knowledge
In fact, as per a tabulation by Quiver Quant, copying Nancy Pelosi's every stock trade would have netted you an astounding 720 percent gain since May 2014, while the SPY - an ETF that tracks the performance of the S&P 500 index - could only manage 238 percent gains in the same time period. Please note that we have not independently verified these figures.
Now, however, as Nancy Pelosi's net worth has reportedly eclipsed $263 million, helped along by the power couple's remarkable acumen for picking stocks, President Trump has pounced by publicly musing how "these two very average minds beat all of the super geniuses on Wall Street."
Of course, this is not the first time that Trump has pounded the proverbial table on this issue. The incumbent President of the US, who is known to hold grudges for a long time, has repeatedly called for Nancy Pelosi to be investigated on the charge of insider trading, something that the former speaker of the House has denied on numerous occasions.
Nonetheless, it appears that the relentless spotlight on this issue is pressurizing the power couple, with Nancy Pelosi recently throwing her weight behind the ironically named PELOSI (Preventing Elected Leaders from Owning Securities and Investments) Act, which is currently being championed by Senators Josh Hawley and Kirsten Gillibrand. The act bars lawmakers and their spouses from trading stocks.
Of course, if this legislation passes, retail traders would be deprived of a stellar source of consistent alpha.
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