Congress Members' 50% Returns! Is Information Asymmetry Key to Trading?
@Tiger_comments:
A group of "stock market gurus" has emerged in the US Capitol in recent years. According to a new report by Unusual Whales, in the recently concluded 2024 year, the stock portfolios of over 20 members of Congress outperformed the market.Information asymmetry for insider trading? Congress members’ returns outperform $.SPX(.SPX)$ !Last year, stocks held by Democratic members rose by 31%, while stocks held by Republican members increased by 26%, and the S&P 500 index rose by 24.9%.The controversial Pelosi and her husband achieved a return of over 50%. Pelosi has opposed a ban on stock trading by members of Congress, stating that congress members should be able to participate in the "free market economy."Stocks owned by Paul Pelosi,