Market Meltdown: Tracking Politicians' Pre-Crash Moves

What you can expect to read about today:

• An overview of recent notable Congress trades, including from Nancy Pelosi’s Nvidia purchase.
• Dive into the most watched Congressional races
• Read about Berkshire Hathaway’s sale of nearly half of it’s Apple stake and the drawdown that is happening in the market.

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CONGRESSIONAL TRADES

The markets have taken a hit over the last 5 days, as the S&P 500 has dropped nearly 5%, and several mega-cap tech stocks have taken double-digit losses.

This market turbulence comes amid growing concerns about inflation, interest rates, and global economic uncertainties.

Some politicians were able to sell off positions shortly before this drop, while others seem to have still taken major losses:

• Representative Nancy Pelosi is buying the (NVDA) dip. She just disclosed new trades, including a purchase of ~$1.1M of Nvidia stock. She has lost approximately $13M in the last two weeks.

• One of the more suspicious sales we've seen this year: Representative Michael Burgess sold (UPS) the day before the stock had its worst day ever. Burgess sold on July 22nd. The next day, the company released a dismal earnings report and the stock plummeted.

• Rep. Marjorie Taylor Greene bought 6 stocks last month, including Crowdstrike (CRWD), the position has fallen 40% since her purchase. They have all underperformed and include: (ASML), (COST), (LULU), (NEE), (NSRGY).

Want to read the rest of this newsletter? We will cover:

• Congressional Races
• Dive into Warren Buffet's Apple sale