Members of Congress again outperformed the stock market, report shows

finance
Created 1/8/2025
Updated 1/8/2025

A report by Unusual Whales reveals that many members of Congress outperformed the S&P 500 in 2024, with Democrats averaging a 31% gain and Republicans 26%, compared to the S&P’s 24.9% rise. This success stems largely from investments in Big Tech, with notable active traders like Rep. Nancy Pelosi seeing massive gains (up 70.9%). Critics argue this trading raises concerns of unfair advantages due to non-public information and potential conflicts of interest. Public support for banning stock trades by politicians is high, but attempts to enact a ban have stalled. Meanwhile, some ETFs and tools now allow the public to track and mimic these trades.

Original Article


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