You expect me to believe it's a coincidence that the perennial chokers that are the Chicago Bears become the favorite football team of the Pope and they start winning like this?
Stray thought on the passing of Alan Simpson. Obama had an extraordinary opportunity in his first term. He could have broken down the large financial institutions after the crisis of 2008-09. He could have put us on a sound financial footing - the Simpson-Bowles Commission had good proposals. If he had achieved that, it's likely Donald Trump would not have become POTUS, and that Obama's legacy would be tremendous.
Instead - he sold out to the financial industry, left the country in far worse shape, and will be remembered as the first non-white POTUS and that's it. Huge lost opportunity just to get rich on Netflix deals.
What’s incredible is that the U.S. Forest Service & National Weather Service a full week ago perfectly predicted that extreme winds would spark serious fires in the LA region *on Tuesday.* These gov agencies got it exactly correct, yet Karen Bass still left for her Africa trip.
America is not a dark place, Trump is not a fascist, and we’re not headed for an authoritarian state.
Dems just did a bad job at governing and politics. They trusted the Federal Reserve and the foreign policy and media establishment.
Trump didn’t.
RFK Jr: “Today, we are the military-industrial complex… It’s like a Kabuki theatre of democracy.
Unravelling that… means going back and looking at the original trauma and exposing what actually happened to my uncle.”
Yesterday Nancy Pelosi and her husband traded Nvidia, $NVDA calls.
I want to give you the history of this trade and show the arrogance of Congress.
Her Nvidia calls show that Nancy Pelosi once again believes politicians should be able to trade (and in size).
Let’s start in December 2021. After a history of unusual trading, Nancy Pelosi was asked if she thinks US Congress members should trade despite legislative conflicts by Bryan Metzger.
She said, "We are a free market economy. Congress should be able to participate in that". Insane.
In Jan 2022 Unusual Whales releases their most famous trading report, showing Congress beat the market. Nancy Pelosi is listed as the fifth best trader in Congress.
That report creates a flurry of media and outrage, while the report continues to go viral. Within seven days of publishing, five new bills banning members of Congress from trading are proposed.
In the summer of 2022, it is revealed that Nancy Pelosi was trading millions of dollars of $NVDA, Nvidia before voting on a US semiconductor bill by the Biden administration.
We reported on the trade to once again, outrage by the public when disclosed. Interestingly, for the first time in history, a few days later Nancy Pelosi disclosed trades made on the same day they were made (likely the fastest disclosure in history of US Congress). She reported that she sold out of her Nvidia position, the first time she divested from conflicts in her portfolio.
One month later Nancy Pelosi proposes alongside Representative Lofgren her own Congressional trading ban, a bill which was incredibly weak and filled with loopholes.
And then, Pelosi stopped trading. Well, until yesterday.
One week after Chinese President Xi visits her home state of California, and before Biden announces new US semiconductor focuses, her husband decides to buy two million dollars of deep in-the-money Nvidia calls, the same company she divested from due to conflicts a year earlier.
One terrible thing about this trade is that it was done when Congress was in session!!!!!! You can use Unusual Whales to find the exact price she paid for her options and leveraged bets.
Pelosi has a history of unusual trading, and her portfolio itself is up around 60% YTD. If you want to find and follow her portfolio, you can do so on Unusual Whales in our Portfolio tab.
Pelosi has made millions while in Congress, with a networth close to likely a quarter to half a billion. No matter what trade or conflict though, I will report on it.
Congress cannot hide from me, and I will not stop until Congress is banned from trading.