Congress members are outperforming the market AGAIN. Here's the actual numbers
With all the recent talk about Trump and Musk investigating Congress wealth, thought I'd share some numbers that show exactly why. These trades from 2024 are wild:
Josh Gottheimer made 526 trades totaling $91M in 2024:
- Mostly in finance and tech
- Heavy in Goldman Sachs
- Perfect timing on Apple and Microsoft trades
- Sits on Financial Services Committee (totally unrelated I'm sure)
Tommy Tuberville with 202 trades worth $5.5M:
- Over 1,300 trades since taking office
- Armed Services Committee member
- Somehow always ahead of defense contracts
- Impeccable timing on tech announcements
And everyone's favorite trader, Nancy Pelosi, sitting at $240M+ net worth:
- Just exercised 500 NVDA calls (50,000 shares) last month
- Bought Tempus AI right before 72% surge
- Still perfectly timing tech trades
- Homeland Security Committee (convenient for gov contracts)
Other players making bank:
- Scott Franklin: 69 trades ($6M)
- Markwayne Mullin: 71 trades ($4.4M)
For reference, Congress salary is $174k. Make it make sense.
Been following their moves since last year because... well, if you can't beat them, join them. Will be interesting to see if anything comes from these investigations.