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Congressional Trading 2023

Vambram

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For those who don't know, Unusual Whales is a stock, options, market-moving news service that provides the most affordable financial tools and services to traders. We focus on market transparency most of all, highlighting unusual trades in the stock market.

One of those fields that are filled with unusual trading is Congressional trading. We are the reason Congress has started acting on Congressional trading and financial conflicts. Our reporting eventually changed Congress, with our 2021 report going viral. ONLY AFTER it went viral, 6 trading bills were banned the next week. Our journalism had a part in changing the world and public perception around politician stock trading.


There is much more within this article which anyone here can read via that web link if you choose to do so.



This article defines and describes SPY stocks.
 
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Pommer

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I feel advertised at.
(Read the whole post before blathering, Pommer, ol’ chap.)

This “stock-trading by Congress” issue is one of those ones where we’re asking the fox to please don’t eat them chickens they’re guarding.
If there isn’t an absolute clamoring for things to change, it won’t.

This here OP is a fine step along those lines.
Well done!
 
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Vambram

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Thank you.
 
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iluvatar5150

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Not that I trust congresspeople to be perfectly trustworthy, but 1-year results for 2023 are going to look shady because of where the whole market started and ended. Jan 1 2023 was right about where the market ended a 13-month decline and started a year-long rebound. I have one 401k from a previous employer (i.e. that I didn't contribute to at all last year) that's all in tech funds that went up about 48% in 2023.
 
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