The Best Stock Traders in Congress Win (Big) Again!

I'm sure that it's just a coincidence - that a sitting Senator on the Select Financial Committee - sold U.S. bonds and bought a hedge on the NASDAQ 100 at exactly the right moment

Dear Fellow Expat:

As you know, I love to follow insider buying activity – and the momentum it generates.

When we talk about insiders buying stocks, we focus on the CEOs, CFOs, and the “10%-owners” in the organization, among others.

Historically, executives who buy their own stocks enjoy a very significant winning percentage in the first year of ownership.

But there’s another group of “insider” buyers. In fact, they’re the ultimate insiders.

Let me show you one of the top “Insider” plays of the year… that should only frustrate and confuse us. Why?

Because the trade was by a sitting member of the Senate Financial Committee.

What’s more, it was technically a bet against the U.S. stock market.

Thomas Carper is an Incredible Momentum Trader

On July 13, 2023, Senator Thomas Carper (D-DE) took a bearish position on the Nasdaq 100. He took two positions in the ProShares Short QQQ ETF (PSQ), according to a new filing disclosure at CongressTrading.

His stakes were between $1,000 to $15,000. Now, PSQ is …