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  • πŸ”” "Every single stock she has bought in the last two years has gone up significantly"

πŸ”” "Every single stock she has bought in the last two years has gone up significantly"

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The greatest trader that ever lived is a woman.

A true shame that in this day and age she has to hide behind her husband and can't take full credit for her success.

Move over Jesse Livermore. Nancy Pelosi's taking your crown.

Except it's not her. It's her husband Paul. Honest. πŸ‘‡

"The Speaker does not own any stocks. As you can see from the required disclosures, with which the Speaker fully cooperates, these transactions are marked β€œSP” for Spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions."

That's it. Mystery solved. Case closed. No further questions.

It's been known for a while that Pelosi Inc. has made some incredibly well-timed trades, and the guys at social trading firm Iris have been tracking the performance.

"The reason why Speaker Pelosi became so popular was because every trade she was making inevitably turned out to be such a long term winner,"

"Albeit the entire market has gone up significantly, but these are very, very risky bets because she's been buying LEAP options as opposed to just stock,"

"It started early in 2020 with Crowdstrike, and then she bought Tesla, and there were some laws passed pro for the EV market."

"Then she bought Google and then the laws came out that they weren't going to go after big tech. And then she just recently bought Nvidia."

Iris Cofounder Christopher Josephs says that each of Pelosi's disclosed positions has been up 20-30% since initial investment.

One helluva strike rate.

Over at the Fed,  they're looking to change the rules to stop policymakers from actively investing (or casually day trading the S&P...) πŸ‘‡

No word on any changes in the laws on congress trading or conflicts of interest though....

"Tell them that Powell's irresponsible, then ramp it up to DANGEROUS"

At least the insiders are doing better than Deutsche πŸ‘‡

PiQ

Free Alpha: Copy Nancy, Fade Deutsche πŸ“ˆ πŸš€

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A question that keeps cropping up... Should central banks already be hiking to fight inflation?

Absolutely not. Not in developed economies at least.

The massive supply-demand mismatch was amplified by fiscal stimulus, especially in the US, and with the end of furlough, rent moratoriums, and enhanced unemployment benefits, demand is already reducing...

Supply chain issues are also taking a toll, as this survey demonstrates. πŸ‘‡

It makes sense too. If people have no idea when they'll get their order, or if the price has been bumped up 'too quickly', then people will wait for the 'sales' next year, especially for non-essential purchases...

πŸ’―

The only thing it would do is reduce future demand (monetary policy tends to operate with an 8-12 month lag), by which time these temporary factors should have ironed themselves out.

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Move over Klarna, the big boys are back in town...

With all the hype around Buy Now Pay Later, it was surprising that the big payments duopoly (Visa & Mastercard) had stayed on the sidelines.

It didn't last... πŸ‘‡

Mastercard are already well and truly plugged into the global financial system, and they're pitching their offering as better than the rest in another aspect too:

Consumers will have full transparency on lender practices up-front during the approval process, and unlike most current BNPL offerings, consumers will continue to benefit from zero liability fraud protection, the ability to challenge unrecognized charges, and the peace of mind that comes with Mastercard’s acceptance footprint.

Visa won't be far behind. πŸ‘‡

Visa

With Amazon partnering with Affirm, Afterpay joing Square, Apple and PayPal bringing their own products to market, can Klarna compete?

Don't know what financial news stories are important and what is complete bullsh*t? Hop onto our filtered news channel.

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