afrokilla

Groceries are up 25%, used cars climbed 35% and rents roughly 20%. While Americans' daily routines have largely returned to their pre-pandemic normal, the cost of living has not, per Bloomberg.

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.