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Stock Report: Congressional Democrats Beat S&P 500 by 7 Points in 2023

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A report by Unusual Whales found that Congressional Democrats outperformed the S&P 500 by seven points in 2023, primarily due to heavy tech portfolios, while Republicans fell short by 6 points as their portfolios were mainly in financials, oil, and commodities.

The report highlighted the top-performing members, including Rep. Nancy Pelosi, Sen. Susan Collins, and others.

It also noted a decrease in overall trading activity in 2023 compared to previous years, with Congress selling more stocks than buying and an increase in trading activity in other assets. (Trending: Fauci’s Ex-Boss Admits The Truth About COVID)

According to Unusual Whales, “Democrats came out on top significantly, due to their heavy tech portfolios. Republicans only returned around 18%, which is still great.”

“They underperformed as an aggregate because their portfolios are mainly in financials, oil, and commodities, which had a difficult year due to the banking collapses and high rate hikes,” reported the watchdogs.

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