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.
Most Popular:
Melania Trump Announces Big Change For 2024
Supreme Court Shocks Jack Smith In Case Against Trump
Ex-Marine Imprisoned In Russia Sends Message To Biden
