Tag: stock market

Stock market watchdog claims Nancy Pelosi raked in $4.7M in single day of trading

Stock market watchdog Quiver Quantitative announced Monday that Rep. Nancy Pelosi, D-Calif., had made millions in the market since that day’s opening bell.

The representative allegedly raked in $4.7 million, according to Quiver’s estimates. It claimed that figure inflated her overall net worth to $261.9 million.

An X account dedicated to tracking Rep. Pelosi’s stock market activity added the sum amounted to 26 times her annual salary.

A representative of Rep. Pelosi’s office told The National News Desk Tuesday the former House speaker does not own any stocks, adding that the tracked account belongs to her husband Paul Pelosi.

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” they wrote via email.

The findings come as lawmakers are renewing a push to ban members of Congress from trading stocks. Sens. Josh Hawley, R-Mo., Bernie Sanders, I-Vt., and John Fetterman, D-Pa., in 2024 voiced support for legislation to require lawmakers release control of their money by placing it in a blind trust.

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Sen. Josh Hawley: The Pelosis Beat Every Hedge Fund with Their Stock Trading

Former House Speaker Nancy Pelosi (D-CA) and her husband, Paul, have made hundreds of millions of dollars off Nancy’s insider knowledge, but Sen. Josh Hawley (R-MO) has a plan to stop it, he told Breitbart Editor-in-Chief Alex Marlow on Thursday’s episode of The Alex Marlow Show.

Hawley reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in April to ban members of Congress and their family members from being able to trade or hold stocks.

The bill’s namesake, former Speaker Nancy Pelosi (D-CA), has made “hundreds of millions” – despite a salary never higher than just over $200,000 – since her election to Congress. Hawley said that cannot be done following the law.

“You don’t do it legally,” Hawley said of Pelosi’s acquisition of wealth. “And here’s the thing, Nancy Pelosi and her husband last year, in 2024, beat every hedge fund in the nation, practically. So, either Nancy Pelosi is a mathematical and financial analyst genius… or maybe, maybe the information that she’s privy to turns out to be pretty darn valuable.”

“And everybody knows it’s the second thing. It’s just outrageous,” he added.

Hawley’s nonpartisan bill would be enforced for both Republicans and Democrats, but Pelosi is the most notorious offender.

Hawley said for her to have that success without breaking the law and using insider information, Nancy would have to be “a total financial genius, the likes of which comes along once every I don’t know, 1,000 years.”

Hawley believes elected officials staying in elected office longer than the founders intended is connected with the problem of members exploiting the office to enrich themselves. Its “no coincidence” that “the longer they’re here, the more ways they find to make money off of their jobs,” he told Marlow.

“Members of Congress are paid a salary. That’s fine, obviously, but we’re not talking about that,” he said. “We’re talking about millions and millions and millions of tens of millions of dollars – hundreds of millions, in the Pelosi case that they’ve made while she has been in office.”

Members of Congress “leveraging the office” to get rich is “the farthest thing from what the Founders intended,” Hawley said. “And really it’s a disaster for our system if it’s allowed to continue without any kind of check.”

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Stocks surge as White House confirms 100 countries want a trade deal with U.S.

White House spokeswoman Karoline Leavitt has confirmed that there is progress on President Donald Trump’s agenda to get fair international trade standards for American manufacturers and consumers alike.

The president launched a series of tariff battles because for years American producers have had to pay high tariffs to get their products and services into other nations, while those nation’s often have been given virtually free access to American markets.

The imbalance is what has caused America’s large trade deficit and other financial complications.

Trump’s tariffs have been producing results she said.

“We’re doing very well in respect to a potential trade deal with China. There have now been 18 proposals and more than 100 countries around the world who are wanting to make a deal with the United States of America,” Leavitt confirmed.

“The president and administration are setting the stage for a deal with China. … We feel everyone involved wants to see a trade deal happen — and the ball is moving in the right direction.”

The Daily Mail pointed out the Dow Jones Industrial Average rocketed up 600 points on the announcement. Actually, the market surged about 1,000 points on the news.

Fox News reported she continued, “You have Secretary Bessent, Secretary Lutnick, Ambassador Greer, NEC Director Hassett and Peter Navarro, the entire trade team meeting with 34 countries this week alone. We are moving at Trump speed to ensure these deals are made on behalf of the American worker and the American people.”

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Futures Soar On Optimism For Tariff Deals

After three days of big losses and record-breaking volatility, equity futures are rebounding sharply following somewhat soothing comments from Treasury Secretary Bessent (although how long the relative calm lasts is anyone’s guess, given there’s little clarity about what Trump wants in exchange for cutting tariffs). As of 8:10am, S&P futures are 2.9% higher, a bounce which started around the time we informed readers that Goldman’s head of risk of risk had turned bullish yesterday afternoon; Nasdaq futures are up 2.7%, with all Mag7 names higher with Semis and Cyclicals also outperforming. European and Asian markets are also broadly higher. The VIX is down 10 vols below 40, while Chinese ADRs are mixed. Bond yields have reversed earlier losses and are up 1bp to 4.22% with the USD dropping. Todays’ macro data focus is the Small Business Optimism report which saw sentiment tumble to 97.4 from 100.7 the lowest since the Trump election (Hiring Plans also slumped; these tend to have a lagged but positive correlation to NFP).

In premarket trading, Nvidia is leading the Magnificent Seven higher (Nvidia +4%, Amazon +3.3%, Meta +3%, Tesla +3.0%, Alphabet +2.5%, Apple +1.6%, Microsoft little changed). Health insurance stocks are rallying after the Centers for Medicare & Medicaid Services finalized a 5.06% average increase in payments to Medicare Advantage plans from 2025 to 2026, an increase from its earlier projection (Humana +14%, Alignment Healthcare +10%, CVS +8.8%, UnitedHealth +7.2%, Centene +4.9%). Here are some other notable premarket movers:

  • Agco Corp. (AGCO) rises 2% after Citi upgraded the agricultural equipment company to buy, saying that the company is “favorably positioned given its ~65% exposure to Europe and South America, which we anticipate recovering ahead” of North America.
  • Blackstone (BX) rises 3% after the private equity firm is upgraded to market outperform from market perform at Citizens.
  • Chegg (CHGG) falls 2% as JPMorgan downgrades its rating to underweight, saying the education technology company is facing secular headwinds.
  • CME (CME) rises 2.5% and Charles Schwab (SCHW) gains 3.4% after Morgan Stanley upgrades its ratings across exchange operators and brokers in a hunt for more defensive exposure.
  • El Pollo Loco (LOCO) rises 10% after receiving an unsolicited, non-binding indication of interest from Biglari Capital Corp.
  • Eli Lilly & Co (LLY) climbs 2% after Goldman Sachs upgraded the obesity drugmaker to buy, citing a “compelling entry point into the sector’s premier topline grower” at current levels.
  • Levi Strauss (LEVI) jumps 11% after the apparel retailer maintained its full-year outlook in the face of sweeping new US tariffs that are poised to significantly raise costs for multinational apparel companies.
  • Marvell Technology (MRVL) climbs 4% after Infineon agreed to buy the chip designer’s automotive networking business for $2.5 billion. The deal makes sense given the firm’s strategic focus on artificial intelligence, analysts say.
  • Nu Holdings (NU) rises 4% after JPMorgan upgraded the bank to overweight, saying “even in our more conservative estimates we see Nu growing earnings more than 30% in next 3 years, something hard to find.”
  • Teradata Corp. (TDC) rises 4% after Morgan Stanley upgraded the database management company to overweight, saying “we acknowledge the company remains a model in transition with risk of extending sales cycles,” but at the current valuation, “we believe this is more than priced in.”

Traders are dipping back into risk assets after one of the most brutal selloffs in years, with some taking hints that President Donald Trump might be willing to ease his position on trade terms after Japan pushed ahead with talks. That sent the Nikkei 225 index to a 6% surge. Goldman traders are turning outright bullish anticipating a big bounce in stocks here, with many citing expectations that Trump will cut trade deals.

“The Trump administration is signaling his openness to trade deals,” said Elias Haddad, a strategist at Brown Brothers Harriman. “Regardless, the pervasive uncertainty created by continuously changing US tariff threats and the scope of potential retaliatory measures remain a major blow to the global economy. Bottom line: relief rallies in risk assets will likely be short-lived.”

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Tesla Takedown Revolutionaries Prepare Mobilization Nationwide

Far-left revolutionaries behind the “Tesla Takedown” color revolution operation have identified dozens of Tesla targets nationwide and are preparing to mobilize far-left agitators aligned with the Democratic Party to those locations as soon as Saturday, in what the rogue group—reportedly funded by Soros-linked organizations like Indivisible—calls a “Global Day of Action.”

The Tesla Takedown website links to The Action Network—an online platform used by shady far-left NGOs to organize and fundraise—which shows that groups like Troublemakers and the Disruption Project are leading tomorrow’s efforts to “tank Tesla’s stock” and destroy shareholder value

“Stopping Musk will help save lives and our democracy,” Tesla Takedown wrote on its website, adding, “The stakes couldn’t be higher. No one is coming to save us—not politicians, not the media.” 

Tesla Takedown’s claims are baseless and not grounded in fact.

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The Nvidia Story Is A Narrative Scam Attack On US Markets

Simple fact: You must have maximum powered servers, high speed computing (HSC), and superconductor chip production to make AI. Where did this “small China lab” get the chips and power

CNBC reported that perhaps the Chinese lab “found a way to work around the rules, or that the export controls were not the chokehold Washington intended.”

They are referring to ITARs, and with such demand and control on the GPUs, there is absolutely NO WAY. Nvidia or other such tech chip firms had to have facilitated this Chinese effort to produce this AI. PERIOD.

And that is against FEDERAL LAW.

This was an attack on the US Market and the new Trump Administration.

If I were a betting man, I would expect that the Deep State of the US that was just unseated, assisted the CCP to build this AI. It’s the ONLY way China would have been able to put this perfect storm together.

Remember the Wuhan lab and U.S. cooperation to develop a gain-of-function enhanced coronavirus?

Get ready, the truth is going to come out fast.

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The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high

The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data.

Americans broadly have been participating in the stock market at a higher rate, with a record 58% of households owning stocks in 2023, according to the Fed’s Survey of Consumer Finances.

Still, stock ownership is skewed toward the top: by comparison, the bottom 50% of Americans owned just 1% of all  stocks and mutual fund shares in the third quarter, central bank data shows.

While the pandemic period drove a rise in retail trading as Americans had time on their hands working remotely, as well as cash to put to work from government stimulus checks, it doesn’t seem to have titled ownership much further away from the richest Americans. Some experts have also said that many retail traders cashed out during the brutal bear market of 2022, unable to stomach steep losses. 

In any event, stock market booms have traditionally produced the largest rewards for those who are already wealthy. That’s because the wealthiest US households have most of their assets tied up in equities, while most middle-class families have their assets tied up in housing, researchers said in a 2020 study.

In the third quarter, the bottom 50% of households held $4.8 trillion of real estate assets, but just $0.3 trillion worth in stocks, Fed data shows. 

The top 1%, by comparison, held over $16 trillion in stocks, and just over $6 trillion in real estate assets.

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Grant Cardone Calculates Nancy Pelosi Would Have To Be ‘1500 Years Old’ To Earn Her $120 Million Net Worth On Current Salary

Grant Cardone recently gave his take on Nancy Pelosi’s impressive $120 million net worth during a DJ Vlad interview and as usual, it came with his signature bluntness.

Cardone, a well-known real estate investor, didn’t hold back when he questioned how someone making a public servant’s salary of $179,000 could amass such a fortune. “Can’t do the math on it,” he said, calculating that Pelosi would have to be over 3,300 years old to build up that wealth if she lived solely on her paycheck.

But then he did the actual math using a calculator. After deducting taxes in California, he divided Pelosi’s net worth by her salary and determined she’d have to be 1500 years old to earn $120 million.

Now, Cardone’s tongue-in-cheek comment about Pelosi needing to be “1500 years old if she never spent one penny” may have raised eyebrows. Still, it highlights something people have been curious about for a while: how does a person in a position like hers achieve such financial success? It’s not a secret that Pelosi has a substantial stock portfolio and her trades are closely watched. Some even claim she’s one of the savviest investors in Congress.

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Nancy Pelosi’s husband sold more than $500K worth of Visa stock — just weeks before DOJ’s antitrust lawsuit

Nancy Pelosi’s husband unloaded more than $500,000 worth of Visa stock — less than three months before the credit card giant was slapped with federal antitrust charges, public documents show.

Visa was hit with a lawsuit on Tuesday that alleged the company has illegally monopolized the debit card market — the culmination of a years-long review conducted by the Justice Department’s antitrust unit.

Visa allegedly used its dominant market position to penalize customers and merchants who use competing payment processors, according to court papers.

Antitrust cops also allege that Visa forces financial tech firms to work with it by threatening to penalize those who don’t.

The Post has sought comment from Visa.

Meanwhile, Christopher Josephs, the tech entrepreneur who runs the “Nancy Pelosi Stock Tracker” on X, posted a screenshot of a congressional filing on July 3 which showed that the former House speaker’s husband, Paul Pelosi, had sold 2,000 shares of Visa worth between $500,000 and $1 million.

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Investment Firm Denies Shorting Trump Media Stock Day Before Assassination Attempt

Investment firm Austin Private Wealth LLC has denied claims that it placed a massive put option on Trump Media & Technology Group stock the day before the assassination attempt, asserting that the filing was a “clerical error”.

In stock market terms, a put option is basically a bet that the asset’s price will fall, which would have almost certainly occurred if Trump had been killed.

As writer and researcher Josh Walkos highlighted, it appeared as though the firm had “shorted 12,000,000 shares of $DJT via a put option. The filing date is July 12th, the day before the assassination attempt.”

“They have around $1 Billion in assets under management and this is by far the largest put placed,” wrote Walkos.

A Bloomberg terminal screenshot showed that the contract subsequently disappeared from the record.

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