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https://babylonbee.com/cleanArticle/pelosi-announces-bid-for-two-more-years-of-insider-trading

Nancy Pelosi was asked if insider trading should be banned for Congress members.

This is how she responded:
🚨🚨🚨 🔊

It is currently legal for member of congress to trade stocks and options based on information they learn about which companies will benefit from legislation that is likely to pass.

It is currently legal for member of congress to trade stocks and options based on information they learn about which companies will benefit from legislation that is likely to pass.

Several establishment members of Congress were among the top lawmakers to successfully trade stocks in 2023, a report by Unusual Whales found Tuesday.

The findings raise concerns that many members of Congress trade stocks based on information unavailable to the public.

Some of the most notable establishment members to beat the market were:

Rep. Dan Crenshaw (R-TX) — up 38.2 percent
Rep. Nancy Pelosi (D-CA) — up 65.5 percent
Sen. Mitch McConnell (R-KY) — up 18.1 percent
Rep. Dan Goldman (D-NY) — up 52.8 percent
Rep. John Curtis (R-UT) — up 25.3 percent
The top trader in Congress was Rep. Brian Higgins (D-NY) from the Buffalo area. Higgins was first elected in 2005 and sits on the House Committees on the Budget and Ways and Means.

Rep. Brian Higgins (D-NY) — up 238.9 percent
S&P Index was only up about 24 percent

... Congressional Democrats’ stock returns beat the S&P 500 by seven points in 2023, the report found:

Democrats up seven points (31 percent up).
Republicans did not beat the S&P, falling short by 6 points (18 percent up).
Beating the S&P is very difficult for stock traders due to the challenge of regularly identifying stocks that will gain more than the S&P...

“The Unusual Whales Democratic ETF, which trades under the symbol ‘NANC’ in a nod to former House Speaker Nancy Pelosi, has surged 30% since its launch on February 7, 2023.

“That compares to a gain of 24% for the S&P 500 over the same time period.”

Investopedia explains what an “ETF” is.

The outlet reports:

An exchange-traded fund (ETF) is a basket of securities that trades on an exchange just like a stock does.

ETF share prices fluctuate all day as the ETF is bought and sold; this is different from mutual funds, which only trade once a day after the market closes.

Business Insider reports that the particular ETF referred to above – the one that trades under NANC – “tracks the trades of Democrats in Congress and their spouses.”

Patrick says

One could build a stock growth fund that watches and buys whatever stocks these folks buy.