"‘Congressional stock god’ retires, investors ‘suffer heavy losses’"

"‘Congressional stock god’ retires, investors ‘suffer heavy losses’"

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Former U.S. House Speaker Nancy Pelosi has officially announced her retirement. This "stock market goddess of Capitol Hill," whose trades have been closely followed by investors, is about to bid farewell to politics, leaving copycat investors without their core information source—"a huge loss."

On November 7, according to the Global Times citing U.S. media, on November 6 local time, former U.S. House Speaker and 85-year-old Democrat Nancy Pelosi announced that she would officially retire when her current term as House Representative ends.

According to recent media reports, once she leaves Congress, she will no longer be required to publicly disclose her family's stock holdings, resulting in her many "Pelosi followers" losing an important source of investment signals. Previously, countless investors monitored her disclosed stock trades and copied her every move, typically turning profits from it.

This California Democrat gained fame during her forty-year congressional career for her precise stock trading, attracting millions of investors to follow her investment strategies and even spawning funds specifically tracking congressional trades. According to Capitol Trades data, Pelosi-related public trading totaled about $59 million in the past three years.

Analysts pointed out that her exit could have significant market impact. Dan Weiskopf, senior portfolio manager at Tidal Financial Group, said: "When Nancy Pelosi trades, the market immediately follows, driving up the relevant stock's movement."

Investor Fervor Gives Rise to Dedicated Funds

A whole investment ecosystem has formed around Pelosi's trading. An X Platform account named "Nancy Pelosi Stock Tracker" has amassed 1.2 million followers.

Financial experts, day traders, and political observers all closely monitor the Pelosi family's trades and replicate their portfolios.

Weiskopf manages an ETF fund with the ticker symbol "NANC," dedicated to stocks bought and sold by all Democratic congressional members. He also manages another fund named "GOP," tracking Republican congressional trades.

According to official data, NANC has net assets of about $263 million, while GOP has about $60 million. Both funds launched in 2023 and have significantly outperformed the S&P 500 Index.

Weiskopf explained the appeal of Pelosi's trading:

"Her trading shows strong conviction, as she uses long-term options that remain effective even after delayed disclosure. She does exceptionally well—why not follow her?"

According to federal law, members of Congress can legally hold and buy stocks. However, the law requires them to disclose within 45 days any transactions made by themselves, their spouses, or children, or any stock activities conducted on their behalf. They report transaction ranges instead of exact amounts.

Federal disclosure documents show that most Pelosi-related trades are conducted by her husband, Paul Pelosi. In 2022, Pelosi's office spokesperson said she does not participate in her husband's investment decisions.

Pelosi has always denied any wrongdoing and rejects claims that members of Congress could exploit non-public information for financial gain. In 2021, when pressed about her seemingly well-timed trades, she defended herself:

"We are a free-market economy; [lawmakers] should be able to participate."

Government ethics organizations have long lobbied to prohibit congressional stock trading. Under public pressure, Pelosi in 2022 announced support for bipartisan efforts to ban congressional stock trading, with related proposals gaining more support this year.

Progress on Bans May Change the Game

It is reported that Congress is currently discussing multiple proposals, including plans advanced by progressive legislators like Alexandria Ocasio-Cortez and Senator Elizabeth Warren, and supported by conservatives such as Representative Chip Roy and Senator Josh Hawley.

These developments, coupled with new support from President Trump and bipartisan congressional leaders this year, have advocates optimistic that a Republican-dominated Congress will pass related legislation. Senate Republicans have even renamed one of the bills the "PELOSI Act."

Earlier this year, Pelosi reiterated her support for a congressional stock trading ban. However, this has not stopped her family from continuing to trade. Recently disclosed records show her husband transferred at least $100,000 worth of Apple stock on October 22, with the shares donated to a Catholic university in Washington, DC.

Weiskopf said:

"Her trade disclosures really move the market. Her retirement is notable, but many other legislators will carry on this trend. Although the most-followed trader will be gone, the industry tracking congressional trades will continue to function."

Risk Warning and DisclaimerThe market has risks; invest cautiously. This article does not constitute personal investment advice and does not consider individual users’ special investment objectives, financial situation, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article suit their specific situation. Investment at your own risk. ```