Quiver Quantitative

JUST IN: Senator Chuck Schumer says that Senate Democrats will ban stock trading for all members of Congress and White House officials. He also says that they will hold Trump accountable for "rampant corruption".

JUST IN: The US budget deficit in October was a record $404 billion. This is a 42% increase over the same period last year.

BREAKING: Representative Anna Paulina Luna has said that she will bring up a discharge petition for a ban on stock trading by both Congress and the President.

BREAKING: Jensen Huang resigns as CEO of Nvidia, $NVDA

BREAKING: Senator Josh Hawley has called for a moratorium on data center construction.

Democratic leadership has said that they will hold a vote on a congressional stock trading ban. We aren’t getting our hopes up yet. We’ve been reporting on congressional stock trading since early 2020, and have seen a lot since then. Speaker Pelosi said she would support a ban on congressional stock trading if there was support. A vote was never held during her tenure. Speaker McCarthy said he would be open to limits on politicians’ trading. A vote was never held during his tenure. Speaker Johnson said that he supports a ban on congressional stock trading. He actually held a vote, but it was on a bill with a poison pill that guaranteed it wouldn’t get past the Senate. Here is what I think is most likely to happen this session: House Democrats will pass a bill which combines a ban on congressional stock trading with other anti-corruption legislation. This bill will likely be blocked in the Senate or vetoed by Trump, who will say he supports a ban on congressional trading but not the other stuff (whether it be campaign finance reform or lobbying restrictions). It will be used for messaging in 2028, but nothing will be signed into law in the meantime. There might be good intentions behind combining a congressional stock trading ban with other pieces of legislation (it can be easier to pass things as a package instead of holding standalone votes) but it would probably mean that nothing changes in the near future. We’ll see if we are proven wrong! In the meantime, you can track trades filed by both Trump and Congress on Quiver.

JUST IN: We have a new internship opening. We are looking for someone to help us create videos showing what is going on in the stock market. Job posting is here: jobs.avahr.com/7724-quiver-q…

JUST IN: Representative Gil Cisneros just filed dozens of new trades. One of them stood out to us: A purchase of stock in a company called MACOM Technology, $MTSI MACOM supplies defense contractors with semiconductors. Cisneros sits on the House Armed Services Committee. Full trade list up on Quiver.

BREAKING: Representative Jim Jordan will be the next House minority leader.

Viasat stock has now risen 1,000% since we posted this. That's not a typo. 1,000%...

This is getting ridiculous. President Trump filed a March 2nd purchase of Moderna stock. $MRNA has now risen 420% since then.