Report: Congress Beat the Market in Trading for 2021

Congress beat the market, on average, with its millions of dollars of trades in 2021, according to watchdog organization Unusual Whales.

Members of Congress bought and sold close to $290 million in stocks, $140 million in options contracts, $124 million in other securities like private equity funds, and $500k in cryptocurrencies during 2021.

In addition, House representatives held stocks for an average time of 134 days compared to 128 days for Senators.

🚨BREAKING NEWS🚨

I have just released the full trading report on politicians in 2021.

In short, many beat the market.

They traded more than ever before.

And they made numerous unusually timed trades, resulting in huge gains.

Read it here: https://t.co/CQ6JphecwZ pic.twitter.com/ra9DEjV0ok

— unusual_whales (@unusual_whales) January 10, 2022

Beating the market was a bipartisan effort, with both Republicans and Democrats in the House and Senate having higher returns than the SPDR S&P 500 ETF ($SPY), which “seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index.”

Unusual Whales found $SPY returns to be +13.6 percent for the year. However, House Democrats and Republicans had average returns of +14.7 percent. Additionally, Senate Democrats were up +15.4 percent, and Senate Republicans were up just under +13 percent. Therefore, Unusual Whales concluded that, on average, Congress beat the market. – READ MORE