A growing trend among investors is to mimic the stock trades of elected officials, driven by the belief that they cannot outperform lawmakers in the market. This movement, supported by a loose alliance of traders, analysts, and advocates, has led to the creation of financial products named after prominent politicians like former House Speaker Nancy Pelosi and Senator Ted Cruz. Platforms such as Quiver, JoinAutopilot, and Unusual Whales are facilitating this trend by offering tools that allow Americans to copy the trades made by members of Congress, but only after these trades are disclosed. This phenomenon is part of a broader rise in day trading among retail investors, influenced by platforms like Robinhood and communities like r/WallStreetBets. Additionally, Reps. Spanberger and Roy are pushing to limit lawmaker trading.
#ELB: “Investors, worried they can’t beat lawmakers in stock market, copy them instead” https://t.co/RTTkC5TE1Z
A fascinating story by @JaxAlemany on lawmakers & the stock market: if you can't beat them, copy them. How investors are helping Americans copy lawmaker stock patterns, including some news on Reps. Spanberger & Roy's latest push to limit lawmaker trading: https://t.co/j3j3QscvaY
An excerpt from the book The Trolls of Wall Street, which details how r/WallStreetBets fueled a movement that turned millions of young Americans into investors (@nathanielpopper / Bloomberg) https://t.co/CUCukKSP72 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/jojHxnThCf
A loose alliance of investors, analysts and advocates is trying to let Americans mimic the trades elected officials make — but only after they disclose them. https://t.co/2IsUn35fTR
New Washington Post article on the rise in copytrading members of Congress, featuring Quiver (along with our friends @JoinAutopilot_ and @unusual_whales) https://t.co/B0Tkh4hMCg
A loose alliance of traders, analysts and advocates is trying to let Americans mimic the trades elected officials make, offering tongue-in-cheek financial products — including one named for former House speaker Nancy Pelosi (D-Calif.) and another that refers to Sen. Ted Cruz… https://t.co/57O95hEUbd
The @RobinhoodApp Effect - The Rise of the Day Trading Retail Investor and Its Perils https://t.co/wfW12d7mdI
Investors, worried they can’t beat lawmakers in stock market, copy them instead https://t.co/6F8oyYKkiA