http://twitter.com/1200616796295847936/status/2000689958886006822
Treasury Secretary Scott Bessent has renewed his call to end congressional stock trading, highlighting outsized returns by lawmakers that far outpace market benchmarks.
In 2024, Senate Finance Committee Chair Ron Wyden’s portfolio surged 123.8%, compared with the S&P 500’s 24.9%, while Speaker Nancy Pelosi’s portfolio returned 70.9%.
Bessent Urges End to Congressional Trading as House Leaders See Outsized Returns
Scott Bessent’s warning comes as asset managers take record-long positions in US equities. S&P 500 futures net long exposure has reached 49%, near historic highs.
https://finance.yahoo.com/news/why-scott-bessent-cracking-down-085812667.html