Does Congress beat the market? Two new studies say opposite things 🏛️📊

Описание: Does Congress beat the market? Two new studies say opposite things 🏛️📊

📈 Wei & Zhou (NBER WP 34524, Nov 2025): 20 lawmakers who became party leaders beat matched colleagues by up to 47 percentage points a year after the promotion (1995–2021). Before it, no difference.

📉 Chen & Sacerdote (NBER WP 35041, Apr 2026): 71,333 trades by 334 members, 2012–2023. Congress overall: behind the market or at best even (−0.26% after one year). Party leaders: −4.37 points.

Why they differ: same 20 people before vs after power, vs every trade after the 2012 STOCK Act. 20 is a small sample — the authors flag it. Neither study proves illegal trading.

Trades over $1,000 must be disclosed within 45 days. We track the filings.

Footage: Architect of the Capitol; The White House (STOCK Act signing, 2012); House hearing record (GPO) — all public domain.

#Congress #STOCKAct #StockMarket #Investing #TickerTales

Not financial advice.