Well, there’s nothing new under the sun, they say.
Seems like we come across a story like this every few weeks, but here we have it again.
There’s been a bit of hubbub this week after a report broke a few days ago, saying that many lawmakers bought and sold shares of stocks that produced COVID vaccines and treatments.
Maybe not quite so controversial as Jerome Powell trading the SPY, but it’s still something worth asking questions about.
Tonight: Reacting to the Fed’s Latest Moves (7:00 PM ET)
The Fed meeting wrapped up yesterday, and even though taper talks continued, the markets shot higher late in the day. Is it a sign of brighter days to come, or a temporary sugar high? Come to my LIVE class tonight to find out.
Of course, Speaker Pelosi’s response is no surprise.
You don’t have to get too crazy or wear a tinfoil hat to recognize that these Washington folks, as much as they feud in the public, aren’t going to do things that directly undercut one another very often.
If one politician has a legal way to make a few extra dollars, that means they all do, and no politician is gonna be the one to come in and put a stop to it.
In the end, it doesn’t matter so much. It doesn’t change our approach or anything.
Maybe it just gives us a little extra motivation to go out there and get to work.
You could prove you’re a better trader and investor than Nancy Pelosi! Ha!
In the meantime, you should be preparing for when the folks at the Fed mess up the market for everyone from D.C. on down.
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
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