Nancy Pelosi stock performance has long drawn public interest. As Trump’s second term began, her investments saw mixed results, raising concerns.
Profits & Losses from Nancy Pelosi Stock Performance
Shares in well-known tech firms including Apple, Amazon, Alphabet, NVIDIA, and Palo Alto Networks are among Nancy Pelosi’s interests, which are mostly overseen by her husband, Paul Pelosi. These equities’ performance has been erratic since January 20, the day of Trump’s inauguration:
- Apple: Shares went up from $222 to $238.
- Tempus AI: Increased to $50 from $47
- Amazon: Dropped to $205 from $230
- Alphabet: Decreased to $168 from $199
- NVIDIA: down to $114 from $140.
- At $183, Palo Alto Networks stayed stable.
Pelosi’s portfolio has grown significantly throughout the years in spite of these swings. Her estimated net worth is $261 million, since her stock portfolio has increased 700% since 2014, according to Quiver Quantitative.
Insider Trading Problems Persist Pelosi’s stock market performance has fueled debates about politicians purchasing stocks while in government. Others argue that privileged knowledge is inappropriately used to the advantage of members of Congress.
On the topic, Democrat Representative Alexandria Ocasio-Cortez has been vocal, stating that “members of Congress should not be allowed to buy and sell individual stock.” We are here to serve the public, not to profiteer.”
In response to scrutiny, Pelosi’s spokesperson emphasized: “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”
Trump’s Policies and Market Volatility
Financial experts have pointed out that Trump’s economic policies may have influenced Pelosi’s stock performance. Tariffs on China and other trade partners have contributed to increased market volatility, affecting major tech stocks like Amazon and NVIDIA.
According to Kevin Thompson, CEO of 9i Capital Group: “The majority of Pelosi’s stock holdings have been flat or declining since Trump took office. This reflects uncertainty in the broader economy and the impact of Trump’s heavy-handed policies.”
Congressional Stock Trading’s Future
Bipartisan attempts to prohibit politicians and their families from owning stocks have been sparked by worries about congressional stock trading. A group of senators proposed legislation to limit sitting members of Congress’s ability to trade stocks in July 2024. However, the bill has yet to advance.
Michael Ryan, a financial expert, believes stricter regulations are necessary: “There should be stricter provisions limiting political figures’ ability to trade stocks, given their access to privileged information before it becomes public.”
As the debate over political stock trading continues, all eyes remain on Pelosi’s investments and the broader implications for lawmakers with significant holdings in the market.
Source: Newsweek
