Fox Business host Charles Payne said the timing of House Speaker Nancy Pelosi’s stock trades was “flawless” and suggested that “maybe Nancy Pelosi knows something that we don’t know.” not”.
“Rep Pelosi just bought a total of 50 out-of-money calls on Apple, 150 out-of-money calls on Microsoft,” Payne said on the June 6 edition of his show, Making Money. “Now the two transactions totaled between one and just over two million dollars. Sounds like that’s the kind of bet you’d make, uh, if he was a greedy capitalist, right? In fact, you’d make a capitalist blush and then of course a professional poker player would blush too because the timing always seems so impeccable when it comes to Nancy Pelosi’s trades..”
House Speaker Nancy Pelosi (D-CA) revealed millions of dollars in cash calls to Microsoft and Apple in a recent filing. The file detailed her purchases and those of her husband Paul Pelosi during the month of May. Paul Pelosi is a wealthy financier with a net worth of $120 million, according to Celebrity Net Worth.
Payne continued: “Between her and her husband’s gas-guzzling Porsche and of course that house with the carbon footprint of a football stadium right at kick-off, maybe she needs some extra cash. Maybe that’s why she’s taking the extra risk. Unfortunately, few of us can follow it. Few Americans have the same luxury as her.
Nancy Pelosi traded $12.75 million worth of stock options in 2021, making her the second-largest trader in all of Congress, according to Unusual Whales.
People are upset that many members of Congress, including Pelosi, seem to have a knack for making huge bets on stocks with special information, Payne said. “People are upset about that. They don’t like the idea that these people in Washington, DC can make gargantuan bets like this, especially when they have information that we don’t have.
Payne posted a chart of Microsoft and Apple stock prices over the past few months and pointed to the month of May when Pelosi made his money calls. Both companies’ stock prices soared after the chairman’s purchase, almost as if “Pelosi knows something we don’t or maybe runaway inflation is making her nervous as well,” Payne said.
President Pelosi has a long history of betting against the house and winning. Financial data aggregator Unusual Whales exposed Chairwoman Pelosi for beating SPY – a successful exchange-traded fund – by a huge margin. 70% of Pelosi’s trades beat SPY at the end of September 2021, Unusual Whales revealed.
Pelosi once told an audience in London that “In America, capitalism is our system, it’s our economic system, but it hasn’t served our economy as well as it should,” according to Business Insider.
Conservatives are under attack. Contact ABC News at 818-460-7477, CBS News at 212-975-3247 and NBC News at 212-664-6192 and demand that they report on Pelosi’s “impeccable timing” to make stock market trades.
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Post expires at 3:52pm on Tuesday June 21st, 2022