According to financial news outlet Finbold, “US congressional leaders have been making some strategic investment moves into military-related stocks.”
— VeBee🇺🇸✝️ (@VeBo1991) October 10, 2023
Sadly, war is a business.
Nefarious individuals with insight on geopolitical conflicts will financially benefit from the suffering of innocent civilians.
Many of the wicked ones reside in the United States Congress.
X account @unusual_whales provided insight into what stocks Democrats and Republicans purchased.
“Congress has been buying war stocks. Many bought defense company $GD, General Dynamics,” unusual whales noted.
“Numerous Republicans bought heavy into oil + energy companies, with buys in $XOM, $DVN, $CVX. Democrats bought cybersecurity like $FTNT. These companies lobby Congress heavily,” unusual whales added.
BREAKING: Congress has been buying war stocks.
Many bought defense company $GD, General Dynamics.
Democrats bought cybersecurity like $FTNT.
These companies lobby Congress heavily. pic.twitter.com/0JUKURNmMT
— unusual_whales (@unusual_whales) October 8, 2023
*Screenshots from unusual whales X post*
The same reportedly happened during the Russia-Ukraine conflict.
This happened before the Ukrainian war, as well.
In this case, for example, Michael Guest bought up to $15,000 of $XOM in August.
Numerous other politicians, such as Hern and Wittman have as well.
See full trades: https://t.co/iZcT1t0LgF
— unusual_whales (@unusual_whales) October 9, 2023
Now, there’s no ignoring the fact that these companies lobby Congress with gusto. Lobbying, in many ways, serves as an avenue for corporations to communicate their perspective and interests to policymakers.
Taking a closer look, some of the notable members who’ve entered the fray include Republicans Michael McCaul (Texas), Kevin Hern (Oklahoma), and Michael Guest (Mississippi), with the latter acquiring up to $15,000 of XOM in August. Among Democrats, Fankel (Florida), Richard Larsen (Washington), and Walter Schrader (Oregon) stand out.
The market is a reflection of geopolitical events, and those with the right foresight can harness its potential. As they say, it’s about ‘buying the rumor and selling the news.’ Congressional moves, while subject to scrutiny, can often offer a finger on the pulse of where the ‘smart’ money might be heading.
“Here is every US politician in Congress who currently holds stock positions that directly benefit from war in the Middle East,” unusual whales posted Tuesday.
BREAKING: Here is every US politician in Congress who currently holds stock positions that directly benefit from war in the Middle East:
— unusual_whales (@unusual_whales) October 10, 2023
My report is coming soon. Be ready.Advertisement