US politicians stock picks bought by trading bot Performance in H1 2024 revealed
The trading activities of many elected officials in the United States have come under scrutiny in recent years, prompting calls for stricter controls and regulations on how politicians can invest. This has led to a surge in the popularity of platforms that monitor the stock market transactions of officials, with one such platform being Quiver Quantitative on X.
Quiver Quantitative is known for highlighting the most questionable and intriguing trades made by politicians, as well as offering a range of trading strategies based on their actions. One of the most notable strategies tracked by Quiver is the “Congress Buys” strategy, which invests in the top 10 stocks purchased by U.S. politicians.
Since its inception in 2020, the Congress Buys strategy has shown impressive growth, boasting a compound annual growth rate (CAGR) of 45.83%. Despite a slow start in 2024, where it underperformed compared to the S&P 500 index, the strategy saw a significant turnaround by June, with a substantial 19.18% increase in value.
In comparison, the S&P 500 and Dow Jones Industrial Average (DJIA) indices have seen increases of 14.52% and 2.32%, respectively. While the Congress Buys strategy has outperformed the market, its Sharpe Ratio of 1.265 may not be suitable for all investors.
However, the most successful strategy tracked on Quiver in 2024 belongs to Congressman Dan Mauser from Pennsylvania, with a remarkable 86.74% increase in value over the last six months. Despite this success, his CAGR is similar to the broader Congress Buys strategy at 45.83%.
Overall, while the Congress Buys strategy has shown promising returns, investors should be aware of the risks involved in investing in such strategies. It is important to conduct thorough research and consider all factors before making any investment decisions.
