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“Insidious rulers breed insidious task men and women.” -Me
The public servants we elect in DC have become chattels of Wall St and the corporate elite.
You and I, the hard working, tax paying citizens, often bucketed as Republicans AND Democrats or “C O N S U M E R S”
…are now the public servants feeding into their wealth and power. If you didn’t know the rules, well now you know!
This is who we trade against. Not for the faint of heart. Below is just one example.
#SubstackBusiness #SubstackFinance
Insidious rulers breed insidious task men and women. This is the recent story of a task man who helped write and vote for the #TikTok ban, then invested in META 0.00%↑ their largest competitor.
My imagination (not accusations) asks, who knew on wall street? At META? whose decision was it to begin with?
I am not the source. But I am not surprised. The only silver lining is that McCaul is not as good of a trader as Pelosi, and he is down more than 10% on the trade as of this post.
#Bytedance was given 9 months to divest TikTok, magically enough time to use TikTok until elections are done with and contested.
I suspect many of our overlords and their friends were trapped from that April selloff. And now every news flow will be used to get out 1st. Just my hunch.
Layoffs, buybacks, dividends, stock splits, and dovish Fed comments are the tools of choice.
And now 60 minutes is featuring NVDA this Sunday to get even more late stage buyers.
They don’t need to even cut rates. Just keep jawboning that they might, and the sell side to keep talking about it every day and every week. Jerome Powell speaks again this week!
$META $NVDA $PANW #PLTR $GOOGL $AMZN $MSFT $AAPL
Hat tip to Bill Cara
Excerpt:
- On March 3rd, McCaul authored the TikTok Ban Bill
- On March 22nd, he invested $150,000 in META
- On the 26th, he invested another $150,000
- On the 28th, he invested another $150,000
So about three weeks after writing the TikTok Ban Bill, this man invested $450,000 in TikTok's competitor.
Sources
According to CapitolTrades.com, McCaul has made multiple six-figure purchases of Meta Platforms (META), TikTok’s direct competitor, in late March.
According to FinBold, McCaul bought $350,000 worth of Meta stock on April 4th and 5th. McCaul is a big-time investor in Meta, having invested at least $700,000 in the past.
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