Chris Josephs, co-founder of Autopilot, reviews the aggregate performance of congressional stock traders tracked by his app.
Assertion Supported
Josephs: Marjorie Taylor Greene bought major tech stocks surrounding tariff announcements
“She started buying the day after they paused it. The day before and the day after, on the eighth and ninth. She bought Apple, she bought Qualcomm, she bought Nvidia, AMD, ASML.”
Assertion Not checkable as stated
Josephs: About $350M in capital follows Nancy Pelosi's trades on Autopilot
“Since then she has probably three hundred fifty million dollars following her, which is crazy. She's got her own little mini hedge fund.”
Assertion Supported
Josephs: Autopilot's Nancy Pelosi tracker outperformed the S&P 500 by 30%
“Like, in 2024, for example Our Pelosi tracker that we track her filings, not the actual days of the trade, obviously, and she was up 54%. She outperformed the SPY by 30%.”
Assertion Supported
Josephs: Richard Burr sold $1.4M in stocks after publishing reassuring COVID-19 op-ed
“He called up his financial advisor, in his, him and his financial advisor, they liquidated their portfolio, their retirement account, a week after he wrote that op-ed telling the world to kind of stay calm. Sold off 1.4 million dollars of his entire retirement…”
Opinion
Josephs: Skeptical that Congress will successfully pass a stock trading ban
“I think now is the time that a ban could actually be passed, and with Autopilot, we're fully bipartisan. We will We will help AOC. She deserves a lot of credit for that. But I am a bit skeptical that something we'll get through. I think there's a lot of challe…”
Insight
Josephs: Faceless TikTok growth hacking fails for high-trust financial products
“There's a, you probably see it on Twitter all the time, all these kind of young kind of, they call them cracked out engineers, growth hacking TikTok with the faceless videos and yada, yada, yada, and that stuff works. But that doesn't necessarily really work f…”