We Built a Trading Bot to Track Congress Trades, Here's How It's Performing...

In May 2022, we launched our Congress Buys Strategy, which tracks the performance of stocks that have been purchased by members of U.S. Congress (or their family). This strategy is weighted based on the reported size of the purchases, with weekly rebalancing. While we had seen impressive performance from companies being bought by Congress in backtests, we were uncertain whether this would hold up out-of-sample. However, since its launch this strategy has continued to consistently outperform the market, and has had a 28.1% return since May 2022 (beating the market by 22.6%, with a beta of 1.12). Here's a look , and some of it's best moves so far -- including Lockheed Martin ($LMT), ChannelAdvisor ($ECOM), and NGL Energy ($NGL). Track congress and copytrade our strategies: https://www.quiverquant.com #investing #stocks #daytrading #congress #lockheedmartin #lmtstock #channeladvisor #ecomstock #congressnews #finance #quiverquant #quiver #marketnews