Morning Note

If you want to get rich off the stock market, you ought to pay close attention to Nancy Pelosi’s trades. Despite spending the past four decades as a “public servant,” Pelosi has an estimated net worth north of $250 million and consistently outperforms even Wall Street’s most savvy professional money movers. 

How could that be? Is she a rare kind of genius? Or could it be that she uses secret information to enrich herself and her family while shafting everyday traders who lack such an unfair insider advantage? 

We’ll let you draw your own conclusions, but the fact that Pelosi’s husband sold more than $500,000 worth of Visa stock less than three months before the government slapped the company with federal antitrust charges speaks volumes.

In any sense, the Pelosis are hot yet again. Nancy raised eyebrows by dumping $1.3 million of Nvidia stock last month, and we may have just found out why she did it. The company’s value tanked by an astounding 17% on Monday, its largest percentage loss since the original COVID crash. From a market capitalization perspective, it shed $589 billion in value, good for the largest one-day value wipeout of any company in history. 

Read more about the stock’s collapse here.

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