Morning Note

Nancy Pelosi made her long-awaited retirement announcement on Thursday, finally preparing to pass the torch after nearly four decades in Congress. She delivered the news in an X video, which you’re free to subject yourself to here. 

Originally from the gritty streets of Baltimore, Pelosi personifies the American Dream. She entered politics with a net worth of roughly $3 million and will exit as the owner of assets valued somewhere between $250 million and $400 million. Her wealth’s growth considerably exceeded that of the S&P 500 and the Dow Jones Industrial Average, cementing her legacy as one of history’s wisest and most shrewd investors. Either that, or she’s a serial insider trader. 

Donald Trump celebrated the former speaker’s looming exit shortly after the news broke, calling her an “evil woman who did a poor job” and heralding her retirement as “a great thing for America.” Numerous Republican lawmakers called on Congress to honor her by banning its members from trading stocks. 

Pelosi will remain in office until her term ends in January 2027. 

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